U.S. Treasurer Anna Escobedo Cabral
announced new outreach materials for money
services businesses (MSBs) in seven foreign
languages. In addition to English, the materials
are now available in Spanish, Chinese, Vietnamese,
Korean, Arabic, Farsi and Russian.
materials were produced in these languages to
enhance MSB outreach efforts to ethnic communities
affected by Bank Secrecy Act (BSA) requirements.
The Financial Crimes Enforcement Network
administers the BSA.
provide non-traditional financial services,
including check cashing, money orders, fund
transfers and utility bill payment services. MSBs
are considered to be a high-risk category for
money laundering and other financial crimes. About
40 million Americans who do not maintain bank
accounts regularly rely on MSBs for financial
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.
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.
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.