CTA
The Counterterrorism Act (CTA) was discreetly included as part of the Anti-Money Laundering Act of 2020 to enhance crucial national security, intelligence, and law enforcement endeavors aimed at combating money laundering, terrorism financing, and other unlawful activities.
Beneficial Owner
BOI Reports contain details regarding the reporting firm, its beneficial owners, and the "company applicants" involved in filing to establish the entity.
Reporting Company
Starting January 1, 2024, it's mandatory for reporting entities to file the Beneficial Ownership Information report. Compliance with this requirement is expected from all companies categorized as reporting entities.
