Beneficial Ownership Requirements Under the Corporate Transparency Act – What You Need to Know

The Corporate Transparency Act (CTA) is part of the Anti-Money Laundering Act of 2020 (AMLA), which was signed into law on January 1, 2021. The CTA is intended to facilitate critical national security, intelligence, and law enforcement efforts with the goal of countering money laundering, the financing of terrorism, and other illicit activity by using the following measures:

While the CTA unfolds, there are significant concerns over how the FINCEN database will be maintained, bringing into question whether this will truly deliver the transparency needed.

Join Guidehouse and Pillsbury as we discuss the details of the CTA, what the potential implications are for your organization, talk through real world examples, and steps you can take to make sure you’re compliant.

This is the next installment in a series of webinars and other events that Pillsbury and Guidehouse are hosting examining the Anti-Money Laundering Act of 2020 and its effects and potential effects on financial institutions. CLE credit applied for.

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