NTA2219. Corporate Transparency Act (CTA) is Around the Corner - Are You and Your Clients Ready?

Enacted by Congress in 2021, the Corporate Transparency Act (CTA) directs the Treasury Department to create a federal database of the beneficial ownership of a myriad of entities. The reporting rules will go into effect one year after the enabling regulations – the first tranche of which was published in December 2021 – are finalized. Are you and your clients ready? Come learn the basics of who must report, what information must be reported and when.

Learning Objectives:

• Distinguish the who, what and when of reporting responsibilities
• Recognize what other anti-money laundering obligations may apply
• Estimate penalties for failures