![Democratic Representative Carolyn Maloney speaking at a congressional hearing, with an American flag in the background. Democratic Representative Carolyn Maloney speaking at a congressional hearing, with an American flag in the background.](https://www.lawcommentary.com/img/articles/e0lrKS7CGRhYgTGYgFYF4BEuU1YlishWMVONFZGz.png?fit=crop&fm=jpg&h=111&w=111&signature=01a21f09012b6a721124d0affa635394c786321c5edac2baf9fd5701a69c55f4)
The Corporate Transparency Act now requires shell companies to disclose ownership within a Federal database. Going forward, federal agencies will store proprietary information and share it with investors and banks. Democratic Representative Carolyn Maloney of New York first introduced the bill in 2010 as a means to combat money laundering.... Read More »