- TypeWebinar
- Location New York, United States
- Date 22-08-2017
Business Development
Finance
Economics
Key Take Away
This training on BSA compliance will help you understand the concept of tax evasion and tax fraud and the difference between the two. Learn the best practices to identify tax fraud and how to report suspicious activity.
Overview
Bank Secrecy Act requires financial institutions to assist government agencies to detect and prevent money laundering. In May 2013 FinCEN published issue #23 of The SAR Activity Review Trends Tips & Issues. Table 2 documents the most frequent activities defined in Category S – Other. Tax Fraud or Evasion makes up 22% of those cases. FinCEN goes on to discuss an Overview of Correspondent Banks, Tax Havens, Shell, Shelf and Offshore Companies and Trusts. They also discuss Tax Fraud or Evasion in their section on Significant Money Laundering Trends and Patterns by Accountants or CPAs. If FinCEN is giving this much time and attention to this topic, so should you.
Look at some of the headlines just from this year alone:
Why Should You Attend
Tax Evasion and Tax Fraud are at the cornerstone of an effective BSA/AML compliance program. Effective monitoring and proper understanding of the topic are required to accurately describe the transactions on a Suspicious Activity Form.
Areas Covered In This Webinar
Learning Objectives
This bank compliance webinar will address the types of transactions and give you examples of how to drill down further to assess those risks.
Who Will Benefit
Email: [email protected]
Toll Free: +1- 844-414-1400
Tel: +1-516-900-5509
Fax: +1-516-300-1584
This bank compliance webinar will help you understand the concept of tax evasion and tax fraud and the best practices to identify tax fraud. Register now!
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