Make sense of the new rules for digital asset reporting, including transition relief for 2025 and safe harbors going forward.

Transactions over $10,000 trigger a currency transaction report under the Bank Secrecy Act. Structuring deposits to avoid reports can still alert banks and lead to a possible suspicious activity ...

-Additionally, the organizational chart must identify (1) voting percentage: the percentage of voting securities for each person identified in the organizational chart and (2) other control: if ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

You've just deposited a large sum of cash or received an unusually hefty check, and now you're wondering: Will your bank notify the IRS? Many people assume banks keep their transactions private, but ...

UK regulator, the Financial Services Authority (FSA), has reinforced its transaction reporting guidelines, following a raft of recent fines issued to some of Europe's largest banks. UK regulator, the ...

ADAM: A CONTROVERSIAL PROPOSAL THAT WOULD SEND THE IRS MASSIVE AMOUNTS OF INFORMATION ABOUT THE FINANCIAL TRANSACTIONS OF ALMOST EVERY AMERICAN, APPEARS HEADED FOR THE DUSTBIN AS DEMOCRA ITSN ...

ACA report found that almost all firms surveyed were reporting their transactions incorrectly under MiFIR/EMIR with 87% of them unaware they are doing so. Close to 100% of firms are incorrectly ...

On November 28, 2023, the California Office of Health Care Affordability (“OHCA”) submitted proposed emergency regulations (the “Regulations”) on the reporting of certain transactions involving health ...

A branch of the NSA has been collecting global financial data, including credit card transactions and data from SWIFT, which runs an international bank messaging system, according to a report Sunday ...