Business owners, tax planners, and anyone who works with business entities should understand the new obligations they will face next year under the Corporate Transparency Act—the most significant anti-money-laundering legislation since the Patriot Act in 2001. In this podcast, Kerry Reeves, director of Wealth Strategies for Wilmington Trust Emerald Family Office & Advisory®, offers a brief overview of the new filing requirements that millions of entities will need to adopt as of January 1, 2024, and the potential financial and criminal penalties associated with non-compliance.