The Corporate Transparency Act is now in place. The law, which is intended to help detect and prevent criminal money laundering and other forms of fraud, is going largely unnoticed by the agriculture community thus far. “It kicks in this year and so far every audience we’ve talked to is completely surprised to hear about it,” said Michael Pittman, executive director, National Agricultural Law. “The real kicker is that it does have penalties, including criminal penalties.” More information can be found online.
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