Description:
The IRS’ Financial Crimes Enforcement Network (FinCEN) is tasked with the elimination of money laundering activity. Toward that end, FinCEN has regulations which require banks and other supervised financial institutions to identify their customers and report transactions deemed to be suspicious. Pursuant to the Corporate Transparency Act (CTA), FinCEN has now implemented regulations designed to identify individuals connected to the formation and operation of entities such as corporations, LLCs, and other state-registered businesses. The data collected will be used to further FinCEN’s money laundering deterrence efforts. The effective date for compliance is Jan. 1, 2024.
This course will explain the reach of the CTA, manner in which data is collected, use of this privileged information by FinCEN, and ethical issues faced by attorneys.
Accreditation:
This webinar is approved for 1.0 general credit, 0.5 ethics and 1.0 real estate and business ligitation certification credit with The Florida Bar and 1 hour of continuing education with NALA.
This seminar meets the requirements of the NALA certifying Board for continuing legal education credit required to maintain the CP (Certified Paralegal) credential.
The Florida Bar accreditation for this seminar will expire on December 31, 2024 and access to this seminar will not be available after that date.