Nancy Zhao, Counsel in the Real Estate Group, authored, "Keeping Clients Up To Speed On The Corporate Transparency Act" in Financial Advisor.

Excerpts:

"The Corporate Transparency Act (CTA) has been a hot topic in 2024. This legislation, aimed at enhancing transparency in business ownership, requires nearly all entities created or registered to do business in the United States to report detailed beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN).

FinCEN, a division of the U.S. Department of the Treasury, seeks to curb money laundering and other criminal activities facilitated by opaque ownership structures and shell companies, especially by hostile or foreign adversaries."

Read the full article here.

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• Financial Advisor