X
28Jan

Corporate Transparency Act and New Implications for US Special Purpose Vehicles, Wealth Structuring and Other Arrangements

The override of former President Trump's veto of the National Defense Authorization Act of 2021 resulted in the enactment of broad amendments to the US anti-money laundering regime. Of particular note is the inclusion of the Corporate Transparency Act, which now requires many US entities (and non-US entities registered to do business in the US) to report their beneficial owners to FinCEN, a unit of the US Treasury Department. The law has clear implications for the broader corporate...
By: White & Case LLP
Source Url: https://www.jdsupra.com/legalnews/corporate-transparency-act-and-new-1693790/

Related

Consultation to tighten minimum energy efficiency standards

Following on from the 2017 Clean Growth Strategy (CGS), in which the government committed to support...

Read More >

UPDATE: Texas Legislature and Courts Clash With Cities Over Mandatory Sick Leave: What Employers Need to Know

This is an update to a previous post from June 24, 2019. Yesterday, Dallas became the last of the t...

Read More >

Will SCOTUS Extend LGBTQ Protections Under Title VII?

On October 8, 2019, the United States Supreme Court heard two oral arguments in three highly anticip...

Read More >

Treasury Department Proposes Two CFIUS Rules Implementing FIRRMA

On September 17, 2019, the Department of the Treasury issued two Proposed Rules intended to implemen...

Read More >

Unlocking planning for the Northern Powerhouse in a post Covid-19 age

The economic crisis of Covid-19 could provide a counterintuitive catalyst for delivering the Norther...

Read More >

Building and construction update: the Residential Apartment Buildings (Compliance and Enforcement Powers) Act 2020

The Residential Apartment Buildings (Compliance & Enforcement Powers) Act 2020 (NSW) (RAB Act) came ...

Read More >