Fraud


The Financial Crimes Enforcement Network issued guidance to casinos and card clubs with “red flags” that may indicate the presence of money laundering, terrorist financing and related financial crimes.

FinCEN’s guidance FIN-2008-G007, Recognizing Suspicious Activity—Red Flags for Casinos and Card Clubs, gives examples of activities that may be attempts to evade Bank Secrecy Act reporting or recordkeeping requirements, such as minimal gaming activities without reasonable explanations. The red flags are based on actual suspicious activity reports, observations of examiners, and experience of law enforcement.

The guidance is available at www.fincen.gov.

SPONSORED REPORT

How the election may affect taxation of business income

This report summarizes recent proposals to reform the U.S. business income tax system and considers the path to enactment of any such legislation.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

Did you follow 2016’s biggest accounting news?

CPAs will remember 2016 as a year of new standards and new faces. How well did you follow the biggest accounting events? The 7 questions in this quiz will help you find out