News

U.S. officials announced Sunday that they will no longer enforce the Corporate Transparency Act against U.S. legal entities in a move that arguably represents the most consequential rollback of rules against illicit finance by the second Trump administration to date. The CTA, which Congress enacted in the waning days of President Donald Trump's first term in office, would have required tens of millions of limited liability companies, or LLCs, limited partnerships and other U.S.-formed entities to provide the names, birthdates and other details of anyone who controls them or owns at least 25 percent of their shares to the Treasury...