La legislación fiscal de EE. UU., promulgada el 4 de julio, amplía las obligaciones de reporte para fideicomisos extranjeros y entidades con traspaso de ingresos, al tiempo que consolida disposiciones clave de la reforma de...more
8/28/2025
/ Common Reporting Standard (CRS) ,
Corporate Transparency Act ,
Cross-Border Transactions ,
Enforcement Actions ,
Estate Tax ,
FATCA ,
Foreign Trusts ,
International Tax Issues ,
New Legislation ,
Regulatory Requirements ,
Tax Reform ,
Trusts ,
Wealth Management
The July 4 U.S. tax legislation expands reporting obligations for foreign trusts and pass-through entities while locking in key provisions from the 2017 reform. For attorneys and advisors to high-net-worth individuals, this...more
8/28/2025
/ Common Reporting Standard (CRS) ,
Corporate Transparency Act ,
Cross-Border Transactions ,
Enforcement Actions ,
FATCA ,
Foreign Trusts ,
International Tax Issues ,
New Legislation ,
Pass-Through Entities ,
Reporting Requirements ,
Tax Reform ,
Trusts
La regulación global de las criptomonedas ha pasado de la teoría a la aplicación real. El Marco de Reporte de Criptoactivos (CARF) de la OCDE y los estándares reforzados para Proveedores de Servicios de Activos Virtuales...more
8/19/2025
/ AML/CFT ,
Anti-Money Laundering ,
Beneficial Owner ,
Blockchain ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Due Diligence ,
FATF ,
Financial Institutions ,
OECD ,
Regulatory Oversight ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Management
Global cryptocurrency regulation has shifted from theory to enforcement. The OECD’s Crypto-Asset Reporting Framework (CARF) and strengthened Virtual Asset Service Provider (VASP) standards are redefining oversight...more
8/19/2025
/ AML/CFT ,
Beneficial Owner ,
Cross-Border Transactions ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Due Diligence ,
Financial Institutions ,
Latin America ,
OECD ,
Regulatory Oversight ,
Reporting Requirements ,
Risk Management
En el entorno actual de cumplimiento de alto riesgo, se espera que las instituciones financieras entreguen más que resultados. Deben demostrar una rendición de cuentas que sea verificable y lista para auditorías. Esto es...more
7/17/2025
/ Anti-Money Laundering ,
Compliance ,
Corporate Governance ,
Due Diligence ,
Financial Institutions ,
Forensic Accounting ,
Fraud ,
Internal Controls ,
Reporting Requirements ,
Risk Management ,
Transparency
In today’s high-stakes compliance environment, financial institutions are expected to deliver more than results. They must demonstrate accountability that is both verifiable and audit-ready. This is especially critical for...more
7/17/2025
/ Anti-Money Laundering ,
Compliance ,
Corporate Governance ,
Due Diligence ,
Financial Institutions ,
Forensic Accounting ,
Fraud ,
Internal Controls ,
Reporting Requirements ,
Risk Management ,
Transparency
icraAs artificial intelligence reshapes financial compliance practices, regulators across Latin America and globally are increasing their scrutiny of AI-based AML tools. This article explores the growing audit gap, and what...more
6/5/2025
/ Anti-Money Laundering ,
Artificial Intelligence ,
Audits ,
Compliance ,
Financial Crimes ,
Financial Institutions ,
FinTech ,
Latin America ,
Nicaragua ,
Regulatory Oversight ,
Regulatory Requirements ,
Risk Management ,
Venezuela
On 1/21/25, the IRS issued Bulletin Issue Number: 2025-02 to remind the FATCA Responsible Officer that Certifications are due 7/1/25 for the Certification period ending December 31, 2024. The Bulletin also provided a...more
On 1/15/25, the IRS announced three pilot programs to test changes to existing Alternative Dispute Resolution (ADR) programs. The new IRS Pilot Mediation Programs are designed to help taxpayers resolve tax disputes earlier...more
1/30/2025
/ Appeals ,
Fast Track Process ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Mediation ,
Settlement ,
Small Business ,
Tax Exemptions ,
Tax Liability ,
Taxation
On 12/19/24, anticipating the 2025 filing season, the IRS published Tax Preparation 2025 Useful Pointers in IR-2024-311: Prepare to file in 2025: Get Ready for tax season with key updates, essential tips. As the 2025 filing...more
1/29/2025
/ 1099s ,
Digital Assets ,
Earned Income Credit ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Tax Credits ,
Tax Exemptions ,
Tax Forms ,
Tax Liability ,
Tax Planning ,
Tax Preparers ,
Tax Returns
On 1/8/25, the National Taxpayer Advocate (NTA) published its 2024 Annual Report to Congress and identified taxpayers’ problems and provided suggestions to further protect taxpayer rights and ease taxpayer burden. “By law,...more
1/28/2025
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Compliance ,
FATCA ,
FinCEN ,
Internal Revenue Code (IRC) ,
IRS ,
Reporting Requirements ,
Tax Reform ,
Tax Returns ,
U.S. Treasury
On 11/4/24, the Internal Revenue Service issued a warning to taxpayers regarding the dangers of engaging with promoters of fraudulent tax schemes that involve donating ownership interests in closely held businesses, often...more
On 12/2/24, the IRS, along with its Security Summit partners, issued an IRS Consumer Alert and cautioned taxpayers to exercise heightened vigilance during their holiday shopping, as scammers are actively seeking personal...more
On 11/15/24, FinCEN updated two Beneficial Ownership Information Access FAQs. The theme of the 11/15/24 update is Beneficial Ownership Access in accordance with the Corporate Transparency Act. FinCEN had previously update...more
On 10/9/24, the Bureau of Industry and Security (BIS) within the Department of Commerce has issued guidance aimed at financial institutions (FIs), outlining best practices for adherence to the Export Administration...more
12/19/2024
/ Best Practices ,
Bureau of Industry and Security (BIS) ,
China ,
Commerce Control List ,
Due Diligence ,
Export Administration Regulations (EAR) ,
Financial Institutions ,
FinCEN ,
Foreign Policy ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Red Flags Rule ,
Risk Management ,
Russia ,
SDN List ,
U.S. Commerce Department
On 11/13/24, FinCEN issued an alert aimed at assisting financial institutions in recognizing fraudulent schemes linked to the utilization of deepfake media generated by generative artificial intelligence (GenAI) tools. The...more
12/9/2024
/ Anti-Money Laundering ,
Artificial Intelligence ,
Bank Secrecy Act ,
Deep Fake ,
FinCEN ,
Fraud ,
Machine Learning ,
Personally Identifiable Information ,
Popular ,
Suspicious Activity Reports (SARs) ,
Terrorism Funding
On 10/24/24, the National Taxpayer Advocate shared on its NTA Blog that the IRS has discontinued its policy of automatically imposing penalties for late submissions of Form 3520, which pertains to foreign gifts and...more
On 10/29/24, FinCEN announced Beneficial Ownership Information (BOI) Reporting Relief to specific victims of Hurricane Milton, Hurricane Helene, Hurricane Debby, Hurricane Beryl, and Hurricane Francine. BOI Reporting Relief...more
12/2/2024
/ Beneficial Owner ,
Corporate Transparency Act ,
FEMA ,
Filing Deadlines ,
FinCEN ,
Hurricane Season ,
IRS ,
Natural Disasters ,
Popular ,
Reporting Requirements ,
Tax Relief ,
Time Extensions ,
U.S. Treasury
The IRS Whistleblower Program helps boost the “fair and effective enforcement of our nation’s tax laws and the success of our voluntary tax system.” The IRS Whistleblower Program is dependent on people who become aware of tax...more
On 9/19/24, the IRS issued a warning to taxpayers regarding OIC (Offer in Compromise) Mills that are taking advantage of taxpayers. OIC Mills promoters claim that their services are necessary to resolve taxpayer unpaid taxes...more
IRS issued Notice 2024-78 on 10/28/24 providing the extension of temporary relief for FATCA Model 1 Financial Institutions (FFI’s) regarding the reporting of U.S. Taxpayer Identification Numbers. This means that the temporary...more
11/21/2024
/ BSA/AML ,
Competent Authority (CA) ,
Documentation ,
FATCA ,
FFI ,
Foreign Financial Institutions (FFI) ,
IRS ,
Policies and Procedures ,
Recordkeeping Requirements ,
Relief Measures ,
Tax Relief ,
Taxpayer Identification Number ,
U.S. Treasury
On 10/22/24, the IRS announced that is has officially commenced operations of the newly established pass-through field operations unit within its Large Business and International (LB&I) division, which was announced last...more
11/19/2024
/ Audits ,
Business Losses ,
C-Corporation ,
Income Taxes ,
IRS ,
Limited Liability Company (LLC) ,
Net Operating Losses ,
Pass-Through Entities ,
Small Business ,
Sole Proprietorship ,
Tax Liability ,
Trusts
On 10/22/24, the IRS released the annual inflation adjustments for tax year 2025 that will impact taxpayers when they file their 2025 returns in 2026. Following are the main items for tax year 2025:
Standard Deductions...more
On 10/10/24, FinCEN assessed a record $1.3 billion penalty against TD Bank for BSA violations. This unprecedented penalty should function as a cautionary message and a warning to all financial institutions. All financial...more
11/5/2024
/ AML/CFT ,
Anti-Money Laundering ,
Bank Secrecy Act ,
BSA/AML ,
Civil Monetary Penalty ,
Compliance ,
Currency Transaction Reports (CTR) ,
Financial Institutions ,
FinCEN ,
Popular ,
Suspicious Activity Reports (SARs) ,
Training
On 10/23/24, the IRS released Notice IR-2024-278 to encourage all taxpayers to sign up for an IRS IP PIN (identity protection personal identification number) to safeguard their identity and help protect against tax-related...more