In remarks last week in Lexington, Kentucky, Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson spoke to common concerns about the implementation of the Corporate Transparency Act (CTA) which requires certain U.S. and foreign companies to report to FinCEN information about their beneficial owners:
"FinCEN is working around the clock to stand up this program in a way that allows you to understand your obligations, provides you the resources to meet them, and ensures the smallest possible burden on you.
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