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FinCEN Expands Scope of “All Cash” GTOs
  • Pillsbury
  • USA
  • August 19 2016

Continuing its efforts to deter the use of real estate as a vehicle to launder proceeds of criminal activity, the Financial Crimes Enforcement Network


FinCEN Targets More Real Estate Deals for AML
  • Pillsbury
  • USA
  • July 27 2016

Today, the Financial Crimes Enforcement Network (FinCEN) announced, effective August 28, 2016 and continuing for 180 days, it is expanding its


Texas renews efforts to require cash redemption of certain stored value cards
  • Pillsbury
  • USA
  • April 27 2015

Texas renews effort to require that certain stored value cards be redeemable for cash if the balance on the card is less than $2.50. In early March


Stay tuned: Pennsylvania Bill would require cash refunds on certain gift cardscertificates
  • Pillsbury
  • USA
  • February 2 2015

Pennsylvania may be joining the several states that require that certain gift cards and gift certificates be redeemable for cash. Senate Bill 150


Stay tuned: Connecticut bill would require cash refunds of gift card balances
  • Pillsbury
  • USA
  • March 13 2014

Connecticut may join a number of states that currently require merchants to provide the remaining balances on gift cards to consumers in cash upon


Possible reduction of gift tax exemption in 2011 may warrant fast action by donors
  • Pillsbury
  • USA
  • November 17 2011

In 2010, Congress passed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act, which increased the gift tax exemption per individual donor from $1 million to $5 million for gifts made in 2011 and 2012, and a combined exemption of $10 million for married couples who split gifts


Starting January 1st, Oregon will require cash redemption for certain gift cards
  • Pillsbury
  • USA
  • August 30 2011

On June 14, Governor John Kitzhaber signed into law Oregon Senate Bill 756, which amends Oregon’s gift card law to prohibit selling a gift card that does not give the cardholder the option to redeem it for cash when the balance on the card is less than $5 and the card has been used for at least one purchase


The SEC adopts transaction requirements that preserve Form S-3 eligibility for most issuers
  • Pillsbury
  • USA
  • August 2 2011

The Securities and Exchange Commission (SEC) has eliminated the use of investment grade credit ratings as a transaction requirement for short-form registration of securities, instead creating alternative transaction requirements that preserve the use of Form S-3 for most companies that previously relied on their investment grade credit ratings


New markets tax credits: a growing element in community development
  • Pillsbury
  • USA
  • June 23 2011

The federal New Markets Tax Credit Program is a prime example of public-private partnerships successfully funding projects and businesses


Supreme Court retools ERISA remedies for misleading summary plan descriptions
  • Pillsbury
  • USA
  • June 8 2011

On May 16, 2011, the Supreme Court in CIGNA Corp. v. Amara held that ERISA section 502(a)(1)(B) does not give a court authority to change the terms of a pension plan due to a misleading summary plan description ("SPD"), or to enforce the terms of an SPD as if it were part of the plan