Over at the In The Weeds blog (which explores developments in cannabis law and business), Melissa T. Sanders writes about the recent publication by the Treasury Department’s Financial Crimes Enforcement
Continue Reading FinCEN Issues Marijuana Banking Update
In Securities Fraud Case, Prosecutors Allege Novel Money Laundering Scheme to Circumvent FATCA Reporting Obligations
The U.S. Attorney’s Office for the Eastern District of New York has charged four individuals with securities fraud conspiracy for their involvement in fraudulently manipulating the stock of a U.S.
Continue Reading In Securities Fraud Case, Prosecutors Allege Novel Money Laundering Scheme to Circumvent FATCA Reporting Obligations
Three More Countries Will Now Provide IRS Information on Bank Interest paid to Nonresident Aliens
The IRS recently released Revenue Procedure 2017-31 which adds Belgium, Columbia and Portugal to the list of participates in the automatic exchange of information on bank interest paid to nonresident
Continue Reading Three More Countries Will Now Provide IRS Information on Bank Interest paid to Nonresident Aliens
FinCEN Reveals That Geographic Targeting Orders Are Generating Meaningful Intelligence Leading to Money Laundering Prosecutions
In a press release touting recent law enforcement success stories based upon Bank Secrecy Act reporting by financial institutions, the Treasury Department’s Financial Crimes Enforcement Network revealed publicly for the
Continue Reading FinCEN Reveals That Geographic Targeting Orders Are Generating Meaningful Intelligence Leading to Money Laundering Prosecutions
FinCEN and OCC Impose $7 Million Penalty on California Bank for “Egregious” Anti-Money Laundering Violations
The Financial Crimes Enforcement Network (FinCEN) and Office of the Comptroller of the Currency (OCC) yesterday announced the assessment of a $7 million civil money penalty against Merchants Bank
Continue Reading FinCEN and OCC Impose $7 Million Penalty on California Bank for “Egregious” Anti-Money Laundering Violations