In just over 2 months every small business owner in America is required to be registered with the Federal Government’s Financial Crimes Enforcement Network (FinCEN). The Biden/Harris administration rolled out this unconstitutional law, known as the Corporate Transparency Act (CTA), on January 1st, 2024.
The CTA requires all small business owners in the United States, with revenue under 5 million and less than 20 full time employees to self- report to FinCEN, housed under the Department of Treasury.
According FinCEN’s website:
“FinCEN is a bureau of the U.S. Department of the Treasury. The Director of FinCEN is appointed by the Secretary of the Treasury and reports to the Treasury Under Secretary for Terrorism and Financial Intelligence. “
Your failure to report into this terrorism and intelligence database by January 1st, 2025 means that you will be subjected to fines of $591 per day and you could face a penalty of up to 2 years in federal prison. Small business owners in the United States could be jailed for up to 2 years for committing no crime, other than failing to turn over their personal, protected data to Big Brother.