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Latest Bank Secrecy Act Stories

2014-06-13 12:26:55

SAN FRANCISCO, June 13, 2014 /PRNewswire/ -- Brighterion is proud to announce the release of version 7 of iComply, our real-time, KYC and anti-money laundering enterprise solution powered by our cognitive computing platform; the world's most comprehensive artificial intelligence and machine learning solution that predicts, infers and makes intelligent, real-time decisions. http://photos.prnewswire.com/prnvar/20140605/94697 Despite the introduction of tougher legislation over recent...

2014-05-20 12:38:16

New version increases efficiency and improves compliance ENGLEWOOD CLIFFS, New Jersey, May 20, 2014 /PRNewswire/ -- Intellinx Ltd., the innovative leader in enterprise fraud management announced today the release of the Intellinx Enterprise Alert and Case Manager (ECM) version 5.1. This latest version includes management of Suspicious Activity Reports (SAR) e-Filing acknowledgments from the Financial Crimes Enforcement Network (FinCEN). This new capability enables compliance...

2014-04-30 23:22:12

Safe Harbor LLP is a top San Francisco CPA firm, offering international tax compliance services. In light of recent IRS announcements, the firm is increasing its FBAR-related streamlined filing assistance for San Francisco Bay Area residents and businesses. San Francisco, CA (PRWEB) April 30, 2014 Safe Harbor LLP (http://www.safeharborcpa.com/), a top San Francisco tax service, is proud to announce that, in response to recent IRS announcements regarding Reports of Foreign Bank and...

2013-08-06 23:29:23

S.D. Daniels & Co., LLC ("SDDCO-LLC") lends guidance to broker-dealers on the mandatory testing of their anti-money laundering programs. Overview includes the timing and requirements of AML testing, the minimum standards of AML compliance, the scope and process of the AML audit, and the contents of the final report. New York, NY 10022 (PRWEB) August 06, 2013 Money laundering—the act of using a legitimate financial system to mask ill-gotten gains—makes dirty money appear...

2013-07-24 23:26:28

With a rather large penalty, taxpayers are torn on whether or not they should participate in the Offshore Voluntary Disclosure Initiative (OVDI). Perfect Tax offers advice on the course of action taxpayers should undertake when faced with OVDI concerns. (PRWEB) July 24, 2013 The Offshore Voluntary Disclosure Initiative (OVDI) is a program where holders of foreign-based accounts submit undisclosed information to the IRS. Those with dual citizenship are usually the ones who make use of it....

2013-07-22 23:02:15

If an aggregate balance from 2004 to 2011 exceeds $10K--even for a day in a taxpayer’s foreign assets, a FBAR has to be filed, as foreign financial institutions have treasury mandates to declare them under FATCA law, which had been included in the 2010 new hire act. Perfect Tax can help taxpayers reduce penalties from 0% to 27.5% under an IRS FBAR Amnesty. Plano, Texas (PRWEB) July 22, 2013 June 30, the deadline for the filing of the Report of Foreign Bank and Financial Accounts or...


Word of the Day
omadhaun
  • A fool; a simpleton: a term of abuse common in Ireland and to a less extent in the Gaelic-speaking parts of Scotland.
This word is partly Irish in origin.