Corporate Transparency Act
E65821
The Corporate Transparency Act is a U.S. law that requires many companies to disclose their beneficial owners to the federal government to combat money laundering, terrorism financing, and other illicit financial activities.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Corporate Transparency Act canonical | 2 |
| Financial Crimes Enforcement Network beneficial ownership information database | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T526566 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Corporate Transparency Act Context triple: [National Defense Authorization Act for Fiscal Year 2021, hasComponent, Corporate Transparency Act]
-
A.
Bank Secrecy Act
The Bank Secrecy Act is a U.S. law that requires financial institutions to assist government agencies in detecting and preventing money laundering, terrorist financing, and other financial crimes.
-
B.
Anti-Money Laundering Act of 2020
The Anti-Money Laundering Act of 2020 is a major U.S. federal law that modernizes and strengthens the country’s anti-money laundering and counter-terrorist financing framework, expanding regulatory powers, reporting requirements, and enforcement tools.
-
C.
Sarbanes–Oxley Act of 2002
The Sarbanes–Oxley Act of 2002 is a U.S. federal law that established sweeping reforms to improve corporate governance, financial reporting, and auditor independence in response to major accounting scandals.
-
D.
PROTECT Act
The PROTECT Act is a U.S. federal law aimed primarily at strengthening protections for children against sexual exploitation, abuse, and abduction, including tougher penalties for related offenses.
-
E.
Government in the Sunshine Act
The Government in the Sunshine Act is a U.S. federal law that requires meetings of certain government agencies to be open and accessible to the public, promoting transparency and accountability in administrative decision-making.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Corporate Transparency Act Target entity description: The Corporate Transparency Act is a U.S. law that requires many companies to disclose their beneficial owners to the federal government to combat money laundering, terrorism financing, and other illicit financial activities.
-
A.
Bank Secrecy Act
The Bank Secrecy Act is a U.S. law that requires financial institutions to assist government agencies in detecting and preventing money laundering, terrorist financing, and other financial crimes.
-
B.
Anti-Money Laundering Act of 2020
The Anti-Money Laundering Act of 2020 is a major U.S. federal law that modernizes and strengthens the country’s anti-money laundering and counter-terrorist financing framework, expanding regulatory powers, reporting requirements, and enforcement tools.
-
C.
Sarbanes–Oxley Act of 2002
The Sarbanes–Oxley Act of 2002 is a U.S. federal law that established sweeping reforms to improve corporate governance, financial reporting, and auditor independence in response to major accounting scandals.
-
D.
PROTECT Act
The PROTECT Act is a U.S. federal law aimed primarily at strengthening protections for children against sexual exploitation, abuse, and abduction, including tougher penalties for related offenses.
-
E.
Government in the Sunshine Act
The Government in the Sunshine Act is a U.S. federal law that requires meetings of certain government agencies to be open and accessible to the public, promoting transparency and accountability in administrative decision-making.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal law
ⓘ
beneficial ownership transparency law ⓘ |
| accessRestrictedTo |
authorized government authorities
ⓘ
certain financial institutions for customer due diligence ⓘ |
| administeredBy |
Corporate Transparency Act
self-linksurface differs
ⓘ
surface form:
Financial Crimes Enforcement Network beneficial ownership information database
|
| appliesTo |
corporations
ⓘ
limited liability companies ⓘ similar entities created by filing with a secretary of state or similar office ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| dateSignedIntoLaw | 2021 ⓘ |
| defines |
applicant
ⓘ
beneficial owner ⓘ reporting company ⓘ |
| effectiveDate | January 1, 2024 ⓘ |
| enforcedBy |
Financial Crimes Enforcement Network
ⓘ
United States Department of the Treasury ⓘ
surface form:
U.S. Department of the Treasury
|
| exempts |
certain large operating companies
ⓘ
certain regulated financial institutions ⓘ certain tax-exempt entities ⓘ |
| informationReported |
current residential or business street address of beneficial owner
ⓘ
date of birth of beneficial owner ⓘ full legal name of beneficial owner ⓘ issuing jurisdiction of identification document ⓘ unique identifying number from an acceptable identification document ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
United States federal government
|
| legalBasis | Bank Secrecy Act framework ⓘ |
| legislativeBody | United States Congress ⓘ |
| partOf |
Anti-Money Laundering Act of 2020
ⓘ
National Defense Authorization Act for Fiscal Year 2021 ⓘ |
| penalty |
civil penalties for willful violation
ⓘ
criminal penalties for willful violation ⓘ potential fines ⓘ potential imprisonment ⓘ |
| primaryGoal |
combat money laundering
ⓘ
combat other illicit financial activities ⓘ combat terrorist financing ⓘ |
| purpose |
assist law enforcement in identifying the true owners of companies
ⓘ
enhance corporate transparency in the United States ⓘ protect the U.S. financial system from illicit use ⓘ |
| relatedTo |
anti-money laundering regulation in the United States
ⓘ
customer due diligence requirements for financial institutions ⓘ |
| requires |
beneficial ownership reports for existing entities within a specified transition period
ⓘ
initial beneficial ownership reports for new entities formed after the effective date ⓘ reporting of beneficial ownership information ⓘ reporting of individuals who directly or indirectly exercise substantial control over a reporting company ⓘ reporting of individuals who own or control a specified percentage of ownership interests ⓘ updated reports upon changes in beneficial ownership information ⓘ |
| shortName | CTA ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Corporate Transparency Act Description of subject: The Corporate Transparency Act is a U.S. law that requires many companies to disclose their beneficial owners to the federal government to combat money laundering, terrorism financing, and other illicit financial activities.
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.
National Defense Authorization Act for Fiscal Year 2021
→
hasComponent
→
Corporate Transparency Act
ⓘ
this entity surface form:
Financial Crimes Enforcement Network beneficial ownership information database