Corporate Transparency Act explained
In January 2021, US Congress waded into the fight against money laundering, passing the Corporate Transparency Act. The new legislation means US businesses have to file beneficial ownership information to the Financial Crime Enforcement Network, or FinCEN, making it tougher for criminals to hide money in shell companies.
But what does the CTA mean for financial services businesses with customers based in the US or incorporated in the US?
+ What needs to be done to update KYB processes?
+ How do risk models need to change?
+ And what technology can be used to support these change?
This Podcast is hosted by PassFort CEO, Donald Gillies.
About the Experts
Meredith thrives on analytically unpacking the complexities of financial crime typologies, international regulation and innovative controls. Meredith’s academic research and public sector background have added to her ability to take an intelligence-led approach to financial crime risk management that is data-driven and tailored specifically to each of our FinTech client’s needs. Every day Meredith strives to give our clients a better understanding of the constantly-evolving financial crime landscape and make sure they are best protected against emerging and pervasive threats.