Cta Act 2024 Ford. Many companies are required to report information to fincen about the individuals who ultimately own or control them. Fincen began accepting reports on january 1, 2024.

Facing a looming deadline, cai’s board of trustees in june 2024 approved the filing of a lawsuit to exempt and protect community associations from the burdensome filing. 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.