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Dorsey & Whitney LLP

Protecting Against Business Email Scams and Recovering Funds Wired to the United States

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“Business Email Compromise Scams” or “BEC scams” typically target companies that conduct wire transfers with entities abroad. For example, a fraudster may use an email address that is very similar to that of a business’s...more

BCLP

Funds held in Lebanon: UK consumer laws may help release them

BCLP on

The financial and humanitarian crisis in Lebanon continues to hit the headlines. Our commercial disputes team has been assisting English domiciled families with funds held in Lebanese banks to take expedited legal steps in...more

Orrick - Finance 20/20

BCBS Consults on Proposed Revised Version of General Guide to Account Opening

Orrick - Finance 20/20 on

On July 16, 2015, the Basel Committee on Banking Supervision (BCBS) issued a consultation paper on a proposed revised version of its general guide to account opening. The guide was first published in February 2003. The...more

BakerHostetler

Taxpayer Advocate Recommends Ways for IRS to Simplify Foreign Asset Reporting

BakerHostetler on

The National Taxpayer Advocate made three specific recommendations to the IRS to try to simplify the process for reporting foreign assets. For several years the National Taxpayer Advocate has complained that the disclosure...more

BakerHostetler

Voluntary Disclosures Lead to John Doe Summonses for Information about U.S. Accounts at Zurcher Kantonalbank and Bank of...

BakerHostetler on

In a sign that the U.S. government continues to aggressively seek information on U.S. taxpayers with non-U.S. bank accounts, the government announced on November 12, 2013, that it had obtained a court order authorizing the...more

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