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Attention small businesses.
The Corporate Transparency Act (CTA) went into effect on January 1, 2024, to help "prosecute and deter money laundering," to "deter tax fraud," and to deter the peaceful operation of small businesses whose owners don't have time to stay current on every new complex regulation.
Lawyer Lee Phillips said that CTA requires companies to file new sets of paperwork with the Financial Crimes Enforcement Network (“FinCEN”) and are essentially being investigated for a crime. Reporting is mandatory. Failure to comply with CTA carries a maximum fine of $500 per day up to $10,000 and criminal penalties, including up to two years in prison.
Simon Black says small businesses are targeted while large, publicly traded companies are specifically exempt from reporting under the CTA. So are hedge funds, banks, and other large financial entities. Heads-up, small business owners.
As plague hysteria begins spreading across headlines around the world, there is one detail almost nobody is talking about: governments and military biodefense programs have already poured major resources into developing dozens of plague vaccines.
More than 21 plague-vaccine candidates are under development, spanning mRNA, self-amplifying RNA, recombinant protein, viral-vector, live-attenuated and other technologies.
--- Nicholas Hulscher
