By Christopher M. Ferguson and Hannah Ambinder On March 3, 2021, the Financial Action Task Force (FATF) and Egmont Group of Financial Intelligence Units (Egmont Group) released Trade-Based Money Laundering: Risk Indicators, a publication outlining anti-money laundering risk factors. The FATF Report’s purpose is to
New York, NY (March 16, 2021) — Kostelanetz & Fink partner Claude M. Millman has been recognized for the second consecutive year in City & State NY’s “Law Power 100” list. According to City & State NY, the “Law Power 100” is a list of “leading legal professionals” who
In a recent Bloomberg article entitled, “Tax Hikes on Rich Loom If Treasury Revives Hard Look at Estates,” Ian Weinstock weighed in on the new Biden administration’s potential priorities regarding stepped up audits of high-wealth individuals’ estate tax, gift tax and fiduciary income tax returns.
John D. (Don) Fort was quoted in a recent Tax Notes article entitled “IRS Data Analytics Pros Still See Need for Human Touch,” published on March 8, 2021. Fort commented on the limits that bound the usefulness of the computerized tools that the IRS uses
The continuing expansion of virtual currencies adoption and the need for financial service providers to understand how to identify cryptocurrency transactions and how to manage its potential risk is increasing. K&F Director of Investigations Don Fort participated in a webinar on February 25, 2021, entitled
John D. (Don) Fort was quoted in a recent New York Times article entitled “Trump’s Tax Returns Aren’t the Only Crucial Records Prosecutors Will Get,” published on February 23, 2021. Fort commented on the role of tax returns and the leads they provide to investigators.
