AoA Webinar – What You Need to Know About the New Corporate Transparency Act


March 11, 2024    
11:00 am - 12:00 pm

Event Organizer

Alliance of Angels

The Corporate Transparency Act (the “CTA”) became effective January 1, 2024 and it applies to a large range of private companies. The CTA is part of the Anti-Money Laundering Act of 2020, with the purpose to combat money laundering and other illicit activities through anonymously owned entities. The CTA applies both to newly formed and already existing entities, and it imposes obligations on covered entities to report the identity of their significant beneficial owners and other people exercising control over the entity (along with copies of a driver’s license or passport for each covered individual). Companies, on an ongoing basis, must also report any changes to such information within 30 days of any change. This webinar will explain which entities are covered by the CTA, who has obligations to report the information, what information must be reported and how to protect the confidentiality of this information.