Tax Law Blog

It is a longshot to win the lottery, right? A father and his sons set out to beat the odds and ended up in the IRS:CI top ten for an elaborate tax crime.

In a recent statement to the House Committee on Financial Services, the Director of FinCen explained its mission and purpose in enacting the Corporate Transparency Act (CTA) which became effective at the first of this year.

Passed by federal legislators in 2022, the Corporate Transparency Act (CTA) takes aim at deterring tax fraud and money laundering. The Act went into effect on the first day of 2024.

Once again, Deutsch Bank finds itself in the U.S. Federal Reserve’s gunsights for its failure to fix its anti-money laundering (AML) practices. This time, it is costing them $186M.

In 2021, a document trove containing approximately 11.9 million records was leaked to the International Consortium of Investigative Journalists (ICIJ). Dubbed the “Pandora Papers,” disclosure of the documents continues to disrupt the opaque world of...

A California man on the run for two decades after conviction for tax fraud has been sentenced to prison.

A Nevada tax preparer grew his business through forgery and identity theft--and then sold his puffed-up preparer business to an unsuspecting buyer.

The European Parliament (EU) has voted to strengthen its ability to “unshell” companies suspected of tax evasion.

A bipartisan effort to require American businesses to develop anti-money laundering programs to better detect and deter dirty money from investment in the U.S. is making its way through Congress.

In a speech, the U.S. Treasury Secretary pointed out that the U.S. is a leader—in tax fraud and money laundering.