By Christopher M. Ferguson CPA Journal August/September 2021 Faced with shrinking budgets and resources, for more than a decade the IRS has been forced to do more with less. It has responded by turning to big data analytics. In recent years, the IRS has amassed massive amounts of taxpayer data
In the fourth episode of the Financial Crimes – Dirty Money Stories podcast, K&F partner Christopher Ferguson joins AML RightSource Executive Vice President John Byrne and AML RightSource Creative Director Elliot Berman to discuss the recently adopted Anti-Money Laundering Act of 2020 and some of its key provisions affecting financial crimes
By Christopher M. Ferguson and Hannah Ambinder On March 3, 2021, the Financial Action Task Force (FATF) and Egmont Group of Financial Intelligence Units (Egmont Group) released Trade-Based Money Laundering: Risk Indicators, a publication outlining anti-money laundering risk factors. The FATF Report’s purpose is to improve the identification of suspicious
NEW YORK CITY, NY (September 29, 2020) – Kostelanetz & Fink is pleased to announce that 10 attorneys at the firm have been selected for inclusion in the 2020 New York Metro Super Lawyers list, recognizing the firm’s experience and skill in the areas of Tax, Criminal Defense: White Collar,
In a recent Mercury News article by Leonardo Castañeda entitled “A Lafayette Youth Baseball League Supposedly Got a $5 Million PPP Loan. Here’s What Really Happened,” Christopher M. Ferguson discussed the issue of fraudulent loans issued under the federal Paycheck Protection Program during the COVID-19 pandemic. Excerpts from the article
By Christopher M. Ferguson Law.com May 12, 2020 Once the May 14 deadline for arguably undeserving recipients of PPP loans to return the funds “no questions asked” has passed, the government will no doubt seek to make examples of undeserving PPP loan recipients. For anyone following developments in the massive small
By Christopher M. Ferguson NYSSCPA Tax Stringer April 1, 2020 On Sep. 28, 2018, the IRS’s Offshore Voluntary Disclosure Program (OVDP) came to an end; however, offshore tax and reporting noncompliance persists in today’s increasingly global economy. Tax advisors are still helping clients who have been—or continue to be—noncompliant with their
