¿Retención FACTA errónea?
¿Qué sucede si un agente de retención de los EE. UU. de una institución financiera extranjera (FFI) aplica erróneamente una retención del capítulo 4 de FATCA del Código de Rentas Internas (IRC) del 30% a un pago a la FFI?
- Foodman website and JD Supra
Are Banks Implementing BSA Risk Based Adjustments related to COVID-19 circumstances?
The Office of the Comptroller of the Currency (OCC) Semiannual Risk Perspective Report highlights how the Covid-19 Pandemic has elevated operational risks for banks as they are challenged with the implementation of new processes/procedures, business continuity plans and a steep
- Foodman website and JD Supra
GAFILAT Identifies Money Laundering/Terrorist Financing Emerging Threats
GAFILAT (Financial Action Task Force of Latin America) published a Second Update to the Money Laundering Regional Threat Report (2017-2018) that includes: ANNEX VI: THREATS RELATED TO THE COVID-19 PANDEMIC. Considered to be a regional money laundering threat analysis, the
- Foodman website and JD Supra
Erroneous FACTA Withholding?
What if a U.S. Withholding Agent of a Foreign financial Institution (FFI) erroneously applies a 30% Internal Revenue Code (IRC) Chapter 4 FATCA Withholding to a payment to the FFI? What can be done to recover the funds? Who
- Foodman website and JD Supra
¿Sabías que el IRS está Involucrado en la Investigación y el Enjuiciamiento del Soborno? El FCPA.
En 1977, los Estados Unidos promulgó la Ley de Prácticas Corruptas en el Extranjero (FCPA). El FCPA prohíbe una oferta, pago, promesa o la autorización de un pago de dinero o cualquier cosa de valor (también conocido como soborno) a
- Foodman website and JD Supra
Did you know that the IRS is Involved with Investigating and Prosecuting Bribery?
In 1977, the United States enacted the Foreign Corrupt Practices Act (FCPA). The FCPA prohibits an offer, payment, promise or the authorization of a payment of money or anything of value (a/k/a bribery) to a foreign official for the purpose
- Foodman website and JD Supra
¿Qué se está haciendo para mejorar la comunicación con los Usuarios de los Sistemas de FATCA y QI que NO Son Estadounidenses?
En noviembre de 2019, el Consejo Asesor del Servicio de Impuestos Internos (“IRSAC”) publicó su Informe Público. El propósito de IRSAC es servir como un cuerpo asesor del Comisionado del IRS y organizar un foro público entre los funcionarios del
- Foodman website and JD Supra
What is being done to improve the Communication with Non-U.S. Users of FATCA and QI Systems?
On November, 2019, the Internal Revenue Service Advisory Council (IRSAC) published its Public Report. The purpose of IRSAC is to serve as an advisory body to the Commissioner of the IRS and to organize a public forum between IRS officials
- Foodman website and JD Supra
¿Sabías que el IRS y la OFAC tienen un Entendimiento?
En Noviembre del 2019, el IRS y la Oficina de Control de Activos Extranjeros (“OFAC”) firmaron un Memorando de Entendimiento (“MOU”). El MOU describe un entendimiento entre el IRS y la OFAC con respecto a las revisiones realizadas por el
- Foodman website and JD Supra
Is the “FinCEN Query” a Gateway to Convergence?
FinCEN’s (a bureau of the U.S. Department of the Treasury) primary purpose is protecting the financial system from illicit use, combating money laundering, and promoting national security through the collection, analysis, and dissemination of financial intelligence and the strategic use
- Foodman website and JD Supra
¿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
An Interagency Statement from Regulators and a FinCEN Statement provide clarity Regarding Enforcement Actions
On August 13, 2020, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration and the Office of the Comptroller of the Currency issued a JOINT STATEMENT ON ENFORCEMENT OF BANK
- Foodman website and JD Supra