Corporate Transparency Act (CTA) Law Implementation At Risk as Treasury Weighs Ownership Information Reporting Forms

Reported by Thomas Georges The bipartisan Corporate Transparency Act (CTA), which requires anonymous companies and other entities registered in the U.S. to report identifying information on their true, “beneficial” owners, is under serious threat of being weakened by a combination of flawed rulemakings and a draft information intake formreleased by Treasury that could make reporting functionally optional under […]