As the holiday season kicks into high gear, it’s not just festive deadlines you need to worry about—March 21, 2025, marks the ultimate Corporate Transparency Act (CTA) compliance deadline. While you may be busy decking the halls, have you ensured your organization is prepared to meet this critical reporting requirement with the Financial Crimes Enforcement Network (FinCEN)?
The CTA mandates that businesses report beneficial ownership information to FinCEN, enhancing transparency and preventing financial crimes. Failure to comply can lead to substantial penalties, including fines and potential legal consequences. Understanding the specifics of these requirements and taking proactive steps now will help your organization stay compliant and avoid last-minute stress.
Watch this webinar to unwrap the essentials of CTA compliance before the year’s end. Our expert-led session will cover:
- Who Needs to Report: Understanding which businesses are required to submit beneficial ownership information.
- What Information is Required: A breakdown of the data that needs to be provided to FinCEN.
- Key Deadlines and Updates: A timeline to ensure your organization meets all compliance milestones.
- Penalties for Non-Compliance: Insights into the risks and consequences of missing the reporting deadline.
- Best Practices for Compliance: Practical steps and resources to streamline the reporting process and ensure accuracy.
In the hustle and bustle of the holidays, critical tasks can easily slip through the cracks. This session will equip you with clear, actionable steps to ensure your organization stays on track and avoids any surprises for non-compliance. After all, the penalties for missing the deadline can be quite severe.
Don’t let compliance be an afterthought this holiday season. Prepare now, stay informed, and ensure your organization is ready for the January 1, 2025 deadline.
Last updated Feb 20, 2025
