Money Laundering

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

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

T2000px-US-FinancialCrimesEnforcementNetwork-Seal_svghe 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


The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced today that its aggressive efforts to combat money laundering in the luxury real estate market have been extended for an
Continue Reading Crackdown On Money Laundering In Luxury Real Estate Sector Extended for Another Six Months

The IRS released an advanced version of Revenue Procedure 2016-56 that requires three more countries – Israel, the Republic of Korea and Saint Lucia – to participate in the automatic
Continue Reading Israel, the Republic of Korea and Saint Lucia Will Now Provide IRS Information on Bank Interest paid to Nonresident Aliens


On Oct. 18, 2016, a federal judge sentenced a well-known Chicago restaurant owner to prison for carrying out an extensive scheme to avoid paying state sales tax collected from customers
Continue Reading Lessons from DOJ Prosecution of Tony Hu for Sales Tax Fraud

On November 30th, a federal district court in California entered an order authorizing the IRS to serve a John Doe Summons on Coinbase Inc. seeking information about U.S.
Continue Reading Court Authorizes IRS to Seek Identities of Bitcoin Users and Users of Other Virtual Currencies