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 to make the most of a negotiation

Negotiators are made, not born. In this sponsored report, we cover strategies and tactics to help you head into 2017 ready to take on business deals, salary discussions and more.

VIDEO

Will the Affordable Care Act be repealed?

The results of the 2016 presidential election are likely to have a big impact on federal tax policy in the coming years. Eddie Adkins, CPA, a partner in the Washington National Tax Office at Grant Thornton, discusses what parts of the ACA might survive the repeal of most of the law.

QUIZ

News quiz: Scam email plagues tax professionals—again

Even as the IRS reported on success in reducing tax return identity theft in the 2016 season, the Service also warned tax professionals about yet another email phishing scam. See how much you know about recent news with this short quiz.