On Thursday, March 28, 2013, the Financial Crimes Enforcement Network (FinCEN) issued a notice (the “Notice”) to financial institutions reminding them they must begin using the new FinCEN reports (i.e., SARs, CTRs, RMSBs and DOEPs), which are available only electronically through the Bank Secrecy Act (“BSA”) E-Filing System, by April 1, 2013.
Don’t fall victim to corporate record scams
Deceptive solicitations are being sent to companies advertising low-cost filings of “Annual Meeting Minutes.” The communication also includes a very official-looking form to complete for payment. Do not complete this form.
2013 Florida legislative session update
How the Medicaid expansion issue is resolved during session will have far-reaching ramifications on a range of business issues, including allocation of the state’s $74+ billion budget, as well as how other legislative priorities are resolved.
Employers: Are you using the new I-9 (employment eligibility verification form)?
The new I-9 Form is effective immediately and should be used now. After May 7, 2013, employers who fail to use this new I-9 Form may be subject to all applicable penalties under the federal employment eligibility verification law and regulations as enforced by U.S. Immigration and Customs Enforcement (ICE).
Insider trading, cybersecurity & JOBS Act restrictions: ‘The Securities Edge’ February wrap-up
Here is your recap of important topics we covered in The Securities Edge blog in February. Did you miss them? Sign up now to receive future blog posts by email as soon as each is published.
Supreme Court rules public hospitals not necessarily immune from federal antitrust laws
The Supreme Court reviewed whether a local governmental entity’s actions are exempt from scrutiny under federal antitrust laws when the entity acts pursuant to a clearly articulated and affirmatively expressed state policy to displace competition.
FDIC issues proposed rule on deposits in foreign branches of U.S. banks
As a result of the proposed rule, U.S. banks with foreign branches may need to update their existing account documentation to address the new regulatory treatment of foreign deposits.
Get your securities fill: ‘The Securities Edge’ January wrap-up
Welcome to the first monthly recap of The Securities Edge. What is The Securities Edge? It’s a blog written for executives of middle market businesses.
H-1B visa petitions for nonimmigrant workers accepted beginning April 1 until quota met
This is a reminder that April 1, 2013, is the first day the United States Citizenship and Immigration Services will begin accepting H-1B petitions filed on behalf of nonimmigrant workers for employment commencing on or after October 1, 2013, i.e. for fiscal year 2014.
Long-awaited FATCA regulations issued in final form
With this significant component of the FATCA regime now in place, domestic and foreign financial institutions can once again ramp up the implementation of their existing FATCA compliance plans.
