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Understanding the Corporate Transparency Act and Advocating for Community Associations

/ Owner - February 9, 2024

As community associations navigate the intricacies of compliance with the Corporate Transparency Act (CTA), it’s imperative to understand the nuances of this legislation and advocate for the best interests of community associations. The CTA, enacted in 2021, combats money laundering by requiring entities, including most community associations, to disclose beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN).   Read the article…………………………….

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