NEW YORK (March 31, 2025) — Kostelanetz LLP is excited to welcome Victor Suthammanont as a partner in the New York City office. Coming off a decade-long stint at the Securities and Exchange Commission (SEC), where he served as a Senior Trial Counsel and, more recently, as Enforcement Counsel to then-SEC Chair Gary
On January 23, 2025, the U.S. Supreme Court stayed a nationwide preliminary injunction barring the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) from enforcing the Corporate Transparency Act of 2021 (CTA). While that theoretically allowed for enforcement to move forward, the CTA remains stayed due to another
By Daniel C. Davidson ABA White Collar Crime Committee Newsletter July 2024 Earlier this year, the Department of Justice (“DOJ”) and Federal Trade Commission (“FTC”) jointly announced updated language in the agencies’ documents requests (such as preservation letters and grand jury subpoenas) “to address the increased use of collaboration tools
On May 30, 2024, Bryan Skarlatos presented on “Recent United States Initiatives to Enforce Integrity” with Ian M. Comisky of Fox Rothschild LLP as part of Lawline’s CLE programming. Description: The Corporate Transparency Act was enacted as part of the Anti-Money Laundering Act of 2020. In particular, 31 U.S.C. § 5336
John D. Fort will present “Convergence of AML and Fraud Controls. Thinking through opportunities and obstacles in a FRAML approach” at the American Bankers Association / American Bar Association Financial Crimes Enforcement Conference on November 30th, 2023. The conference will be held both in-person and virtually. The events are hosted at
Kostelanetz attorneys will participate in a variety of panels and presentations at the ABA Tax Section’s Virtual 2023 Fall Tax Meeting on October 16-20, 2023. Tuesday, October 17, 2023 2:30 pm – 3:00 pm: Michael Sardar presents on International Tax Enforcement during the “Reports of Subcommittees on Important Developments” section
Caroline D. Ciraolo and Director of Investigations Don Fort recently attended the 40th Cambridge International Symposium on Economic Crime held at Jesus College in Cambridge University. The two delivered keynotes and moderated panel discussions about some of the biggest challenges in financial crime cases today. On September 3, Don delivered
By Caroline Ciraolo, Don Fort, and Ian Weinstock Bloomberg Tax August 28, 2023 High-net-worth US taxpayers, working with professional advisers, have transferred assets into personal retirement plans established in Malta to limit and potentially eliminate tax on distributions. These so-called Malta pension plans rely on a specific interpretation of the
Caroline D. Ciraolo was quoted in a Tax Notes article titled “IRS Penalty Practice May Be Due for Reset,” published on August 16, 2023. The article addresses the current state of penalty administration and notes Caroline Ciraolo’s concerns regarding the Internal Revenue Service’s current approach to the consideration and assessment
By Sharon McCarthy and Christopher Ferguson American Bar Association Criminal Justice Section, The White Collar Crime Committee Newsletter Summer/Fall 2023 Edition We are all familiar with the aphorism that those who forget history are condemned to repeat it. The Department of Justice’s (“DOJ” or the “Department”) recent amendments to its
