On February 24, 2021, Davis Polk partner Dan Stipano will speak at the American Bar Association’s “In the Know: Developments in Beneficial Ownership Reporting and Anti-Money Laundering Law” virtual event. Topics discussed will include the Corporate Transparency Act, adopted as Title LXIV (64) of the 2021 National Defense Authorization Act, including:

  • Who is affected by this newly passed legislation and the compliance requirements.
  • What qualifies as a “beneficial owner” of an entity and what is excluded.
  • What are the penalties for failure to file accurate information.
  • Who must file complete the filing and who is exempt.
  • What effect might this filing have on small business entity organic documents.
  • What potential ethical landmines should attorneys avoid.
  • How should you start preparing your clients for the BO filings.
  • What will be the timeline for the implementation of this legislation.

For more information, please visit the event website.

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