Foreign Ownership, Control, or Influence (FOCI) refers to a situation where a foreign entity has the power to directly or indirectly influence the management or operations of a company. FOCI can result from legal means like...more
2/26/2025
/ Acquisitions ,
America First Trade Policy ,
CFIUS ,
China ,
Cyber Espionage ,
Enforcement Actions ,
FOCI ,
Foreign Investment ,
Industrial Espionage ,
Joint Venture ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Small and Medium-Sized Enterprises (SMEs) ,
U.S. Treasury
After years of explicitly warning taxpayers that failing to report or underreporting income from transactions involving digital assets would lead to criminal charges, federal prosecutors are now beginning to follow through on...more
2/23/2024
/ Bitcoin ,
Capital Gains ,
Criminal Prosecution ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement Actions ,
FinTech ,
Income Taxes ,
Indictments ,
IRS ,
Required Forms ,
Tax Evasion ,
Tax Returns ,
Virtual Currency
Long-awaited enforcement actions may be coming soon for those who took advantage of the lucrative tax breaks offered by the Commonwealth of Puerto Rico without meeting the requirements. Prosecutions may also follow for...more
7/27/2023
/ Criminal Investigations ,
Department of Justice (DOJ) ,
Enforcement ,
Enforcement Actions ,
Investigations ,
IRS ,
Puerto Rico ,
Relief Measures ,
Residency Requirements ,
Tax Avoidance ,
Tax Exemptions ,
Technology Sector ,
Voluntary Disclosure