Fincen Corporate Transparency Act 2024 Deadline. The bipartisan corporate transparency act, enacted in 2021 to curb illicit finance, requires many companies doing business in the united states to report information about the individuals who ultimately own or control them. In july 2024, fincen issued new faqs addressing reporting requirements for entities that ceased to exist prior to january 1, 2024, and for entities that existed on or after.

Many companies are required to report information to fincen about the individuals who ultimately own or control them. The deadline for compliance with the cta depends on the date a reporting company was formed: