The U.S. Department of the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) recently issued its Final Rule under the Corporate Transparency Act (CTA) implementing the CTA’s requirements related to reporting beneficial ownership information. While the Final Rule, which goes into effect on January 1, 20204, represents a significant enhancement to current U.S. anti-money laundering laws, […]

The post FINAL RULE ISSUED UNDER THE CORPORATE TRANSPARENCY ACT – IMPLICATIONS FOR THE SMALL BUSINESS OWNER first appeared on Verni Tax Law.