The Financial Crimes Enforcement Network (FinCEN) issued guidance to financial institutions intended to clarify the use of an information-sharing tool that resulted from section 314(b) of the USA Patriot Act.


That part of the act allows participating financial institutions, upon providing notice to FinCEN, to avail themselves of a statutory safe harbor from civil liability for sharing information with one another to identify and report activities such as mortgage fraud that they suspect may involve possible terrorist activity or money laundering.


Financial institutions that participate in this information-sharing program must maintain adequate procedures to protect the security and confidentiality of that information. Participation is voluntary. More information is available at



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.