The Corporate Transparency Act (CTA) entered into force on Jan. 1, 2024. Under the beneficial ownership information reporting rule of the CTA, certain entities – such as corporations.
The Delaware courts have closed out a hectic year during which a wide range of important corporate and M&A issues were addressed. These reflect practice-changing updates and refinements to the law, and the developments arising in the final portion of 2023.
On January 1, 2021, Congress enacted the Corporate Transparency Act (the "CTA") as part of the Anti-Money Laundering Act of 2020 in the National Defense Authorization Act for Fiscal Year 2021.
On September 30, 2022, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) published a rule (the Final UBO Rule or the Final Rule) that implements.