Corporate Transparency Act 2024. Under the corporate transparency act (cta), which went into effect on january 1, 2024, many u.s. The justice department, on behalf of the department of the treasury, filed a notice of appeal on march 11, 2024.
The corporate transparency act (cta) requires “reporting companies” to file a report with the department of treasury’s financial crimes enforcement network. The department has prioritized efforts to implement the corporate transparency act (cta) to prevent corrupt and other actors from laundering illicit funds through anonymous companies in the united.