Starting at the beginning of 2024, U.S. companies will have to report beneficial ownership information to the Financial Crimes Enforcement Network. The regulations governing beneficial ownership reporting can be complicated, particularly for companies with complex ownership structures, and the consequences for failing to report can be significant – even criminal.

This Course helps corporate executives and compliance officers understand the reporting obligations imposed upon reporting companies both in the U.S. and outside the U.S.

You will gain an understanding of what companies must report, what companies are exempt from reporting, and what constitutes beneficial ownership. The Course will go into detail on some of the complex questions created by the CTA, including what constitutes substantial control over a reporting company, and how companies should structure their compliance functions to best monitor their beneficial ownership and keep current on their reporting obligations.