Proposed Regulations Corporate Transparency Act. 19 January 2022

Host group
Host Left
Hosted by
STEP Mid Atlantic
Event Type
Web Event
Date
-

Date: Wednesday, January 19, 2022
Time: 12:00pm to 13:30pm (EST)

Program description:

The US Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) released proposed regulations on December 7, 2021, seeking to implement the 'beneficial ownership information' (BOI) requirement of the Corporate Transparency Act (CTA), which was passed by Congress as part of the Anti-Money Laundering Act of 2020 (AMLA 2020).

FinCEN expects that the proposed regulations will help address the lack of BOI that is 'critical for money laundering investigations,' bring the US into alignment with international anti-money laundering/combatting the financing of terrorism (AML/CFT) standards and clarify various ambiguities within the CTA. Our webinar will cover some of the key components of the Notice of Proposed Rulemaking (NPRM), to include:

  • who must file a report;
  • what constitutes beneficial ownership;
  • what information must be disclosed in a BOI report;
  • when must information be reported;
  • interpretive issues;
  • foreign reactions to the NPRM.

Moderator:

  • Alan Winston Granwell, Of Counsel, Holland & Knight LLP, Washington, DC

Presenters:

  • James Austen, Partner, Collyer Bristow, London, England
  • Severiano E. Ortiz, Kozusko Harris Duncan, Washington, DC
  • Bruce Zagaris, Partner, Berliner Corcoran & Rowe, Washington, DC
Cost group
Event Cost
Free to attend
Schedule
12.00 - 13.30 EST
Add to Calendar 2022-01-19 12:00:00 2022-01-19 13:30:00 Proposed Regulations Corporate Transparency Act. 19 January 2022 Date: Wednesday, January 19, 2022Time: 12:00pm to 13:30pm (EST)Program description: The US Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) released proposed regulations on December 7, 2021, seeking to implement the 'beneficial ownership information' (BOI) requirement of the Corporate Transparency Act (CTA), which was passed by Congress as part of the Anti-Money Laundering Act of 2020 (AMLA 2020). FinCEN expects that the proposed regulations will help address the lack of BOI that is 'critical for money laundering investigations,' bring the US into alignment with international anti-money laundering/combatting the financing of terrorism (AML/CFT) standards and clarify various ambiguities within the CTA. Our webinar will cover some of the key components of the Notice of Proposed Rulemaking (NPRM), to include: who must file a report; what constitutes beneficial ownership; what information must be disclosed in a BOI report; when must information be reported; interpretive issues; foreign reactions to the NPRM. Moderator: Alan Winston Granwell, Of Counsel, Holland & Knight LLP, Washington, DC Presenters: James Austen, Partner, Collyer Bristow, London, England Severiano E. Ortiz, Kozusko Harris Duncan, Washington, DC Bruce Zagaris, Partner, Berliner Corcoran & Rowe, Washington, DC STEP Mid Atlantic STEP Mid Atlantic Europe/London public