Harris Beach attorney Constantine P. Lizas recently spoke to the Rochester Business Journal about the Corporate Transparency Act, which requires companies to disclose their beneficial owners to the U.S. Treasury’s Financial Crimes Enforcement and is designed to help prevent money laundering and terrorism financing.
“The Corporate Transparency Act will make it harder for criminals to own entities to hide their illicit funds,” Lizas told the Business Journal.
Lizas, a member at Harris Beach’s Financial Institutions and Capital Markets team, was recognized by the publication for his “unique regulatory and litigation background as a former federal prosecutor with the U.S. Department of Justice and enforcement attorney with the Federal Deposit Insurance Corporation (FDIC).”
Lizas was featured in an article about small business owners and government regulations. Read more about what Constantine said about the Corporate Transparency Act, which takes effect Jan. 1, 2024