The deadline for companies to comply with a federal law aimed at curtailing corruption and money laundering is fast approaching, but a new study from global compliance firm CSC says many in-house leaders do not feel prepared to handle its reporting requirements.
Eighty-three percent of the 200 general counsel, corporate secretaries and other senior in-house leaders surveyed by Corporation Services Co. said that they were concerned about their organization’s compliance with the Corporate Transparency Act, which took effect on Jan. 1.