The U.S. Corporate Transparency Act: Why Banks Are Wary of This New Law
About this event
TCAE is delighted to invite Ross Delston, Attorney and Expert Witness, to share his insights on the U.S. Corporate Transparency Act. In this session, Ross will cover the basics of the Corporate Transparency Act, discuss access to the new registry, and explain why criminals the world over are gleeful about the new law.
- Who are the five types of financial institutions that will have access to the registry?
- Limitations and preconditions to that access?
- Which companies are required to report their ownership and which are not?
- Why ownership information in the new registry is treated like PII – personally identifiable information – and why the implications are far-reaching in terms of access to the data as well as penalties?