30 August 2022 Issue 4 Jennifer J Wioncek

Reporting for duty

Jennifer J Wioncek discusses the impact of the US Corporate Transparency Act on Latin American private clients

Key points

What is the issue?

The US recently enacted the Corporate Transparency Act (the Act), which is a new national beneficial ownership reporting regime for US companies and certain non-US companies.

What does it mean for me?

Succession planning structures commonly used in the US by domestic and international private clients will now require disclosure of such reporting companies’ beneficial owners and those persons involved in the set up of such companies.

What can I take away?

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