JD Supra2h
The Corporate Transparency Act: FinCEN Removes Reporting Reqs for US Companies and Persons, Sets New Deadlines for Foreign Companies
In a press release issued on March 21, 2025, FinCEN issued an interim final rule (IFR) revising the definition of “reporting company” to mean ...
JD Supra7h
Corporate Transparency Act – New Interim Final Rule
The U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) issued an interim final rule with respect to ...
Tackling US’ secondary sanctions
India has earned waivers in the past, thanks to its geopolitical heft. Leveraging strategic partnerships and fortifying ...
US government to eliminate paper checks: Here's who will be affected in their payments
The days of receiving a paper check from the U.S. government are officially numbered. In a move aimed at modernizing federal ...
Imperial Valley Press Online13h
US Treasury sanctions Mexicali-based criminal operators and money launderers for the notorious Sinaloa Cartel
On Monday, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated six individuals and seven ...
Do banks report deposits to the IRS? Here's when and why financial institutions report your transactions
Wondering if your bank's tattling to the IRS about that chunky deposit you just made? Banks don't spill the beans on every ...
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National Law Review23m
US Treasury Extends Recordkeeping Requirement for Economic Sanctions Compliance to 10 Years
On March 20, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published a final rule (Final Rule) extending the recordkeeping requirement for compliance with U.S.
National Law Review1h
SEC Climate Disclosures Rules One Step Closer to the Grave; GHG Emissions Disclosures One Step Closer to Becoming a Multi-State Compliance Issue
The slow death of the Securities and Exchange Commission’s (SEC) climate disclosure rules continued on March 27, 2025, with the SEC Commissioners voting to discontinue the defense of such rules before ...
Teachers’ body criticises V-C’s office, Allahabad University gags all its staff
The circular states that “all the teaching and the non-teaching staff members of the University of Allahabad must strictly ...