Tax Evasion and Tax Fraud - What it means to you when monitoring BSA and filing
Sign up to be notified of new teleseminars daily! |
| Description: | This training on BSA compliance will help you understand the concept of tax evasion and tax fraud and difference between the two. Learn the best practices to identify tax fraud and how to report suspicious activity. Why Should You Attend: Tax Evasion and Tax Fraud are at the cornerstone of an effective BSA/AML compliance program. Effective monitoring and proper understanding of the topic are required to accurately describe the transactions on a Suspicious Activity Form. This webinar will address the types of transactions and give you examples of how to drill down further to assess those risks. Areas Covered in the Webinar: Resources. What’s the difference? Tax Evasion vs Tax Fraud Why do I care? Definitions Why it matters Global Tax Evasionv The Swiss Connection Tax Havens Ties to Money Laundering and Terrorism FATCA. Foreign Account Tax Compliance Act Identity Theft and Tax Fraud FinCEN & Red Flags Who Will Benefit: Financial Officers Bank Secrecy Act Officers Front Line Staff Risk Officers Operational Managers Instructor Profile: Doug Keipper, is a Certified Anti-Money Laundering Specialist (CAMS) since 2005 and former BSA officer, compliance officer, and loan administrator for an $800M commercial bank in Atlanta before it sold twice in one year. Mr. Keipper teaches commercial real estate stress testing and anti-money laundering throughout the southeast. He has spent over 20 years in retail banking, wholesale mortgages and financial services. Topic Background: Bank Secrecy Act requires financial institutions to assist government agencies to detect and prevent money laundering. In May 2013 FinCEN published issue #23 of The SAR Activity Review Trends Tips & Issues. Table 2 documents the most frequent activities defined in Category S – Other. Tax Fraud or Evasion makes up 22% of those cases. FinCEN goes on to discuss an Overview of Correspondent Banks, Tax Havens, Shell, Shelf and Offshore Companies and Trusts. They also discuss Tax Fraud or Evasion in their section on Significant Money Laundering Trends and Patterns by Accountants or CPAs. If FinCEN is giving this much time and attention to this topic, so should you. Look at some of the headlines just from this year alone: April 2, 2013 Dolce & Gabbana Designer furious over $440 million tax evasion fine March 29, 2013 Stephen Baldwin pleads guilty in tax case, ordered to pay $400 K back taxes March 14, 2013 Olathe businessman pleads guilty to tax evasion March 15, 2013 Mechanicsburg man charged with tax evasion April 6, 2013 Wesley Snipes released from prison after tax evasion March 26, 2013 Michigan theater owner gets year I prison for tax evasion |
| URL: | referral@complianceonline.com |
| Date: | Friday, September 20, 2013 |
| Time: | 2:00pm UTC |
| Access: | Public |
| Category: | Business*, Webinar* |
| Created by: | Public Access |
| Updated: | Thursday, August 29, 2013 11:30am UTC |
| : | $199 |
| : | +1-650-620-3915 |
| : | referral@complianceonline.com |
| : | Referral |
| : | +1-650-620-3915 |
| Comments: | None |