Navigating the New FinCEN Reporting Requirement: What U.S. Businesses Need to Know
Jean-Luc Van Hulst2023-11-16T11:56:12-05:00As we usher in the new year, U.S. businesses are bracing themselves for a significant shift in regulatory requirements. Effective January 1, 2024, the Financial Crimes Enforcement Network (FinCEN) will enforce the Corporate Transparency Act (CTA), compelling most U.S. companies to report ownership information. This marks a pivotal moment in the fight against tax fraud, terrorism, and money laundering, with implications that extend to businesses of all sizes, including clients served by Vital4. Understanding the [...]