Congress passed the Corporate Transparency Act (CTA) in 2021, creating a new beneficial ownership information (BOI) reporting requirement intended to make it more difficult for bad actors to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures. Beneficial ownership information will be reported to the Financial Crimes Enforcement Network (FinCEN). Download our Beneficial Ownership Reporting FAQs resource to keep on hand and learn more about these new requirements.