Corporate Transparency Act
Corporate Transparency Act — US FinCEN BOI Reporting
The Corporate Transparency Act (CTA), enacted January 1, 2024, requires most US LLCs, corporations, and similar entities to report their beneficial ownership information (BOI) directly to FinCEN. Reporting companies must disclose the name, date of birth, address, and ID document of every beneficial owner (25%+ ownership or substantial control). Exemptions apply to large companies (20+ employees, $5M+ revenue, US office), SEC-registered entities, and regulated industries. The CTA is the US Congress's response to shell company abuse and aligns US AML standards with EU UBO registry requirements.
Verify European companies on Synta-IQ
Official registry data · Financials · Directors · Legal events — France, UK, Luxembourg and more.