fraud fraude

Fraud is the Number One Crime in Money Laundering

March 2024

On February 2024, the U.S. Treasury released the 2024 National Money Laundering Risk Assessment (NMLRA) which examines the current money laundering environment and identifies the ways in which criminals and other actors seek to launder funds. The Assessment aims to:

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high-income Taxpayers contribuyentes de altos ingresos

High-Income Taxpayers Beware that IRS Actions Escalate if Tax Returns Aren’t Filed

March 2024

On 2/29/24, the IRS announced a new effort focused on high-income taxpayers who have failed to file federal income tax returns in more than 125,000 instances since 2017.  The mailings include more than 25,000 to those with more than $1

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FATF key actions GAFI Acciones Claves

FATF Key Actions February 2024

March 2024

On 2/23/24, the Financial Action Task Force (FATF), an independent inter-governmental entity that develops policies for protection of our global financial system from money laundering, terrorist financing and financing of weapons of mass destruction and considered to be the global

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BOI Beneficial ownership access safeguards BOI Acceso y Salvaguardas

BOI Access & Safeguards

February 2024

On 2/20/23, FinCEN published the Small Entity Compliance Guide for Beneficial Ownership Information Access and Safeguards Requirements.  The (six-pages and four sections)  BOI Access & Safeguards Guide  provides an overview of the Beneficial Ownership Information Access and Safeguards Rule (Access

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AML/CFT ALD/FT

AML/CFT coming to Investment Advisers

February 2024

On 2/15/24, FinCEN published a Notice of Proposed Rulemaking (NPRM) that would require certain investment advisers to apply AML/CFT requirements pursuant to the Bank Secrecy Act, including implementing risk-based AML/CFT programs, reporting suspicious activity to FinCEN, and fulfilling recordkeeping requirements. 

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real estate report reporte real estate

Real Estate Report from FinCEN

February 2024

On February 07, 2024, FinCEN issued a Notice of Proposed Rulemaking (NPRM) to combat and deter money laundering in the U.S. residential real estate sector by increasing transparency.  FinCEN is seeking to require certain professionals involved in the closing or

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1099-K Form Formulario 1099-K

Form 1099-K 2023 IRS Clarification

February 2024

On 2/6/24, the IRS released new and updated FAQs regarding Form 1099-K 2023 given that  on November 21, 2023 (via Notice 2023-74) the IRS announced that calendar year 2023 would also be a transition year for third party settlement organizations

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Tax preparer preparador de impuestos

Is Your 2023 Tax Preparer Asking You the Right Questions?

February 2024

Tax season is here and on 2/1/24, the IRS reminded Taxpayers to choose a 2023 Tax Preparer carefully when preparing their 2023 Taxes.  Taxpayers are ultimately legally responsible for all the information on their income tax return, regardless of who

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BOI de FinCEN Preguntas Frecuentes BOI de FinCEN

BOI Compliance/Enforcement for Reporting Companies

February 2024

Reporting companies are required to report information to FinCEN about the individuals who ultimately own or control them. FinCEN began accepting reports on January 1, 2024.  Reporting Companies have a significant obligation to understand and comply with the BOI reporting

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Digital Assets Activos Digitales

Digital Assets 2023 Form 1040

February 2024

On 1/22/24, the IRS reminded taxpayers that they must again answer the digital asset 2023 question on Forms 1040 and 1040-SR and report all digital asset related income when they file their 2023 federal income tax return, as they did

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2023 taxes impuestos 2023

2023 Taxes: Best to Get Ready Now

February 2024

Tax planning applies to everyone. On 1/22/24, IRS reminded all taxpayers to start getting ready to file their federal income tax return. Planning ahead can help taxpayers file an accurate return and avoid delays that can slow tax refunds.  Going

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Reporting Companies Empresa que reporta

Reporting Company gets clarity on FinCEN FAQ 1/12/24 update

February 2024

On 1/12/24, FinCEN once again updated FAQs relating to the Beneficial Ownership Information (BOI) Reporting Rule by adding ten new FAQs. On 1/4/24, FinCEN published additional BOI FAQ’s to include new information about reporting companies, beneficial owners, company applicants, reporting

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