Trusted Traveler Programs — GLOBAL ENTRY, NEXUS, SENTRI, FLUX and FAST — have been created to expedite the entry process into the U.S. for low-risk travelers.
Judge orders forfeiture of $16M in U.S. bank account amid tax evasion claims
On April 24, 2012, the U.S. Justice Department announced that the Southern District of New York ordered a forfeiture of approximately $16 million held by Wegelin & Co. (“Wegelin”) in its U.S. correspondent account at a U.S. financial institution.
Gunster congratulates Kevin Levy on accomplishments
Kevin M. Levy, shareholder at Gunster’s Miami office, is widely recognized and lauded for his work in Gunster’s Technology & Entrepreneurial Companies practice.
Federal Reserve issues cease and desist order
On April 2, 2012, the Board of Governors of the Federal Reserve System (“Board”) issued a Cease and Desist Order (the “Order”) and assessed a $975,000 Civil Money Penalty against Banco Espírito Santo S.A. (“BES”), Lisbon, Portugal, and its affiliate in the United States, Espírito Santo e Comercial de Lisboa, Inc., Newark, New Jersey (“ESCLINC”).
Final rules on reporting of interest for nonresident aliens
Yesterday, the Treasury Department released Final Regulations (TD 9584) regarding the reporting of interest relating to deposits maintained at U.S. offices of certain financial institutions and paid to nonresident alien individuals.
JOBS Act a ‘potential game changer’ (Special Summary White Paper)
Understanding the newly passed Jumpstart Our Business Startups Act (JOBS Act) – designed to invigorate capital markets by reducing restrictions on capital raising – can be challenging.
Monitoring H-1B visa petitions
USCIS has reported that, as of April 9th, it has received approximately 17,400 H-1B petitions counting toward the annual 65,000 quota cap and approximately 8,200 petitions counting toward the 20,000 quotas specifically available above the 65,000 annual quota cap for individuals with advanced degrees.
2012 Legislative Summary
The Florida Legislature passed two growth management bills, three environmental bills and an Administrative Procedure Act (APA) bill during its regular session that ended March 9, 2012.
OCC issues cease and desist order against Citibank
On April 5, 2012, the Office of the Comptroller of the Currency (“OCC”) issued a Cease and Desist Order (the “Order”) against Citibank, N.A. (“Citi”), Sioux Falls, South Dakota.
David M. Wells inducted into the American College of Trial Lawyers
Gunster is pleased to announce that David M. Wells, a business litigation attorney in its Jacksonville office, has become a Fellow of the American College of Trial Lawyers, widely considered to be the premier professional trial organization in America.
