2024 Corporate Transparency Act Format India. The corporate transparency act (cta) introduces fresh reporting obligations for companies established or. On january 1, 2024, the new requirement to file a beneficial ownership information (boi) report with the financial crimes enforcement network (fincen) went.
The corporate transparency act’s new reporting requirement is now in effect as of january 1, 2024. It provides transparency into business entity structures with the goal of combatting money laundering, corruption, and other illicit activities that can be committed anonymously through corporate structures.