Corporate Transparency Act 2024 Website Homepage. The goal of the cta is to address illicit activities, like money laundering and tax evasion, by gathering additional information about the ownership of specific entities operating in or engaging with the u.s. Initially passed in 2021, the cta.

The cta, which came into effect january 1, 2024, requires that certain domestic and foreign “reporting companies” doing business in the united states disclose information. The economic crime and corporate transparency act (2023) (‘the act’) will reform the role of companies house and improve transparency over uk companies and other legal.