What Is The Corporate Transparency Act 2024. While this litigation is ongoing, fincen will continue to. Under the corporate transparency act (cta), which went into effect on january 1, 2024, many u.s.

Beginning on january 1, 2024, many legal entities in the united states now have to report to the federal government information about their beneficial owners—i.e., the individuals. This article is an updated version of the corporate transparency act requires reporting companies to file with fincen.