Confronted with the steady increase in money laundering, trafficking, counterfeiting, securities fraud, tax fraud, and other malevolent schemes, Congress passed the Corporate Transparency Act (“CTA”). It assigned enforcement to the Financial Crimes Enforcement Network (FinCEN), the same department that for years has been involved in tracking large foreign accounts owned by U.S. citizens and residents. FinCEN issued final regulations in September 2022, and enforcement will begin on January 1, 2024.
MSI's NYC accounting member Gettry Marcus provides further insight.
New rules to govern all entities doing business in the United States. MSI's Denver law member Burns, Figa & Will provides an update on what businesses need to know about the new Corporate Transparency Act.
MSI's Adelaide law member Johnston Withers discusses lessons learnt from the recent High Court cases of Fairfax Media Publications Pty Ltd v Voller  HCA 27 and Google LLC v Defteros  HCA 27. The article was prepared by Caitlin Walkington and Richard Bradshaw.
MSI's Miami specialist member firm Diaz Trade Law is delighted to introduce a new practice area of Forced Labor Compliance. In this article Diaz Trade Law discusses what to do proactively to prevent forced labor from being used in your supply chain.
Inflation, rising gas prices, and global unrest continue to dominate the news. Economic uncertainty continues to grow, and the impact of these concerns runs deep, affecting individuals, families, and businesses alike. So what can businesses do in the face of so much uncertainty? MSI's Illinois law member Levenfeld Pearlstein provides further insight.*
The war in Ukraine has had a drastic impact on the country's economy. Yet, despite the war, Ukrainian businesses have partly adapted to the new circumstances and elaborated the development strategy. MSI's Ukraine law member DLF Attorneys-At-Law provides an update on current business opportunities in Ukraine.