Navigating the Waves of International Tax Enforcement, Money Laundering, Ethics and Related Challenges During the Pandemic - 12 November 2020
Bruce will discuss developments in international tax enforcement, money laundering, ethics, andrelated developments. In particular, it will underscore the effort by governments to hold intermediaries, including banks, broker-dealers, and gatekeepers liable criminally and civilly for a variety of cross-border financial crimes, including tax, money laundering, corruption, fraud, and sanctions. While the U.S. government initially was at the forefront of these enforcement actions, now many European governments, including Belgium, Denmark, France, and Germany, and more recently Malaysia, Kazakhstan and the City of Almaty are proactively going after foreign intermediaries in crossborder cases. It will highlight the growing reporting obligations, such as DAC6 and a similar requirement in Mexico. It will consider efforts to enact entity transparency legislation in the U.S., the fall out of the ICU’s FinCEN Files, and FinCEN’s Advance Notice of Proposed Rulemaking on proposed amendments to anti-money laundering due diligence by financial institutions and implications for fiduciaries in wealth planning. It will discuss efforts to raise standards for gatekeepers, including ABA Opinion 491.
Speaker: Bruce Zagaris, Berliner Corcoran & Rowe LLP
Zoom Link & Materials: An email with the webinar access link along with the materials will be sent after 9:00 am on the morning of the program