Corporate Transparency Act (CTA) Resource Center

The federal Corporate Transparency Act (CTA) became effective on January 1, 2024. For the first time, many businesses will be required to report personal identifying information about their ultimate beneficial owners, executives, and other control individuals to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and to update this reporting when any previously reported information changes.

Ballard Spahr is advising companies across industries about their obligations under this new regulation. The firm has assembled a task force of attorneys with specific experience in corporate governance, business transactions, capital raising, consumer financial services, banking regulation, and anti-money laundering to monitor key developments and to help clients navigate and comply with this new regulatory framework.

This Resource Center is a compilation of thought leadership from Ballard Spahr attorneys, as well as information regarding the CTA and whom to contact for additional information.