Corporate Transparency Act 2024 How To Files Anwb. The department has prioritized efforts to implement the corporate transparency act (cta) to prevent corrupt and other actors from laundering illicit funds through anonymous companies in the united states. Learn the basics of the corporate transparency act which requires llcs and corporations, both new and existing, to share beneficial ownership information with fincen.

Many companies are required to report information to fincen about the individuals who ultimately own or control them. After only being in effect for two months, the corporate transparency act ran into a roadblock.