Fincen Corporate Transparency Act 2024 Act. Beginning january 1, 2024, the us corporate transparency act (cta) will require “reporting companies” to submit a report to the financial crimes enforcement network. Learn the basics of the corporate transparency act which requires llcs and corporations, both new and existing, to share beneficial ownership information with fincen.

The bipartisan corporate transparency act, enacted in 2021 to curb illicit finance, requires many companies doing business in the united states to report information about the. Today, the financial crimes enforcement network (fincen) issued a final rule implementing the access and safeguard provisions of the corporate transparency act (cta) (the “access.