Corporate Transparency Act

Corporate Transparency Act

Written by Taher Kameli & Chathan Vemuri The creation of anonymous shell corporate structures for illicit purposes such as money laundering, the sale of pirated and counterfeit goods, human trafficking, and the drug trade has been a source of great concern for the U.S. government.[1] These corporate structures are used to hide stolen assets and are without clearly identified owners, making it difficult to hold anyone to account.[2] A range of groups have called for legislation demanding transparency from newly formed reporting corporations to hinder the creation of these anonymous shell corporate

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