Maryann Clemente

Mar 1, 2024 | jdsupra.com | Michael Arlein |Jennifer Brown |Maryann Clemente

You may already be aware of a new federal law called the Corporate Transparency Act (the CTA), which became effective on January 1, 2024. The CTA was enacted as part of the National Defense Authorization Act and mandates that certain business entities (“Reporting Companies”) report identifying information to the Financial Crimes Enforcement Network (FinCEN).