Transactions over $10,000 trigger a currency transaction report under the Bank Secrecy Act. Structuring deposits to avoid reports can still alert banks and lead to a possible suspicious activity ...

-Additionally, the organizational chart must identify (1) voting percentage: the percentage of voting securities for each person identified in the organizational chart and (2) other control: if ...

The IRS routinely monitors abusive tax transactions. If a particular transaction becomes more prevalent, the agency identifies it as a “listed transaction,” requiring self-reporting by taxpayers (IRS ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Infinox Capital has been fined £99,200 by the watchdog for ...

In this month’s Cappitech Compliance Corner, with the Brexit transition period coming to a close, we take a look at how the UK’s exit from the EU affects transaction reporting under the European ...