USA scores technical compliance upgrade on beneficial ownership in latest FATF report

The Corporate Transparency Act (CTA), effective 1 January 2024, is enough to have earned the United States of America a 'largely compliant' rating on technical compliance with Recommendation 24 - 'Transparency and beneficial ownership of legal persons' - by the Financial Action Task Force (FATF).

The Corporate Transparency Act (CTA), effective 1 January 2024, is enough to have earned the United States of America a 'largely compliant' rating on technical compliance with Recommendation 24 - 'Transparency and beneficial ownership of legal persons' - by the Financial Action Task Force (FATF).