Dmitriy Smirnov
March 5, 2024
Anti-Money Laundering

In a blow to a law that some in the law enforcement community have hailed as the most significant anti-money laundering reform in decades, a federal district court in Alabama has ruled that the Corporate Transparency Act (“CTA”) is unconstitutional. Beginning in January of this year, the CTA requires qualifying companies, including foreign-registered entities doing business in the U.S., to