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Tax Evasion
Thursday, March 16, 2017   (0 Comments - view/add)
Report roundup: EU calls U.S. a ‘secrecy haven,’ GAO highlights commercial owner opacity, and more »
By Brian Monroe bmonroe@acfcs.org March 16, 2017 This week’s Report Roundup has a common theme...
Thursday, February 11, 2016
For US to win beneficial ownership battle, federal laws, congressional support must trump fears »
By Brian Monroe bmonroe@acfcs.org February 11, 2016 Driven in part by growing media attention on the dubious...
Thursday, November 12, 2015
Five Ways to Find Ultimate Beneficial Ownership: Special report on open source methods »
Originally published by Christian Focacci  here  on October 20, 2015 in the TransparINT blog. Reprinted with...
Thursday, November 5, 2015   (0 Comments - view/add)
US now a top three purveyor of financial secrecy, overtaking Singapore, Cayman Islands: TJN report »
The United States, even as it doles out billion dollar penalties against entities for financial crime failures, is now vie...
Thursday, November 5, 2015
US now a top three purveyor of financial secrecy, overtaking Singapore, Cayman Islands: TJN report »
The United States, even as it doles out billion dollar penalties against entities for financial crime failures, is now vie...
Thursday, July 16, 2015
New FinCEN GTO puts more pressure on South Florida check cashers to sniff out fraudulent tax refunds »
The US Treasury agency responsible for orchestrating the country’s anti-money laundering framework has issued a regional o...
Thursday, July 16, 2015
New FinCEN GTO puts more pressure on South Florida check cashers to sniff out fraudulent tax refunds »
The US Treasury agency responsible for orchestrating the country’s anti-money laundering framework has issued a regional o...
Thursday, May 21, 2015
Beneficial ownership battles: here are the top ways to get beneficial ownership information »
In a world where following the money increasingly means following a thread back to a shady foreign shell company, it’s no...
Thursday, April 2, 2015
BSI Bank Penalty for Tax Violations Shows Need for Broad-based Financial Crime Compliance Programs »
The US government’s $211 million penalty against one of Switzerland’s largest and most senior private banks for aiding US...
Thursday, March 26, 2015
As US tax season approaches, IRS hoping to thwart surge in identity thieves filing false returns »
As the April 15 deadline to file taxes for fiscal year 2014 approaches, the persistent scourge of tax-refund fraud is &nbs...
Thursday, February 12, 2015
HSBC tax evasion records raise questions about bank compliance reform and the reality of financial t »
Anti-money laundering compliance experts say that within the financial institution’s universe of business segments, the pr...
Thursday, January 29, 2015
Historic EU Beneficial Ownership Initiatives Advance, but Public Access, Trust Issues Remain »
Two key European Union committees approved landmark beneficial ownership measures to largely eradicate corporate opacity,...
Thursday, December 18, 2014
Amid crackdown by states, auditors hold key to detecting sales tax cheats »
(Editor’s Note: this story is adapted from a piece that originally ran on the site of Sales Tax DataLINK , a software com...
Thursday, November 6, 2014
Global push for beneficial ownership transparency hits headwinds of political sparring »
This is the first in a four-part series analyzing the challenges and issues around beneficial ownership worldwide. Part on...
Thursday, October 30, 2014
FATF takes aim at beneficial ownership with new guidance, adding force to global transparency effort »
The leading international standard-setting organization for anti-money laundering policies and procedures took aim at one...
Wednesday, August 6, 2014   (0 Comments - view/add)
FinCEN’s proposed beneficial owner rules ease fears of financial institutions, but raise questions »
Just over two years ago, an anxious group of bankers, broker-dealers, law enforcement agents and trade association represe...
Tuesday, July 8, 2014
FATCA IGA Scoreboard – China and more than a dozen other nations join the roster »
A rush of intergovernmental agreements have been announced in the past few days, as over a dozen nations and jurisdictions...
Thursday, July 3, 2014   (0 Comments - view/add)
FATCA finally arrives, amid a flurry of regulatory changes, updates and new partner nations »
Financial institutions weren’t the only ones scrambling ahead of the July 1 effective date of the US Foreign Account Tax C...
Thursday, June 26, 2014
FATCA IGA Scoreboard – Saudi Arabia, Taiwan and Thailand join the list »
With four days left before FATCA’s start date, three more nations have consented to intergovernmental agreements to implem...
Friday, June 20, 2014
As Delaware mulls greater corporate transparency, US states confront ‘secrecy haven’ label »
The British Virgin Islands may have more appealing weather, and the Seychelles breathtaking scenery, but for tens of thous...
Friday, June 20, 2014
FATCA IGA Scoreboard – Belarus, Georgia, St. Lucia and Paraguay join the list »
A handful of nations consented to join with the US to implement the sweeping financial account reporting law of FATCA over...
Friday, June 6, 2014
FATCA IGA Scoreboard – Turkey, Turkmenistan and the Seychelles join the list »
Less than two weeks remain before the far-reaching Foreign Account Tax Compliance Act becomes effective, and although the...
Thursday, June 5, 2014
First IRS FATCA list of 77,000 financial institutions reveals successes »
The tiny Pacific island of Tonga had only one registrant, while the Cayman Islands had nearly 15,000. The African nation o...
Thursday, May 29, 2014
U.S. Treasury suspends FATCA talks with Russia »
(This ACFCS.org story is adapted from an article in the August 2014   International Enforcement Law Reporter...
Wednesday, May 7, 2014
IRS announces two-year ‘transition’ for FATCA enforcement, easing pressure but raising questions »
On May 2, compliance staff at more than 200,000 financial institutions worldwide likely breathed a collective sigh of reli...
Thursday, May 1, 2014
Why FATCA matters for AML officers – four key links between the US law and AML programs »
An intriguing phrase is written right at the start of the US law that would come to be known as the Foreign Account Tax Co...
Tuesday, April 29, 2014
ACFCS FATCA IGA Scoreboard – As deadline nears, five more nations join as partners »
The US Treasury added the Bahamas, Bulgaria, Colombia, Cyprus and Sweden to its list of FATCA partner nations over the pas...
Thursday, April 10, 2014
ACFCS FATCA IGA Scoreboard – India and the Slovak Republic join the roster »
The world’s second most populous nation joined with the US last week as a partner in the implementation of the Foreign Acc...
Wednesday, April 9, 2014
US swiftly adds 22 nations as FATCA ‘partners’ as seminal law keeps marching »
It took the US Treasury Department four years to enlist 26 nations to cooperate with the unprecedented 2010 Foreign Accoun...
Wednesday, April 2, 2014
IRS issues final FATCA reporting form for non-US institutions, but leaves lingering questions »
For many financial institutions, complying with the US Foreign Account Tax Compliance Act (FATCA) has meant taking two ste...
Wednesday, March 12, 2014
The ACFCS FATCA IGA Scoreboard – Chile and Finland bring tally to 24 »
With just four months left until the implementation of the Foreign Account Tax Compliance Act (FATCA), the United States i...
Wednesday, March 12, 2014
As FATCA zero hour nears, IRS issues key final forms, revised rules »
With only 110 days left before the effective start date of the Foreign Account Tax Compliance Act (FATCA), financial insti...
Wednesday, March 5, 2014
US Senate panel cites FATCA ‘loopholes,’ Swiss barriers to US tax enforcement »
At a hearing by the US Senate Permanent Subcommittee on Investigations last week, frustrated Senators skewered executives...
Tuesday, March 4, 2014
Growing duties, even before FATCA, put vital work of weakened IRS Criminal Investigation at risk »
Updated and revised March 6, 2014, 8:22 AM For the past six years, the US Internal Revenue Service Criminal Investiga...
Wednesday, February 26, 2014
Senate report on offshore tax evasion targets Credit Suisse, criticizes lax US enforcement »
Saying that Credit Suisse harbored billions in undisclosed assets for US tax evaders, a report on offshore tax evasion rel...

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