Internal Revenue Service (IRS)
Protests against US Fatca tax rules gain pace with support of European Commission
New Fatca tax regulations enacted last year in the US will have a wide-reaching impact on the US financial industry. This has attracted many complaints and prompted the European Commission to call for changes to the new rules.
IRS drops lawsuit against UBS on US tax evasion
UBS evades prosecution for tax evasion as US IRS drops charges
UK investment managers prepare for Fatca ahead of 2013
New US-based requirements will increase the reporting burden for international firms
US regulators tackle unintended consequences of BSA enforcement
At a recent anti-money laundering (AML) conference in New York, US financial regulators conceded the enforcement of the Bank Secrecy Act (BSA) has produced negative, unintended consequences in the financial industry.