On April 18, 2024, the Financial Crimes Enforcement Network of the U.S. Treasury Department (“FinCEN”) issued supplementary guidance on the Corporate Transparency Act (“CTA”) as part of their FAQs. The updated FAQs include guidance specifically for community associations which affirms and is in line with our recent article summarizing what community associations need to know about the CTA (available here). Guidance from the FAQs for community associations Read the article…………………………….
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