Financial Crimes & Shell Games: The Impact of Beneficial Ownership Reporting
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BOI filing, Corporate Transparency Act, TD Bank, money laundering, financial crimes, beneficial ownership, legal challenges, compliance, entrepreneurship, business regulations
Summary
In this episode, Dalton Anderson discusses the upcoming Beneficial Ownership Information (BOI) filing required under the Corporate Transparency Act (CTA), the implications of TD Bank's recent money laundering scandal, and the legal challenges surrounding the CTA. He explains the concept of beneficial ownership, the filing process, and the potential penalties for non-compliance. The episode also covers the exemptions to the filing requirement and the ongoing legal battles that may affect the implementation of the CTA.
Sound Bites
"TD's recent money laundering scandal."
"There are 23 exemptions, who is exempt?"
"Texas deemed it was unconstitutional."
Chapters
00:00 Introduction to BOI Filing and Corporate Transparency Act
16:02 Understanding Beneficial Ownership
22:04 Corporate Transparency Act Overview
36:23 Conclusion and Future Topics
BOI filing, Corporate Transparency Act, TD Bank, money laundering, financial crimes, beneficial ownership, legal challenges, compliance, entrepreneurship, business regulations
Summary
In this episode, Dalton Anderson discusses the upcoming Beneficial Ownership Information (BOI) filing required under the Corporate Transparency Act (CTA), the implications of TD Bank's recent money laundering scandal, and the legal challenges surrounding the CTA. He explains the concept of beneficial ownership, the filing process, and the potential penalties for non-compliance. The episode also covers the exemptions to the filing requirement and the ongoing legal battles that may affect the implementation of the CTA.
Sound Bites
"TD's recent money laundering scandal."
"There are 23 exemptions, who is exempt?"
"Texas deemed it was unconstitutional."
Chapters
00:00 Introduction to BOI Filing and Corporate Transparency Act
16:02 Understanding Beneficial Ownership
22:04 Corporate Transparency Act Overview
36:23 Conclusion and Future Topics
Creators and Guests
