The Corporate Transparency Act is coming: What You Should Know

After nearly two years of buildup, certain reporting companies will be required to comply with the Corporate Transparency Act (CTA) starting January 1, 2024. Initially passed in 2021, the CTA seeks to combat anonymous shell companies and/or opaque ownership structures used to facilitate money laundering, terrorist financing, sanctions evasion, the sheltering of illicit funds in the US, and other crimes.

Read DLA Piper’s review of what corporations need to know about the updated CTA here.