Dechert LLP | USA | 12 Mar 2024
The U.S. Department of Treasury’s (Treasury) Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rulemaking (NPRM) on February…
Cadwalader Wickersham & Taft LLP | USA | 28 Feb 2024
Crypto’s two calling cards, decentralization and anonymity, can lead to abuses, such as money laundering and tax evasion. The U.S. Treasury has long…
Baker McKenzie | USA | 28 Feb 2024
We have been following for years (see here) the steps that the United States Internal Revenue Service has taken to sensitize taxpayers to the need…
Baker McKenzie | USA | 27 Feb 2024
The IRS Office of Chief Counsel recently issued a generic legal Advice Memorandum, AM 2023-008 ("GLAM"), confirming that the IRS may consider…
BakerHostetler | USA | 23 Feb 2024
After years of explicitly warning taxpayers that failing to report or underreporting income from transactions involving digital assets…
White & Case | USA | 21 Feb 2024
On February 13, 2024, FinCEN proposed a long-awaited rule to combat illicit finance and national security threats in the asset management industry…
Hogan Lovells | USA | 21 Feb 2024
On February 13, 2024, U.S. Department of the Treasury’s Financial Crimes Enforcement Network issued a Notice of Proposed Rulemaking seeking to expand…
Dechert LLP | USA | 13 Feb 2024
Cryptocurrency, a digital form of currency that uses cryptography for security, has become a significant part of the global financial landscape. As…