Implications of the Corporate Transparency Act for US Special Purpose Vehicles, Wealth Structuring, and Other Arrangements

WHAT WE’LL COVER

The newly enacted Corporate Transparency Act (CTA) represents one of the most significant developments in US anti-money laundering efforts in recent years. Many US entities (and non-US entities registered to do business in the US) will now be required to report their beneficial owners to FinCEN, a unit of the US Treasury Department. The CTA will impact a wide range of practitioners as the law has clear implications for the broader corporate responsibility agenda and will add an additional layer of complexity to mergers and acquisitions, structured finance and other corporate transactions that use special purpose vehicles, as well as affect private wealth structures such as closely-held companies and other arrangements that have historically been used to achieve various strategic and privacy objectives.

This presentation will cover the key features of the CTA, the entities that are covered by the new legislation (and those that are not), the implications of the CTA for transactions involving SPVs, wealth structuring and financial institutions, and questions that will need to be addressed in the implementing regulations or by practitioners.

* To access the recording of this course on the WealthCounsel member website, click here.

This webinar is included for Trusts & Estates, Business Law, and Practice Development Subscribers.

CLE:
1.0 credits
States Pre-Approved: AR, CA, ME, MO, NJ, NY, OH, OK, PA, TX, UT, VT (AK, AZ, CT, NH eligible to claim credit)
States Pending Approval: GA, IL, KS, NC, TN

CFP Pending

CPE:
Program Knowledge Level: Intermediate
Delivery Method: Group Internet-Based
Recommended CPE Credit: 1.0
Field of Study: Taxation
Prerequisites: JD
Advance Preparation: None
Review Date: 04/14/2021

WealthCounsel LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. NASBA Sponsor ID 108255. We have registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE program. Texas State Board Sponsor ID 9610.

In order to be awarded the full credit hours, you must be present during the entire program.

For information on refunds, concerns, and program cancellation policies, please contact our offices at 888-659-4069, ext 818 or memberservices@wealthcounsel.com.