Amir Morani’s Post

🔍 Why is reporting beneficial owners so crucial for small businesses? Corporate anonymity allows criminals to exploit the U.S. financial system, but the Corporate Transparency Act (CTA) is changing that. By requiring businesses to disclose their real owners, the CTA helps law enforcement fight illicit activity. Join our sister company, AMCPA’s webinar "BOI 101: Everything You Need to Know About the New CTA” on July 16th at 12PM CDT with Nafisa Aziz to learn more about your reporting obligations under the CTA, the importance of transparency, and how to stay compliant. Don't wait until the deadline—prepare now! 🗓️ Register today to protect your business and support our national security: https://zurl.co/9EQl Interest in CTA Compliance services? Book an appointment today: https://zurl.co/UseA #CorporateTransparency #BusinessCompliance #Webinar #BOIReporting #RegisterNow #FinCEN #CTA

Key Insights into the Corporate Transparency Act https://lnkd.in/g5Ysc_uf • Federal Reporting Requirements: The CTA mandates specific U.S. entities to report their beneficial ownership details to FinCEN to combat illicit activities facilitated by anonymous companies. • Exemptions and Compliance: It outlines exemptions (e.g., publicly traded companies) and prescribes penalties for non-compliance, including fines and imprisonment. • Protected Access to Data: Access to reported beneficial ownership information is restricted to law enforcement and financial institutions under stringent conditions, ensuring data privacy and security. Continue reading: https://lnkd.in/g5Ysc_uf #CorporateTransparencyAct #CTACompliance #BeneficialOwnership #FinancialCrimesPrevention #AntiMoneyLaundering #ReportingCompanies #FinCENReporting #CorporateTransparency #ComplianceRequirements #OwnershipDisclosure #LegalCompliance #FinancialRegulation #AntiTerroristFinancing #ShellCompanyReform #BusinessEthics #FinancialIntegrity #CorporateAccountability #TransparencyInBusiness #PenaltiesForNonCompliance #ProtectingFinancialSystems #FinCEN #BOIR #CTA

🚨 Attention! The Corporate Transparency Act (CTA) is now in effect, adding a new compliance task to your list. 📝 Enacted to combat money laundering and illicit activities, the CTA introduces reporting requirements for millions of businesses. A federal database will be established, and accessible to authorities. To make sure you understand the rules and comply to avoid penalties, visit buxtonandcollie.com to read our blog.

REMINDER: Corporate Transparency Act Deadline Approaching! The Corporate Transparency Act (CTA) filing deadline is just around the corner, due by the end of this year! This new federal law requires many U.S. businesses to disclose beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN). If your business hasn’t submitted its CTA report yet, now is the time to prepare. Don’t risk penalties or delays—reach out to us for guidance on making sure your report is filed accurately and on time. #CunninghamDalman #CorporateTransparencyAct #Compliance #BusinessLaw #CTA

🚨 Attention! The Corporate Transparency Act (CTA) is now in effect, adding a new compliance task to your list. 📝 Enacted to combat money laundering and illicit activities, the CTA introduces reporting requirements for millions of businesses. A federal database will be established, and accessible to authorities. To make sure you understand the rules and comply to avoid penalties, visit https://bit.ly/4acJmVx to read our blog.

The Corporate Transparency Act (“CTA”) went into effect January 1, 2024. It requires new and existing entities to file information concerning their beneficial ownership information (“BOI”) with the Financial Crimes Enforcement Network (“FinCEN”) and requires that information stay up to date. So who is a Beneficial Owner? A beneficial owner is any individual who, directly or indirectly, exercises substantial control over a reporting company OR owns or controls at least 25% of the ownership interests of a reporting company. An individual might be a beneficial owner through substantial control, ownership interests or both. Contact us if you need help understanding the legal details surrounding the CTA.  #corporatetransparencyact  #businesslaw #executivelegal #legalupdate

In January of 2024, the U.S. Government began enforcement of the Corporate Transparency Act (CTA) of 2021. The act requires all businesses to report about the individuals who control them. At the start of this year, we brought you news on how to determine whether your Co-Op or Condo falls under the category of a business that must file with FinCEN (the Financial Crimes Enforcement Network,) or if it is exempt. Filing is free of charge and must be completed this year by existing businesses and within 90 days of any new business creation or registration to do business in the U.S henceforth. To download the form or read more information about the CTA and penalties for non-compliance, click here: https://lnkd.in/esE5VWw2 #nycrealestate #nyrealestate #newyorkrealestate #realestateny #nycliving #commercialrealestate #nyproperty #propertyinvestment #condo #coop #buildingmanagement #facilitymanagement #propertymanagement #buildingmaintenance #buildingmanager #buildingservices #corporatetransparencyact

#FAQ What is the the intention behind the Corporate Transparency Act? This law was designed to disrupt criminal activities such as money laundering by removing the cloak of anonymity from small businesses and revealing who funds them and controls their operations. Visit https://bit.ly/3ThpgDN to read more on ""How to Comply with the Corporate Transparency Act,"" with Wright Lewis. #DBL #DoingBetterLaw #TeamDBL #RegulatoryAndGovernment #CorporateTransparencyAct

The Corporate Transparency Act (CTA) is officially in effect. This significant law requires certain businesses to report "beneficial owner" information to the Financial Crimes Enforcement Network (FinCEN) to help combat illegal financial activities. At Fiske, we're committed to keeping our clients informed about key regulatory changes. While we recommend consulting with legal counsel to ensure full compliance with the CTA, we want to ensure you’re aware of these important updates and what steps might be necessary. For more details on the reporting requirements and deadlines, check out our website: https://lnkd.in/d9Ne8FY4 #Fiske #CorporateTransparencyAct #Compliance #Finance

The term 'suspicious' often presents a conundrum when it comes to filing Suspicious Activity Reports (SARs), due to its lack of a precise definition. However, filing SARs should be a top priority for law firms when red flags relating to money laundering are raised. Avoid the pitfalls when it comes to filing SARs and get top tips by reading our blog. Read more here https://bit.ly/3P0dLx9 #AMLcompliance #SARs #MoneyLaundering #LegalCompliance #LawFirms #toptips #uklaw