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Glossary

CTA

Corporate Transparency Act

Beneficial ownership reporting to FinCEN.

The Corporate Transparency Act requires many US companies to report their beneficial owners to FinCEN. It changed what information exists about small private companies, without changing the obligation on institutions to verify what they are told.

See also

BOI

Corporate Transparency Act reporting requirements.

Beneficial ownership

The distinction between beneficial and legal ownership in KYB.

Reporting company

An entity required to file beneficial ownership under the CTA.

FinCEN

The US financial intelligence unit.

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