Fraud


FRAUD

The Treasury Department issues its 2001 National Money Laundering Strategy. As in the past, the plan warns of the negative roles lawyers, bankers and accountants can intentionally or unintentionally play in abetting criminal efforts to disguise unlawful income. But this year’s strategy also focuses on training lawyers and accountants to recognize and report potential signs of money laundering. Further, the plan calls for them to help law enforcement agencies and the financial industry better fight money laundering by making optimal use of information financial institutions are required to report to regulators. ( www.treas.gov/press/releases/docs/ml2001.pdf )

SPONSORED REPORT

The technology assessment engagement

Are you working with the best technology? Do you know how to help your clients determine if their technology stack measures up? In this free report, J. Carlton Collins, CPA, explains how to answer those questions via a technology assessment engagement.

FEATURE

Maximizing the higher education tax credits

A counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.