There have been various lawsuits filed requesting courts to enjoin the enforcement of the CTA. Without getting deeply into the decisions, at the present time FINCEN has extended the time for compliance until January 13, 2025 and the Fifth Circuit Court of Appeals has...
Congress adopted the anti-money laundering act of 2020 and the Corporate Transparency Act (CTA) as a part of it. The purpose of the acts is as suggested in the titles – to combat money laundering, combat financing of terrorism and to detect other financial criminal...
