Corporate Transparency Act

URI: https://gptkb.org/entity/Corporate_Transparency_Act
GPTKB entity
Statements (39)
Predicate Object
gptkbp:instanceOf gptkb:United_States_federal_law
gptkbp:abbreviation gptkb:CTA
gptkbp:administeredBy gptkb:Financial_Crimes_Enforcement_Network
gptkbp:amendedBy gptkb:Anti-Money_Laundering_Act_of_2020
gptkbp:appliesTo corporations
limited liability companies
other similar entities
gptkbp:appliesToEntitiesFormedAfter 2024-01-01
gptkbp:appliesToEntitiesFormedBefore 2024-01-01
gptkbp:beneficialOwnerDefinition individual who owns or controls at least 25% of the entity or exercises substantial control
gptkbp:codifiedIn gptkb:31_U.S.C._§_5336
gptkbp:dateEnacted gptkb:National_Defense_Authorization_Act_for_Fiscal_Year_2021
2021-01-01
gptkbp:enactedBy gptkb:United_States_Congress
gptkbp:excludes nonprofits
publicly traded companies
certain large operating companies
https://www.w3.org/2000/01/rdf-schema#label Corporate Transparency Act
gptkbp:informationRequired gptkb:given_name
gptkb:address
date of birth
unique identifying number from an acceptable identification document
gptkbp:penaltiesForNoncompliance criminal penalties
civil penalties
gptkbp:purpose combat money laundering
combat terrorist financing
increase corporate transparency
gptkbp:relatedTo gptkb:Bank_Secrecy_Act
gptkb:Financial_Crimes_Enforcement_Network
gptkb:Anti-Money_Laundering_Act_of_2020
gptkbp:reportingDeadlineForExistingEntities 2025-01-01
gptkbp:reportingDeadlineForNewEntities 30 days after formation
gptkbp:reportsTo gptkb:Financial_Crimes_Enforcement_Network
gptkbp:requires identification of beneficial owners
reporting of beneficial ownership information
gptkbp:signedBy gptkb:Donald_Trump
gptkbp:startDate 2024-01-01
gptkbp:bfsParent gptkb:National_Defense_Authorization_Act_for_Fiscal_Year_2021
gptkbp:bfsLayer 5