Corporate Transparency Act 2024 Litigation. The corporate transparency act (“cta”), effective january 1, 2024, requires certain businesses to report certain information to the financial crimes enforcement network. One recent and powerful example is the corporate transparency act (cta), a federal law enacted in 2021 and effective as of january 1, 2024.

Entities existing before january 1, 2024, will have until january 1, 2025, to. The first such suit, filed in the.