Corporate Transparency Act 2024 How To File It. A new federal law, the corporate transparency act (“cta”), took effect on january 1, 2024, imposing a new filing requirement on many business entities with the goal of. With the beneficial ownership information reporting requirement imposed by the corporate transparency act effective on january 1, 2024, every “reporting company” must file.

The department has prioritized efforts to implement the corporate transparency act (cta) to prevent corrupt and other actors from laundering illicit funds through anonymous companies in the united states. The bipartisan corporate transparency act, enacted in 2021 to curb illicit finance, requires many companies doing business in the united states to report information about the individuals who ultimately own or control them.