Introduction Often described as a cornerstone of American constitutional law, Gibbons v. Ogden (1824) established the federal government’s broad authority over interstate commerce, shaping the balance of power between state and federal governments. Argued before the U.S. Supreme Court at a time when America was still in its infancy, the case pitted two steamboat operators—and,…
The US Department of the Treasury announced on Sunday the suspension of the Corporate Transparency Act (CTA), a key anti-money laundering (AML) law. The move by the Treasury is part of an effort to narrow its scope to foreign reporting companies. The decision, which halts enforcement of beneficial ownership reporting requirements for domestic entities, has…