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The Corporate Transparency Act (the “CTA”) is a federal law designed to address money laundering and corruption and requires reporting of business ownership information to the U.S. Department of the Treasury Financial Crimes Enforcement Network. While there have been lobbying efforts to remove community associations from the application of the CTA, the ultimate results of those efforts remain unknown while the deadline to file of January 1, 2025 draws ever closer risking significant penalties for non-compliance. What does it mean to comply with the CTA when you are a community association?
Attend this webinar and learn the essential elements of the CTA and what it is you need to know to ensure that you do not accidentally violate federal law.
Why Should You Attend?
Join our webinar to ensure you are prepared to meet BOI reporting requirements before the January 1, 2025, deadline. We'll review the basic BOI filing requirements and discuss misconceptions about the CTA, recent guidance from the Financial Crimes Enforcement Network, penalties for noncompliance, and ongoing compliance.
The webinar will conclude with an interactive Q&A session, giving you the opportunity to engage directly with our expert presenters.
Learning Objectives:
Session Highlights:
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