​​​​​​The Corporate Transparency Act (CTA) was enacted by Congress on January 1, 2021, as part of the National Defense Authorization Act. 

The CTA includes significant reforms to anti-money-laundering laws and is intended to help prevent and combat money laundering, terrorist financing, corruption, and tax fraud.  The CTA establishes Beneficial Ownership Information (BOI) reporting as a requirement for corporations, limited liability companies, and other similar entities formed or registered to do business in the United States. 

The Beneficial Ownership Information (BOI) reports are filed with the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of Treasury. ​​

For more information visit: https://sos.oregon.gov/business/Pages/corporate-transparency-act.aspx