Corporate Transparency Act and Washington Homeowners Associations and Condominium Associations

/ Owner - September 12, 2024

In December 2020, Congress passed the Corporate Transparency Act (the “CTA”), which aims to prevent and combat money laundering, terrorist financing, tax fraud, and other similar activities. This goal is intended to be achieved through the requirement of having corporations file a beneficial owner report with the Financial Crimes Enforcement Network (“FinCEN”). The beneficial owner report provides specified identifying information for each beneficial owner of the corporation.  Read the article…………………………….

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