The Paycheck Protection Program (“PPP”) emerged as a lifeline for small businesses grappling with the unprecedented challenges of the COVID-19 pandemic. Lenders navigated a landscape of regulations that Congress quickly...more
12/29/2023
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
Enforcement ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Institutions ,
FinTech ,
Fraud ,
Good Faith ,
Liability ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Popular ,
SBA ,
Securities and Exchange Commission (SEC) ,
Small Business ,
Suspicious Activity Reports (SARs)
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