Will Bankers = Law Enforcers on 5/11/18?
Will Bankers = Law Enforcers on 5/11/18? – JD Supra. On May 2016, FinCEN issued a “Fifth Pillar” of Customer Due Diligence (CDD) calling it the “CDD Rule”, which currently takes effect on May 11, 2018. The CDD Rule applies to Covered Financial Institutions (federally regulated banks, federally insured credit unions, mutual funds, brokers or […]
Many are now looking for IRS Guidance on Virtual Currency
Many are now looking for IRS Guidance on Virtual Currency – JD Supra. Due to its unprecedented level of value appreciation, Bitcoin investors, consumers and businesses are looking for IRS Guidance. IRS recognizes that “virtual currency” may be used to pay for goods or services, or be held for investment; and that its sale exchange […]
