The act requires companies

The bipartisan Corporate Transparency Act (CTA), passed in 2021 during the first Trump administration, mandated the creation of the Beneficial Ownership Information Register (BOIR). The act requires companies to disclose their true owners to the United States Treasury Department to counter widespread misuse of anonymously owned, US-registered shell companies for money laundering and sanctions evasion. Implementing the BOIR will be vital for advancing the Trump administration’s top law enforcement and national security priorities. In particular, it will help disrupt Mexican cartels’ illicit financial networks and dent the profits of the individuals and organizations that fuel the fentanyl and human trafficking crises. สล็อตเว็บตรง