¿Es el FinCEN “Query” la Puerta de Entrada a la Convergencia?
FinCEN es una oficina del Departamento del Tesoro de los EE. UU. Su propósito principal es proteger el sistema financiero del uso ilícito, combatir el lavado de dinero y promover la seguridad nacional a través de la recopilación, análisis y
- Foodman website and JD Supra
Are Financial Institutions Creating a Corporate Governance Strategy to handle to End of Libor?
The London Interbank Offered Rate (LIBOR) expires at the end of 2021. Used since the early 1980s, LIBOR is the most referenced global short-term interest rate, and a “standard benchmark”. It is the pricing benchmark for an estimated $350 Trillion
- Foodman website and JD Supra
¿Tiene su Consultor Externo de FATCA la Experiencia para Interpretar el Complejo Código Fiscal de los EE.UU.?
Las Instituciones Financieras Extranjeras (FFI) tienen múltiples responsabilidades de cumplimiento de reportaje de FATCA y enfrentan la posibilidad de sanciones por no cumplir. Comprender e interpretar más de 1,000 páginas de regulaciones de FATCA requiere una comprensión subyacente de sus
- Foodman website and JD Supra
Treasury and IRS are Aiming to Provide Greater Clarity on International Tax Reporting
On July 14, 2020, the US Treasury Department and the IRS released a proposed redesigned partnership form for tax year 2021 (filing season 2022). The two proposed forms SCHEDULE K-2 (Form 1065) and Schedule K-3 (Form 1065) are designed to
- Foodman website and JD Supra
U.S. Financial Institutions and FATCA
Little is written regarding FATCA and U.S. Financial Institutions (FI). That said, U.S. Financial Institutions have FATCA responsibilities. In the absence of permitted exceptions, FATCA requires U.S. FIs that make payments of most types of U.S. source withholdable income to
- Foodman website and JD Supra
Does your Third-Party FATCA Consultant have the experience to interpret the complex US Tax Code?
Foreign Financial Institutions (FFIs) have multiple FATCA reporting compliance responsibilities and face the possibility of penalties for not complying. Understanding and interpreting more than 1,000 pages of FATCA regulations requires an underlying comprehension of their words (a new vocabulary) and
- 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
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 (VDP). On
- 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
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
¿Qué sucede si una FFI pierde su GIIN?
Para estar registrado en FATCA y exento de retención por parte de los agentes de retención de los Estados Unidos, una institución financiera extranjera (“FFI”) debe de tener un número de identificación de intermediario global (“GIIN”). Una institución financiera extranjera
- Foodman website and JD Supra
Search
Services
Related Articles
-
El Fraude es el Delito Número Uno en el Lavado de Dinero
Blog | March 2024En febrero de 2024, el Tesoro de
-
Fraud is the Number One Crime in Money Laundering
Blog | March 2024On February 2024, the U.S. Treasury released
-
Cuidado con las Estafas de Activos Digitales
Blog | January 2023Las estafas de activos digitales pueden ocurrir
-
-
El Fraude Ocupacional es el Delito Financiero más Común
Blog | November 2022"El fraude ocupacional es muy probablemente la