Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance.
In this edition of the FCPA Compliance Report, Tom welcomes back Jonathan Wilson, one of the country’s top experts on the Corporate Transparency Act. We dissect the court decision in the case of the National Small Business Union, which invalidated the CTA and what it might mean for the law going forward.
Jonathan Wilson is a well-respected figure in corporate transparency and has established an impressive body of work around the Corporate Transparency Act. He is the founder of FinCEN Report, a company that helps businesses and others comply with the CTA.
Wilson’s perspective on the Act hinges on his understanding of its legal implications and practical considerations, warning companies that, despite a recent district court decision, they are still required to meet filing obligations. We take a deep dive into the court opinion, how it applied (or misapplied) US law and explain the need for continued compliance with the law.
Even with this court decision, Wilson’s advice is clear, companies must continue with compliance efforts and fulfill their reporting requirements, as delays will not alter the facts or obligations of the Act. The invalidation of the CTA is only applicable to the named plaintiff in the Northern District of Alabama so all others must continue to comply with the law.
Key Highlights:
- CTA Overturned—Is Interstate Commerce Affected?
- What is the US National Security Interest?
- Beneficial Owner Disclosure in Money Laundering
- Senate Ratification of International Treaties
- Navigating Legal Compliance in Competitive Business Environment
Resources:
Jonathan Wilson on LinkedIn
National Small Business Union decision
Tom Fox
For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.
