What Is The Corporate Transparency Act 2024 Act. Congress enacted the federal corporate transparency act (the cta) on january 1, 2021, a wide range of plaintiffs immediately brought suit against the government. Beginning january 1, 2024, the us corporate transparency act (cta) will require “reporting companies” to submit a report to the financial crimes enforcement network.

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. 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.