Justice Department Appeals Corporate Transparency Act Ruling (1)

The US government appealed a district court ruling that the anti-money laundering Corporate Transparency Act is unconstitutional, setting the stage for what could be a lengthy appeals process.

The Department of Justice sent a notice of appeal Monday on behalf of the Treasury Department to take the case to the 11th Circuit Court of Appeals.

US District Court for the Northern District of Alabama Judge Liles Burke ruled March 1 that the law requiring businesses to report their “beneficial ownership” to Treasury is unconstitutional. The suit against the CTA was brought by the National Small Business Association against Treasury, and ...