How are Practitioners Coping with the US Corporate Transparency Act?

In 2021 the United States enacted the Corporate Transparency Act (CTA), creating a beneficial ownership registry within the FinCEN unit of the Treasury. The regulations required by the CTA have finally taken effect and, while they address many questions posed by practitioners, they still place the compliance burden on the clients. In this Talking Points, Alicea Castellanos explains what practitioners need to know about the CTA and the regulations and cautions them to seek help from experts before attempting to advise their clients on the technical requirements.