Participants Will Learn:

1. Purpose of the CTA and Its Relevance – Understanding the CTA’s role in improving financial transparency, reducing the misuse of anonymous entities, and complying with international anti-money laundering (AML) standards.
 
2. Defining Beneficial Ownership – Who qualifies as a "beneficial owner," including individuals who directly or indirectly own or control at least 25% of an entity, or hold substantial decision-making power.
 
3. Reporting Requirements for Small Businesses – Key reporting obligations, including what beneficial ownership information (BOI) is required, such as full names, birth dates, residential addresses, and a unique identifying number (like a passport or driver’s license number).

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4. Entities Required to Report – This includes most U.S.-based corporations, LLCs, and other similar entities, including startups and small businesses. Exceptions include publicly traded companies, regulated entities (like banks and credit unions), and inactive businesses.

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5. Penalties and Compliance Implications – Consequences for non-compliance, including fines and possible criminal penalties, plus how participants can ensure ongoing compliance with annual updates and changes in ownership or management.

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6. CTA’s Impact on Business Operations – How the CTA will influence record-keeping, entity structuring, and business transparency requirements going forward.

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This Masterclass will equip participants with actionable strategies to ensure compliance with the CTA, offering tools to structure their business with transparency and prevent costly penalties.