Are Forensic Accountants an Attorney’s Silver Bullet?

January 2017

From the art of interviewing, to recognizing mathematical irregularities, and following the money, Forensic Accountants are a proven invaluable tool for Attorneys and their clients. “Finding” the money combines the skill set of a financial investigator with the experience of

  • JD Supra

FBI Is Focused On Professional Service Providers

January 2017

James C. Barnacle, Chief of the Money Laundering Unit in the Financial Crimes Section, Criminal Investigation Division, of the FBI recently stated that there is a RENEWED emphasis on investigations targeting “ money laundering” middlemen, also known as third-party facilitators.

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¿Sabe usted el propósito de los Procedimientos de Presentación de Cumplimiento Racionalizados?

December 2016

Procedimientos Racionalizados de Presentación de Cumplimiento (Streamlined Filing Compliance Procedures) es una de las opciones disponibles para los contribuyentes Estadounidenses con activos e ingresos financieros extranjeros no autoreportados. Está destinado a los contribuyentes que han actuado no-intencionalmente. El Proceso está

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Do you know the purpose of the Streamlined Filing Compliance Procedures?

December 2016

Streamlined Filing Compliance Procedures (Streamlined) is one of the options available for US Taxpayers with unreported foreign financial assets and income. It is intended for the Taxpayers that have acted non-willfully. The Streamlined process is available to US individual Taxpayers

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¿Sabe usted por qué y cómo entrar en el Programa de Divulgación Voluntaria de Cuentas en el Extranjero (OVDP)?

December 2016

A través del Programa de Divulgación Voluntaria de Cuentas en el Extranjero (OVDP – Offshore Voluntary Disclosure Program), el IRS permite a los Contribuyentes que no están en cumplimiento intentionalmente revelar las cuentas en el extranjero no declaradas y los

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Do you know why and how to make an Offshore Voluntary Disclosure?

December 2016

Through its Offshore Voluntary Disclosure Program (OVDP), IRS permits noncompliant taxpayers to disclose Willfully unreported offshore accounts and related income. The “key” word for OVDP is Willful. Unlike the Streamlined Filing Compliance Procedures, program which is intended for Taxpayers that

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Cuando FATCA y los Programas de Amnistía Fiscal se cruzan, ¿será demasiado tarde para los contribuyentes Estadounidenses?

December 2016

Instituciones Financieras extranjeras (FFIs) y las autoridades fiscales de los países anfitriones le han proporcionado al IRS con una segunda ronda de informes de información sobre cuentas financieras mantenidas por los contribuyentes Estadounidenses. Este intercambio de información es automatizado y

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When FATCA and Tax Amnesty Programs intersect, will it be too late for US Taxpayers?

December 2016

Foreign Financial Institutions (FFIs) and host country tax authorities have provided IRS with a second round of information reports on financial accounts held by US Taxpayers. This exchange of information is automated and standardized among Government Tax Authorities and IRS,

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Asset misappropriation – investigating people and money?

November 2016

Forensic accounting has been described as an “art and science” that investigates people and money. Forensic accountants are known for tracing funds (following the money), uncovering hidden assets and educating involved parties as to potential damages. In simple words, a

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Are Cyber Thieves Compromising E-Mail? .. YES!

November 2016

Recently FinCEN issued Advisory (FIN-2016-A003) regarding e-mail compromise schemes that defraud Financial Institutions by deceiving them into conducting wire transfers that result in misappropriated customers funds.  The cyber-criminals are “impersonating” victims, and submitting what seem to be legitimate wire transfers

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Do you have a FRAUD CHECKUP LIST?

November 2016

Managing fraud risk proactively is imperative in today’s transparent world.   It is not only about protecting against financial losses commonly associated with fraud.  It is also about surviving reputational risk.  An example of reputational risk is the recent Wells Fargo

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