The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced today that it has launched a new Global Investigations Division (GID), which will be responsible for implementing targeted investigation strategies to
Continue Reading FinCEN Unveils New Global Investigations Division to Target Foreign Money Laundering Threats
FinCEN Unveils New Efforts to Combat Widespread Business Email Compromise Fraud Scams As Losses Reach $300 Million Per Month
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has announced new efforts to crack down on Business Email Compromise (BEC) schemes and those who profit from such scams. BEC fraud
Continue Reading FinCEN Unveils New Efforts to Combat Widespread Business Email Compromise Fraud Scams As Losses Reach $300 Million Per Month
Fox Rothschild Attorneys to Speak at Federal Bar Association’s 2019 Tax Law Conference
Fox attorneys Ian M. Comisky and Matthew D. Lee will be speaking on criminal tax enforcement panels at the Federal Bar Association’s 2019 Tax Law Conference to be held on
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Hot Topics in Tax and Money Laundering Viewed Through the Lens of United States v. Paul Manafort
On November 16, 2018, Matthew D. Lee will moderate a panel at the annual White Collar Practice seminar sponsored by the Pennsylvania Association of Criminal Defense Lawyers. With the Special
FinCEN Quietly Extends Real Estate Geographic Targeting Orders for Another Six Months
Breaking from its recent practice of making public announcements about Geographic Targeting Orders, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) last month quietly extended its real estate GTOs for
Continue Reading FinCEN Quietly Extends Real Estate Geographic Targeting Orders for Another Six Months
Treasury Official Warns of Risks to Financial System Posed by Illicit Use of Virtual Currencies
In a recent speech, the Under Secretary of Treasury’s Office of Terrorism and Financial Intelligence (TFI) warned of the growing threats to the U.S. financial system posed by virtual
Continue Reading Treasury Official Warns of Risks to Financial System Posed by Illicit Use of Virtual Currencies
Professional Racecar Driver, Convicted of Payday Lending Fraud in New York, Now Faces Tax Charges in Kansas Along With His Accountant
Barely two months after being convicted of running a billion dollar illegal payday lending enterprise, professional racecar driver Scott Tucker was indicted today by a grand jury on federal charges
Transnational Criminal Organizations Increasingly Using Bitcoin as Money Laundering Vehicle
In its recently-published 2017 National Drug Threat Assessment (NDTA), the Drug Enforcement Administration reports that drug trafficking organizations are turning to Bitcoin and other virtual currencies to enable easy transfer
Continue Reading Transnational Criminal Organizations Increasingly Using Bitcoin as Money Laundering Vehicle
FinCEN Warns U.S. Financial Institutions of Venezuelan Money Laundering Threat
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has issued an advisory to alert financial institutions of widespread public corruption in Venezuela and the methods Venezuelan senior political figures and
Continue Reading FinCEN Warns U.S. Financial Institutions of Venezuelan Money Laundering Threat
FinCEN’s Revised GTOs Expand Real Estate Money Laundering Crackdown to Hawaii, Close “Wire Transfer” Loophole
This article is Part I of a series in which we address the U.S. government’s attempts to combat money laundering in real estate transactions.
This week the Treasury Department’s Financial
Continue Reading FinCEN’s Revised GTOs Expand Real Estate Money Laundering Crackdown to Hawaii, Close “Wire Transfer” Loophole