TRACE hosts webinars on a variety of regulatory compliance topics on a monthly basis. Webinar recordings are available in the members-only Resource Center and can be used for ad hoc training or as part of a comprehensive global training program coupled with our eLearning. Select webinars are open to the public. Advanced training, available through TRACEpro, includes a selection of our recorded webinars.
Tuesday, 10 August 2021 | 1:00 PM ET (6:00 PM GMT+1)
Nearly two million corporations and limited liability companies are registered each year in the United States, at the state level. Tolerance of anonymous shell companies has long facilitated organized crime groups and foreign kleptocrats in the laundering of ill-gotten gains through the U.S. financial system.
Under The Corporate Transparency Act which came into effect in January of 2021, U.S.-registered companies will have to report to the government their real owners, rather than cite other corporate entities designed to conceal that information.
The law requires anyone registering a new company to disclose the name, address and date of birth of the real owners, and an identification number for each owner, such as a driver’s license or passport number. Corporations and LLCs that already existed before the law’s adoption must disclose their ownership information to the Treasury Department within two years.
Key topics to be discussed during this session will include:
• What the immediate effects of this law are for accountants and lawyers
• How concerns of wrongdoing should now be identified and reported
• How concerns of wrongdoing should be assessed and addressed
Corporate Ethics and Financial Crimes Expert
Member of the International Association of Independent Corporate Monitors
Mr. Tassé is an investigative and forensic accountant who has experience investigating and advising companies on alleged corruption, fraud, financial misconduct, and breach of fiduciary duty. As an Anti-Corruption Ethics and Compliance expert, he provides services as Independent Corporate Monitor and Independent Corporate Auditor.
An award-winning lecturer in the MBA program at the Telfer School of Management and in the Common Law Section at the University of Ottawa’s Faculty of Law, his current research focuses on the actual and potential effects of allegations of corruption and improper financial reporting on publicly traded companies’ market capitalization.