Wolters Kluwer: Unlocking Insights for Better Ownership Reporting.

TLDR:

Wolters Kluwer has introduced two solutions to help companies comply with the new beneficial ownership information reporting requirements of the Corporate Transparency Act. The CTA requires companies to disclose who truly owns or controls them in an effort to prevent money laundering and other illicit activities. Wolters Kluwer has unveiled the CCH Axcess Beneficial Ownership solution for accounting firms, automating the filing process for large volumes of reports. For small businesses and law firms, Wolters Kluwer offers the Beneficial Ownership Platform to aid with filing and compliance.

Wolters Kluwer has launched two solutions to help companies comply with the beneficial ownership information reporting requirements of the Corporate Transparency Act. The solutions aim to prevent anonymous shell companies from engaging in illicit activities by identifying their true owners. The CCH Axcess Beneficial Ownership solution automates the reporting process for accounting firms that need to file large volumes of reports. The Beneficial Ownership Platform aids small businesses, law firms, and corporations with qualifying entities in filing and compliance. Wolters Kluwer also offers online resources such as a self-guided eligibility quiz and webinar presentations.