Samantha Alecozay on the Corporate Transparency Act

In this episode, Samantha Alecozay, a practicing faculty member at St. Mary’s University School of law, and the founding attorney of Alecozay Law Firm, PLLC, discusses her forthcoming article, “The Small Business Killer: How FinCEN Enforcement of the CTA Could Destroy the Last Bastion of the American Dream,” which will be published by the Lincoln Memorial University Law Review. In the meantime, it’s available to download on SSRN.Alecozay describes the Corporate Transparency Act, which came into effect on January 1, 2024. The CTA is meant to create a national database of owner information for certain business entities with the goal of combating money laundering. But, as Alecozay details, the law both fails to target the most likely culprits and applies to a vast array of innocent businessowners. Failure to provide the detailed information requested may result in civil penalties of nearly $600 per day, and only a small portion of the millions of businesses affected are aware of the law’s requirement. Alecozay addresses the challenges of enforcing such a broadly applicable statute, as well as the potential for significant damages and disruption to businessowners caught unawares by the CTA’s requirements.This episode was hosted by Michael L. Smith, Assistant Professor of Law at St. Mary’s University School of Law. Smith is on Twitter (or “X”) at @msmith750, and is on BlueSky at @msmith750@bksy.social. Hosted on Acast. See acast.com/privacy for more information.

Om Podcasten

Ipse Dixit is a podcast on legal scholarship. Each episode of Ipse Dixit features a different guest discussing their scholarship. The podcast also features several special series."From the Archives" consists historical recordings potentially of interest to legal scholars and lawyers."The Homicide Squad" consists of investigations of the true stories behind different murder ballads, as well as examples of how different musicians have interpreted the song over time."The Day Antitrust Died?" is co-hosted with Ramsi Woodcock, Assistant Professor of Law at the University of Kentucky College of Law, and consists of oral histories of the 1974 Airlie House Conference on antitrust law, a pivotal moment in the history of antitrust theory and policy.The hosts of Ipse Dixit are:Brian L. Frye, Spears-Gilbert Associate Professor of Law at the University of Kentucky College of LawLuce Nguyen, a student at Oberlin College and the co-founder of the Oberlin Policy Research Institute, an undergraduate public policy organization based at Oberlin CollegeMaybell Romero, Assistant Professor of Law at Northern Illinois University College of LawAntonia Eliason, Assistant Professor of Law at the University of Mississippi School of LawSaurabh Vishnubhakat, Associate Professor of Law at Texas A&M School of LawJohn Culhane, Professor of Law at Widener University Delaware Law SchoolBenjamin Edwards, Associate Professor of Law at the UNLV William S. Boyd School of LawMatthew Bruckner, Associate Professor of Law at Howard University School of LawComments and suggestions are always welcome at brianlfrye@gmail.com. You can follow the Ipse Dixit on Twitter at @IpseDixitPod. Hosted on Acast. See acast.com/privacy for more information.