How does the “Accounting” for a Forgivable Loan received under the PPP work?
The PPP (Paycheck Protection Program) was established by Congress to assist small businesses during the Covid-19 pandemic as part of the $2 trillion CARES Act. Via the PPP, the U.S. Treasury requires the U.S. Small Business Administration (SBA) to fund
- Foodman website and JD Supra
No deje que el IRS llegue a Usted Primero
Los Contribuyentes Estadounidenses con activos e ingresos financieros extranjeros no declarados corren el riesgo de que el Gobierno determine si su conducta fue intencional o no intencional. La definición de conducta “intencional” o “no intencional” del Contribuyente hace una gran
- Foodman website and JD Supra
Las Instituciones Financieras ya no Pueden Permitirse Sub-Financiar la Contratación y la Capacitación del Cumplimiento
La pandemia del Covid-19 y la reducción de la actividad económica que la acompaña ha sido una justificación para que las Instituciones Financieras (IF) vuelvan a analizar sus presupuestos para la capacitación y educación sobre el cumplimiento. Las IF, así
- Foodman website and JD Supra
OFAC no es parte de la BSA, pero la Convergencia está Ocurriendo
El 15 de abril de 2020, los miembros del Consejo de Examen de Instituciones Financieras Federales (“FFIEC”) publicaron secciones actualizadas y procedimientos de examen relacionados con el Manual de Examen de la Ley de Secreto Bancario / Antilavado de Dinero
- Foodman website and JD Supra
El FATF identifica las Amenazas de Lavado de Dinero derivadas de la Crisis del Covid-19
En mayo del 2020, el FATF (GAFI) publicó nuevas amenazas y vulnerabilidades de lavado de dinero y financiamiento del terrorismo derivadas de la crisis COVID-19. El documento destaca cómo el fraude, el cibercrimen, la mala dirección de los fondos del
- Foodman website and JD Supra
The FATF identifies Money Laundering Threats arising from the Covid-19 Crisis
On May, 2020, the FATF published new money laundering and terrorist financing threats and vulnerabilities arising from the COVID-19 crisis. The document highlights how fraud, cybercrime, misdirection of government funding and international financial assistance are opening the way for illicit
- Foodman website and JD Supra
FCPA Compliance Report-Episode 482 – Stanley Foodman on the Travel Act and FCPA
Thomas Fox has practiced law in Houston for 30 years. He is an Independent Consultant, assisting companies with anti-corruption and anti-bribery compliance and international transaction issues. He specializes in bring business solutions to compliance problems. In the Episode, I am
- fcpacompliancereport.com
The “Affidavit” in the IRS Streamlined Filing Compliance Procedures is a Key Component
Streamlined Filing Compliance Procedures (Streamlined) is one of the options available for US Taxpayers with unreported foreign financial assets and income. The intention of the program is to provide non-willful uncompliant Taxpayers with a less stressful path toward recovering compliant
- Foodman website and JD Supra
The OVDP is now the VDP
There was and IRS termination of the Offshore Voluntary Disclosure Program (OVDP) on September 28, 2018. On November 20, 2018, following the OVDP notice of termination, there was a release of a Memorandum announcing the Voluntary Disclosure Practice. On May
- Foodman website and JD Supra
What is new in the DOJ Updated Corporate Compliance Program Evaluation Guidance?
On June 1, 2020, the Department of Justice (DOJ) Criminal Division published an update to the U.S. Department of Justice Criminal Division Evaluation of Corporate Compliance Programs. The Corporate Compliance Evaluation Guideline assists prosecutors with making decisions regarding a corporation’s
- Foodman website and JD Supra
Forensic Accountants Should Be an Integral Component of PPP Loan Audits
The published goal of the Paycheck Protection Program (PPP) loan program is to assist small businesses to remain open during the Covid-19 crisis and to reduce the rate of unemployment. The loans provide a direct incentive for small businesses to
- Foodman website and JD Supra
Financial Institutions Can No Longer Afford to Underfund Compliance Hiring and Training
The Covid-19 Pandemic and the accompanying reduction in economic activity has been a rationale for Financial Institutions (FI) to re-analyze their budgets for compliance training and education. FIs, as well as businesses in other industries, are seeking to preserve liquidity
- Foodman website and JD Supra
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Latest Articles
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How does the “Accounting” for a Forgivable Loan received under the PPP work?
Blog | June 2020The PPP (Paycheck Protection Program) was established
-
No deje que el IRS llegue a Usted Primero
Blog | June 2020Los Contribuyentes Estadounidenses con activos e ingresos
-
Las Instituciones Financieras ya no Pueden Permitirse Sub-Financiar la Contratación y la Capacitación del Cumplimiento
Blog | June 2020La pandemia del Covid-19 y la reducción
-
OFAC no es parte de la BSA, pero la Convergencia está Ocurriendo
Blog | June 2020El 15 de abril de 2020, los
-
El FATF identifica las Amenazas de Lavado de Dinero derivadas de la Crisis del Covid-19
Blog | June 2020En mayo del 2020, el FATF (GAFI)
