The first non-prosecution agreement signals expanded US tax enforcement opportunities at home and abroad.
The US Department of Justice (DOJ) has announced the first non-prosecution agreement (NPA) with BSI, SA, (BSI)...more
4/16/2015
/ Banks ,
BSI SA ,
Department of Justice (DOJ) ,
FATCA ,
FFI ,
Foreign Banks ,
IRS ,
Non-Prosecution Agreements ,
OVDP ,
Swiss Banks ,
Tax Evasion
You have implemented FATCA; what comes next? Will your company be the next witness in a US tax investigation? Financial institutions around the world must now prepare to respond to anticipated inquiries and investigations as...more
8/12/2014
/ Banking Sector ,
Banks ,
Chief Compliance Officers ,
Department of Justice (DOJ) ,
Enforcement ,
FACTA ,
FATCA ,
FFI ,
Financial Institutions ,
Government Investigations ,
IRS ,
OVDP ,
Popular ,
Transparency
The changes give taxpayers who mistakenly failed to report foreign assets a simpler path back to tax compliance.
On June 18, 2014, the Internal Revenue Service (IRS) announced major modifications to the terms of its...more
Initial success of DOJ Swiss bank amnesty program creates greater urgency for US taxpayers.
On December 31, 2013, the window to apply for the US Department of Justice’s (DOJ) amnesty program closed for certain Swiss...more