Corporate Transparency Act 2024 Hoa. The corporate transparency act (“cta”) was originally enacted in 2021 for the purpose of preventing money laundering, tax fraud, and other similar activities, by requiring. The bipartisan corporate transparency act, enacted in 2021 to curb illicit finance, requires many companies doing business in the united states to report information about the individuals who ultimately own or control them.

Congress in 2021 enacted the corporate transparency act, a law designed to help law enforcement and intelligence agencies catch. The corporate transparency act aims to create an easily accessible national database of all corporate beneficial owners.