Oh! ... the Corporate Transaprency Act (CTA) may be unconstitutional? More uncertainty, more waiting, more resources spent on an uncertain compliance requirements. Going to need some popcorn for this one... #corporatetransparencyact #AML #fraudprevention #congress #trustsandestates #MoneyLaundering #Fraud #sanctionscompliance
Private Clients, Trusts and Estates Partner and Co-Chair of Family Office Group at ArentFox Schiff LLP
In a decision filed last night by the United States District Court for the Northern District of Alabama, the Corporate Transparency Act was declared to be unconstitutional. It will be fascinating to see how this all plays out. https://lnkd.in/edZwEx5U