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Death of CTA

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Manage episode 475728497 series 1440260
Content provided by Thomas Fox. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Thomas Fox or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. In this episode, Tom welcomes back Corporate Transparency Act expert and maven Jonathan Wilson for a look at how the Trump administration killed the Corporate Transparency Act (CTA).

In March, the Treasury Secretary announced that all domestic reporting companies would be exempt from filing Beneficial Ownership Information (BOI) reports, with only foreign reporting companies required to file. This obviously violates both the intent of the law and its plain language. Jonathan outlines the impact of this interim final rule, noting the loss of a critical tool for federal and state law enforcement and financial institutions. The pod explores the potential for legal challenges and the possible implications for ongoing constitutional lawsuits related to the Act.

Key highlights:

  • Unexpected Regulatory Changes
  • Implications of the New Rule
  • Potential Legal Challenges

Resources:

Jonathan Wilson on LinkedIn

FinCEN Report

Tom Fox

Instagram

Facebook

YouTube

Twitter

LinkedIn

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1557 episodes

Artwork

Death of CTA

FCPA Compliance Report

49 subscribers

published

iconShare
 
Manage episode 475728497 series 1440260
Content provided by Thomas Fox. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Thomas Fox or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. In this episode, Tom welcomes back Corporate Transparency Act expert and maven Jonathan Wilson for a look at how the Trump administration killed the Corporate Transparency Act (CTA).

In March, the Treasury Secretary announced that all domestic reporting companies would be exempt from filing Beneficial Ownership Information (BOI) reports, with only foreign reporting companies required to file. This obviously violates both the intent of the law and its plain language. Jonathan outlines the impact of this interim final rule, noting the loss of a critical tool for federal and state law enforcement and financial institutions. The pod explores the potential for legal challenges and the possible implications for ongoing constitutional lawsuits related to the Act.

Key highlights:

  • Unexpected Regulatory Changes
  • Implications of the New Rule
  • Potential Legal Challenges

Resources:

Jonathan Wilson on LinkedIn

FinCEN Report

Tom Fox

Instagram

Facebook

YouTube

Twitter

LinkedIn

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1557 episodes

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