Compliance Matters Archives - Page 40 of 50

Gatekeepers are under a lot of Stress!

August 2018

Gatekeepers are under a lot of Stress! was published by JD Supra on 8/22/18. The FATF is an independent inter-governmental entity that develops policies for protection of our global financial system from money laundering (AML), terrorist financing and financing of

JD Supra

What is a Virtual Currency Taxable event?

August 2018

What is a Virtual Currency Taxable event? was published by JD Supra on 8/22/18. There continues to be limited Virtual Currency (VC) guidance from the US Treasury and the IRS and VC investors ought to proceed cautiously. IRS continues to

JD Supra

Pasaportes Estadounidenses: Los Contribuyentes Deben Actuar Antes De Que El IRS Notifique Al Departamento De Estado

August 2018

Pasaportes Estadounidenses: Los Contribuyentes Deben Actuar Antes De Que El IRS Notifique Al Departamento De Estado was published by JD Supra on 8/7/18. Los contribuyentes Estadounidenses que se presentan ante el IRS para acordar el pago de su deuda tributaria

JD Supra

US Passports: Taxpayers Should Act Before IRS Notifies The State Department

August 2018

US Passports: Taxpayers Should Act Before IRS Notifies The State Department was published by JD Supra on 8/7/18. US Taxpayers that come forward to the IRS to arrange payment of their seriously delinquent tax debt before the IRS notifies the

JD Supra

AICPA steps up to IRS to recommend that IRS provide Virtual Currency Clarity

July 2018

AICPA steps up to IRS to recommend that IRS provide Virtual Currency Clarity was published by JD Supra on 7/31/18. On 5/30/18, the American Institute of CPAs (AICPA) sent a letter (https://www.aicpa.org/content/dam/aicpa/advocacy/tax/downloadabledocuments/20180530-aicpa-comment-letter-on-notice-2014-21-virtual-currency.pdf) to the IRS presenting the AICPA’s updated recommendation to

JD Supra

Official Hope for the De-Risked?

July 2018

Official Hope for the De-Risked? was published by JD Supra on 7/25/18. Deficiencies in Anti-Money Laundering (AML) frameworks and policies have triggered a significant number of Financial Institutions (FIs) to de-risk. The FIs that de-risk as a solution to AML

JD Supra

When Bank Account Activity is not Consistent with the Customer’s Business

July 2018

When Bank Account Activity is not Consistent with the Customer’s Business was published by JD Supra on 7/25/18. According to the Bank Secrecy Act (BSA), the Financial Crimes Enforcement Network (FinCEN) states that the main focus for Financial Institution ought

JD Supra

¿Quién monitorea los “wallets” de las Monedas Virtuales?

July 2018

¿Quién monitorea los “wallets” de las Monedas Virtuales? was published by JD Supra on 7/13/18. Los inversionistas de la Moneda Virtual (MV) utilizan los servicios de plataformas en línea “seguros” para comprar, vender, transferir y almacenar la MV. Los proveedores

JD Supra

Should Law Firms accept Virtual Currency? Only if they immediately convert to USD!

July 2018

Should Law Firms accept Virtual Currency? Only if they immediately convert to USD! was published by JD Supra on 7/10/18. Law Firms, like other businesses, want to be able to offer more services to more clients expanding; the scope of

JD Supra

Are You Confused with Virtual Currency?

June 2018

Are You Confused with Virtual Currency? was published by JD Supra on 6/26/18. The ins and outs of virtual currency (VC) continue to challenge those who received VC for services rendered, accepted it for goods sold, bought it for investment

JD Supra

If my Virtual Currency is walking around with me, is it reportable?

June 2018

If my Virtual Currency is walking around with me, is it reportable? – JD Supra 7/19/18. Virtual Currency (VC) storage comes in the form of a “wallet” with private digital keys. The “wallets” can be domiciled in VC exchanges that

JD Supra

Who will have the last word with Virtual Currency? IRS, FinCEN, SEC, OFAC or the CFTC?

May 2018

Who will have the last word with Virtual Currency? IRS, FinCEN, SEC, OFAC or the CFTC? was published by JD Supra on 5/15/18. Virtual Currency (VC) investors are currently investing without clarity regarding which Government Agency(s) has the final word