The Unforeseen Dangers of the Corporate Transparency Act: Is Your Business at Risk?

The Corporate Transparency Act (CTA) has been touted by many as a step forward in the fight against illicit finance and money laundering. Yet, like many legislative endeavors, it is not without its potential pitfalls. This article aims to shed light on some of the unforeseen dangers of the CTA and help businesses determine if they are subject to its provisions.