EU Parliament Introduces EU-Wide Penalties for Money Laundering: Today, a EU Parliament committee approved a legislative directive to create EU-wide penalties for money laundering. The directive aims to increase cooperation and uniformity among member states and impose a minimum term of imprisonment for money laundering crimes with aggravating factors. Following final approval of the directive by EU Parliament, member states will have one year to implement the directive in their national laws.

Miscellaneous Guidance: Today, the IRS released Notice 2017-76, which provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates under section 417(e)(3), and the 24-month average segment rates under section 430(h)(2). The notice also provides guidance as to the interest rate on 30-year Treasury securities under section 417(e)(3)(A)(ii)(II) as in effect for plan years beginning before 2008 and the 30-year Treasury weighted average rate under section 431(c)(6)(E)(ii)(I).