Crystal Clear: Understanding the Corporate Transparency Act
Elanit represents financial institutions, hedge funds, private equity funds and multinational corporations on complex over-the-counter derivatives and other synthetic financing transactions and secondary market and distressed debt trading.
Seetha Ramachandran is a partner in the Litigation Department, and a member of the White Collar and Asset Management Litigation practices.
On-Demand:June 14, 2023
$95.001 hour CLE
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The Corporate Transparency Act (“the Act”) requires a range of entities - primarily smaller, otherwise unregulated companies - to file a report with FinCEN detailing key beneficial ownership information. The Act also authorizes FinCEN to disclose this information to authorized government authorities and to financial institutions in certain circumstances.
This webinar will provide an overview of the new rules and explore some of the unanswered questions around the rules’ requirements, various exemptions, and broader implications for government investigations and enforcement.
Key topics to be discussed:
Overview of the CTA
Exemptions from the Reporting Requirement
Unanswered questions about “company applicants”, applicability to funds and other issues
Implications for government investigations and enforcement
Date: June 14, 2023
Elanit Snow | Proskauer
Elanit Snow is a senior counsel in the Corporate Department and a member of the Finance Group.
Elanit represents financial institutions, hedge funds, private equity funds and multinational corporations on complex over-the-counter derivatives and other synthetic financing transactions and secondary market and distressed debt trading. She represents clients in structuring and negotiating ISDA, MRA, GMRA, MSFTA, clearing, prime brokerage and other related documentation. Elanit advises clients on structuring bespoke transactions to gain synthetic leverage or to hedge exposure to key market risks. Elanit also advises clients on the legal, compliance and regulatory requirements of the Dodd-Frank Act applicable to derivatives transactions.
Elanit represents both buyers and sellers on a diverse range of transactions involving syndicated loans, bankruptcy claims and other distressed and illiquid assets.
Seetha Ramachandran | Proskauer
Seetha Ramachandran is a partner in the Litigation Department, and a member of the White Collar and Asset Management Litigation practices. An experienced trial and appellate lawyer, Seetha has conducted 10 criminal jury trials, argued 10 appeals before the U.S. Court of Appeals for the Second Circuit, and handled ancillary civil proceedings in forfeiture cases.
Seetha is a leading expert in anti-money laundering (AML), Bank Secrecy Act, economic sanctions and asset forfeiture matters. Her practice focuses on white collar and regulatory enforcement defense, internal investigations, and compliance counseling. She represents banks, broker dealers, hedge funds, private equity funds, online payment companies, and individual executives and officers in high stakes and sensitive matters. Seetha has deep experience representing institutions and individuals in financial penalty phase of criminal and regulatory matters, and is often retained to litigate forfeiture and restitution claims on behalf of victims and third parties in criminal cases, as well as handling these issues for individual defendants.
I. Overview of the CTA | 2:00pm – 2:10pm
II. Exemptions from the Reporting Requirement | 2:10pm – 2:20pm
III. Special Rules | 2:20pm – 2:35pm
IV. Unanswered questions about “company applicants”, applicability to funds and other issues | 2:35pm – 2:50pm
V. Implications for government investigations and enforcement | 2:50pm – 3:00pm