The States of transparency
Kevin T Keen and Zachary Arons provide an overview of the US Corporate Transparency Act
Key points
What is the issue?
The US Corporate Transparency Act (the Act) is the first comprehensive ultimate beneficial owner and controlling persons reporting regime in the US. It imposes reporting requirements on many existing and newly formed US companies and non-US companies registered to do business in the US.
What does it mean for me?
The Act will have broad and cascading implications for financial institutions, service providers, fiduciaries, private clients and family offices, inbound investors and state agencies alike.
What can I take away?
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