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Jay Nanavati Participates In A Panel Entitled “The Corporate Transparency Act and Treasury’s New Beneficial Ownership Disclosure Rules: Potential Impacts on Financial Crimes Investigations and Tax Controversies” Hosted By Miller & Chevalier
April 26 @ 4:30 pm - 5:30 pm
On April 26, 2022, Jay Nanavati participates in a panel discussion entitled “The Corporate Transparency Act and Treasury’s New Beneficial Ownership Disclosure Rules: Potential Impacts on Financial Crimes Investigations and Tax Controversies” hosted by Miller & Chevalier.
Description: The U.S. Department of the Treasury (Treasury) is in the midst of a multi-stage rulemaking, implementing the Corporate Transparency Act of 2021 (CTA) and attempting to crack down on the use of U.S.-based companies to evade taxes, launder money, and commit fraud. Rules proposed thus far would require many entities to provide detailed reporting to Treasury on their beneficial ownership for the first time, and additional proposed rules will follow. Panelists discuss:
- The conditions giving rise to the CTA
- The provisions of the proposed rules
- The next steps in the rulemaking
- Related developments in federal law enforcement’s use of financial institution reporting
- Ramifications for criminal tax investigations, other white collar investigations and civil tax controversies.
- Dennis Kihm, Section Chief, Depository Institutions, Financial Crimes Enforcement Network (FinCEN)
- Melissa L. Wiley, Member, Caplin & Drysdale
- Jay R. Nanavati, Partner, Kostelanetz & Fink
- Ian Herbert, Counsel, Miller & Chevalier
This event is available to attend in-person, with a cocktail hour to follow, or remotely via Zoom. Please RSVP by 5:00 p.m. EDT on Friday, April 22, 2022.