Corporate Transparency Act
Hotel Lawyer: Preparing for the Corporate Transparency Act
Jim Butler | November 9, 2023
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com In 2021, Congress passed the Corporate Transparency Act in order to combat money laundering and other illegal activities. The CTA goes into effect on January 1, 2024, and requires almost all businesses to file a report with FinCEN identifying their beneficial owners. JMBM’s Taxation, Trusts & Estates Department has written the below article detailing the steps businesses should take to prepare for this new law. Preparing for the Corporate Transparency Act Disclosure of Beneficial Ownership Information to FINCEN by JMBM’s Taxation,...
Hotel Lawyer: New rules for anti-money laundering compliance?
Vince Farhat | April 14, 2021
FinCEN Seeks Comments on Ownership Disclosure Requirements in New Federal Anti-Money Laundering Law By Jim Butler, Vince Farhat See how JMBM’s Global Hospitality Group® can help you. The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) is currently accepting public comments on a provision in the recently enacted Corporate Transparency Act (CTA) which requires some privately-held business entities to disclose ownership information directly to a law enforcement agency. Interested parties should consider commenting before the May 5th deadline, and companies who may be impacted should take this opportunity to review...
