By Steve Kardell | Published March 15, 2021 | Posted in Graft and Corruption, New Legislation | Tagged Tags: Corporate Transparency Act, money laundering, shell companies |
A new law passed in Congress in December that will, for the very first time, require shell companies to provide the names of owners, or face jail time and/or stiff financial penalties. This information will be stored in confidential databases for federal law enforcement officials, and will be shared with banks to prevent them from Read More
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