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SECURITIES AND EXCHANGE COMMISSIONFORM 10KSB Annual and transition reports of small business issuers [Section 13 or 15(d), not SB Item 405]Filing Date: 20071221 | Period of Report: 20070930 SEC Accession
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Gather all relevant information regarding the changes or updates.
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The update on the CTA, or the Corporate Transparency Act, refers to a requirement for certain businesses to report their beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN).
Businesses that are classified as 'reporting companies' under the CTA, including most corporations, limited liability companies, and similar entities, are required to file the update.
To fill out an update on the CTA, businesses must provide specific details about their beneficial owners, including names, addresses, dates of birth, and unique identification numbers like Social Security Numbers or passport numbers.
The purpose of the update on the CTA is to enhance transparency in corporate ownership, combat money laundering, and prevent the use of anonymous shell companies for illicit activities.
The information that must be reported includes the full names, current addresses, dates of birth, and identification numbers of the beneficial owners of the company.
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