Treasury Exempts 99 Percent of Entities from Ownership Reporting, Gutting Landmark Anti-Money Laundering Law

Reported by FACT Coalition On Sunday, the Department of Treasury announced via social media that it no longer intends to enforce the landmark Corporate Transparency Act (CTA) – the 2021 law that, for the first time, requires disclosure of information on the true owners of anonymous shell companies – against domestic entities and persons. This dramatic reversal of Treasury’s […]