by Jyotsna Bucktowar | Apr 5, 2024
The FATF published the updated rating in the Seventh Enhanced Follow-Up Report of the US, recognizing Treasury’s historic efforts to increase beneficial ownership transparency and address key vulnerabilities in the U.S. AML/CFT framework…
by AdrianaAMLP | Apr 4, 2024
Relates to existing requirements for banks under the Customer Identification Program (CIP) Rule to collect a taxpayer identification number (TIN) from a customer prior to opening an account.
by Jyotsna Bucktowar | Apr 2, 2024
The United States has made progress to address the technical compliance deficiencies identified in relation to Rec 24 – Transparency and beneficial ownership of legal persons. Because of this progress, the US has been re-rated on Rec 24 – upgraded from Non...
by Jyotsna Bucktowar | Apr 2, 2024
In the report, Treasury identifies significant opportunities and challenges that AI presents to the security and resiliency of the financial services sector. The report outlines a series of next steps to address immediate AI-related operational risk, cybersecurity,...
by Jyotsna Bucktowar | Apr 1, 2024
The defendant allegedly concealed a multimillion-dollar real estate portfolio and lied to the IRS to avoid paying taxes. Matthew Tucci, of West Long Branch, received millions of dollars in income from purported refunds by the Customs and Tax Administration of the...
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