Small business lobby sues over money laundering transparency initiative, claiming ‘gross government overreach’
"The National Small Business Association argues that the new reporting rule violates the U.S. Constitution, saying it is unduly burdensome on small firms, violates privacy and free speech protections and infringes on states’ powers to govern businesses."
Wolters Kluwer CT Corporation Podcast Examines New Compliance Obligations Under the Corporate Transparency Act
"Small businesses in the U.S. and abroad are facing additional compliance challenges in the wake of new details published last month about pending obligations under the Corporate Transparency Act (CTA)...."
Islas Vírgenes Británicas no hará pública información de accionistas ni de beneficiarios finales en 2023
"El país es, desde hace tiempo, la jurisdicción líder en incorporación de sociedades offshore y una de las principales jurisdicciones para la incorporación de fondos de inversión, trusts y empresas prestadoras de servicios financieros de distinta clase."
Small business group sues over federal ownership database, cites concerns over sharing 'sensitive' info
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"...the National Small Business Association (NSBA) asserts that the regulation is unduly burdensome on small companies, violates privacy and free speech protections, and infringes on states’ powers to govern businesses."
Small Business Interest Group Challenges CTA’s Constitutionality
"...on November 15, 2022, the National Small Business Association (“NSBA”) filed a complaint (“Complaint”) challenging the reporting requirements set forth in the CTA and the accompanying regulations issued by the Financial Crimes Enforcement Network (“FinCEN”)."
Small Business Group Sues Treasury Department Over ‘Money Laundering Transparency Initiative’
"A small business lobbying group has sued the Treasury Department over asking more than 30 million small companies to share their owners’ details and those benefitted as an initiative to avoid the exploitation of anonymous shell firms."