Corporate Transparency Act Enacted Into Law
By EsqSocial Corporation 15/01/21
On January 1, 2021, the Corporate Transparency Act (included as Title LXIV of the National Defense Authorization Act for Fiscal Year 2021), which is designed to prevent money laundering, serious tax fraud, the financing of terrorism, and other similar illicit activities, became public law. The Corporate Transparency Act (the Act) will take effect on the effective date of implementing regulations to be promulgated by the Secretary of the Treasury, which must be promulgated by January 1, 2022....
By: Weiner Brodsky Kider PC