Corporate Transparency Act 2024. This article has set forth the exemptions that are available under the corporate transparency act and the regulations issued by the financial crimes enforcement network. Beginning january 1, 2024, the us corporate transparency act (cta) will require “reporting companies” to submit a report to the financial crimes enforcement network.
And international financial systems, as well as people across the country, from illicit finance threats like terrorist financing, drug trafficking, and money laundering. The corporate transparency act (cta) plays a vital role in protecting the u.s.