Beginning January 1, 2024, certain types of entities incorporated or registered to do business in the United States are required to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN), an office of the U.S. Department of the Treasury- of. The Corporate Transparency Act (CTA), passed in 2021 as part of the Anti-Money Laundering Act of 2020, imposes this new requirement in an effort to combat corruption, tax evasion, fraud, drug trafficking and money laundering.