The U.S. Senate Committee on Banking, Housing, and Urban Affairs issued a release on 4 November 2021 regarding a letter sent to Treasury Secretary Yellen, urging the Secretary to act on implementing rules for the Corporate Transparency Act (CTA). The CTA was included as part of the National Defense Authorization Act for Fiscal Year 2021 (NDAA), which was enacted after a congressional override of a presidential veto on 1 January 2021. As part of the CTA, new requirements were introduced for companies to disclose information about their beneficial owners, with regulations for the requirements to be issued by 1 January...