On September 6, 2024, Wynn Las Vegas (“Wynn LV”) agreed to forfeit over $130 million to resolve a criminal investigation into the gaming giant’s suspected violated federal anti-money laundering (“AML”) laws. Daniel Silva, a...more
10/4/2024
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Criminal Forfeiture ,
Criminal Investigations ,
Deferred Prosecution Agreements ,
Department of Justice (DOJ) ,
Financial Crimes ,
IRS ,
Penalties ,
Reporting Requirements ,
Settlement
After dozens of high-profile criminal prosecutions and a growing wave of civil investigations, the Department of Justice’s (“DOJ”) Covid-19 Fraud Enforcement Strike Force is poised to continue its pursuit of fraud, abuse, and...more
11/1/2023
/ Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Enforcement Strike Teams ,
Fraud ,
Government Investigations ,
Paycheck Protection Program (PPP) ,
Popular ,
Relief Measures ,
SBA
There has been a legal shakeup this summer in the world of “FBARs”—Reports of Foreign Bank and Financial Accounts. New developments have been popping up nearly every week, whether from a court decision, as a result of a...more
8/30/2023
/ Bittner v United States ,
Department of Justice (DOJ) ,
Enforcement ,
FATCA ,
FBAR ,
Foreign Banks ,
Foreign Financial Accounts ,
Foreign Nationals ,
IRS ,
Noncompliance ,
Penalties ,
SCOTUS ,
Tax Shelters