The Department of Justice (“DOJ”) has secured its first conviction ever under the Foreign Account Tax Compliance Act, or FATCA, through the guilty plea of Adrian Baron, a former executive of Loyal Bank Ltd., a bank with...more
9/18/2018
/ Banking Sector ,
Beneficial Owner ,
Broker-Dealer ,
Criminal Convictions ,
Criminal Prosecution ,
FATCA ,
Financial Transactions ,
Foreign Financial Accounts ,
Foreign Financial Institutions (FFI) ,
Indictments ,
Investment Management ,
Kickbacks ,
Money Laundering ,
Offshore Funds ,
Reporting Requirements ,
Securities Violations ,
Tax Evasion ,
Tax Fraud
The beleaguered law firm at the center of the international Panama Papers scandal – Mossack Fonseca – has announced that it is closing its doors. It offered no apologies....more
3/16/2018
/ Banking Sector ,
Beneficial Owner ,
Corruption ,
Criminal Investigations ,
Data Breach ,
Money Laundering ,
Mossack Fonseca ,
Offshore Funds ,
Panama Papers ,
Popular ,
Shell Corporations ,
Tax Haven ,
White Collar Crimes
Part II of the Analysis of the Combatting Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017 As we recently blogged, Senators Chuck Grassley (R-Iowa) and Diane Feinstein (D-California) introduced on May 25,...more