Money Laundering

The Treasury Department’s Financial Crimes Enforcement Network introduces Form TD F 90-22.56, Suspicious Activity Report by Money Services Business, and advises certain nonbank financial institutions that they must immediately begin using it to report possible indications of money laundering or other financial crimes ( ). The form captures specific information—such as the identities of involved parties and the type, date and amount of suspicious transactions—that law enforcement agencies need to fight money laundering. Banks should continue using Form TD F 90-22.47, Suspicious Activity. A Treasury Department Web site ( ) offers copies of the new form and detailed information to help companies determine whether the government considers them money services businesses.


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.