Corporate Transparency Act: How to Comply with New Federal Reporting Law on Beneficial Ownership

• 1:00PM - 1:30PM • Workshop Room 3

Effective January 1, 2024, a new law requires many companies doing business in the United States to report information to the U.S. government about who ultimately owns or controls them.

Please join FinCEN, a bureau of the U.S. Treasury Department, to learn more about new beneficial ownership information reporting requirements, which companies will need to file, how to file, and where to find resources to simplify compliance.

Presented by:

Phil Lam Financial Crimes Enforcement Network

Phil Lam leads the effort to enhance transparency of corporate ownership for the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury. FinCEN safeguards the U.S. financial system by investigating money laundering, terrorism financing, and other financial crimes. With over 15 years of experience, Phil has worked as a management consultant, product development leader, and strategist. In 2013, he served on a White House initiative to promote trusted digital identities, where he led government investments in innovative technologies on strong authentication, identity verification, and privacy-preserving architectures. Phil holds a Bachelor of Scienc
Phil Lam leads the effort to enhance transparency of corporate ownership for the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury. FinCEN safeguards the U.S. financial system by investigating money laundering, terrorism financing, and other financial crimes. With over 15 years of experience, Phil has worked as a management consultant, product development leader, and strategist. In 2013, he served on a White House initiative to promote trusted digital identities, where he led government investments in innovative technologies on strong authentication, identity verification, and privacy-preserving architectures. Phil holds a Bachelor of Science in Computer Engineering from Northwestern University and an MBA from Purdue University.
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