The Justice Department’s Tax Division has recently announced a major policy shift that will invariably result in longer jail sentences for individuals convicted of failing to report their offshore bank
Continue Reading Offshore Accountholders Beware: New DOJ Sentencing Policy for FBAR Cases Is a Game-Changer
U.S. Department of Justice (USDOJ)
With Tax Season Fast Approaching, IRS Secures Guilty Plea in High-Profile Tax Case Involving Reality TV Star “The Situation”
The Internal Revenue Service has announced that the nation’s tax season will begin on Monday, January 29, 2018. As is typically the case, the annual opening of tax season is…
Continue Reading With Tax Season Fast Approaching, IRS Secures Guilty Plea in High-Profile Tax Case Involving Reality TV Star “The Situation”
Justice Department Revises FCPA Corporate Enforcement Policy
Our colleague Ryan Becker reports that the Foreign Corrupt Practices Act is alive and well and remains a top enforcement priority for the new administration. In an article published today,…
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On Eve of “Paradise Papers” Release, At-Risk Individuals Should Consider Immediate Action to Mitigate Potential for Criminal Prosecution
Tomorrow morning (November 17) the International Consortium of Investigative Journalists (ICIJ) is set to release publicly the first set of comprehensive data from the recent “Paradise Papers” leak. The initial…
Continue Reading On Eve of “Paradise Papers” Release, At-Risk Individuals Should Consider Immediate Action to Mitigate Potential for Criminal Prosecution
DOJ Offshore Bank Resolution Offers Cooperation Road Map
August 29, 2017 – Law360
The U.S. Department of Justice revealed its latest offshore bank resolution by announcing that it had entered into a nonprosecution agreement with a Swiss asset
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Justice Department’s Latest Offshore Bank Resolution Confirms Value of Self-Disclosure and Voluntary Remediation by At-Risk Foreign Institutions
The Justice Department revealed its latest offshore bank resolution by announcing that it had entered into a non-prosecution agreement with a Swiss asset management firm called Prime Partners. This means…
DOJ’s Prosecution of Health Care Exec Illustrates Unique Intersection of Securities & Employment Tax Fraud Schemes
In a recent criminal prosecution of a medical doctor/entrepreneur for defrauding his company’s shareholders, the government employed a novel theory of securities fraud premised, in part, upon the defendant’s failure…
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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
On the Eve of Tax Day, Justice Department Warns That Tax Evaders Will Face Prison Time
With only four days remaining until “Tax Day,” the Justice Department’s well-publicized campaign to deter potential tax evaders continues with more stern warnings to taxpayers. In a bleak press release …
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As Tax Day Approaches, Justice Department and IRS Turn Up Heat on Potential Tax Cheats
With less than two weeks until the April 18 deadline for filing individual federal income tax returns, the Justice Department and Internal Revenue Service are issuing stern warnings to…
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