The Corporate Transparency Act (CTA) aims to combat financial crimes like money laundering, terrorism financing, and tax evasion by increasing corporate transparency. As of January 1, 2024, the CTA requires certain businesses, including corporations and LLCs, to disclose their beneficial owners—those with significant control or ownership—to the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN). Non-compliance can result in significant fines and penalties.   Read the article…………………………….