Corporate Transparency Act For 2024. 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. Congress passed the corporate transparency act in 2021, requiring that businesses report to treasury’s financial crimes enforcement network (fincen) information.

District court judge liles c. “the corporate transparency act, through its beneficial ownership reporting requirements, provides the historic opportunity to unmask shell companies and protect the.