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WHAT HAPPENS
IF I MISS THE
DEADLINE?
There are penalties for failing to comply. A
person may be subject to civil and criminal
penalties for purposefully preventing a
company from filing its beneficial owner
information or for reporting incomplete
or false beneficial owner information.
Every situation is unique, and you should
seek legal counsel for CTA compliance
guidance. The law states that penalties for
non-compliance include:
• A fine of $500/day or up to $10,000.
• Criminal penalties of up to 2 years in jail.
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