On January 1, the United States Congress passed the Corporate Transparency Act (CTA) as part of the National Defense Authorization Act for Fiscal Year 2021. According to Transparency International, the act “requires businesses to provide ‘beneficial ownership’ information to the U.S. Department of [the] Treasury’s Financial Crimes Enforcement Network.”^[1] The CTA came about after a decade-long campaign by transparency advocates to make the formation of anonymous shell companies much harder to accomplish in the US—an effort that is part of the larger fight against money laundering.^[2]