September 2018

Court Holds That Liability for FBAR Civil Willful Penalty Survives Death

1. FBAR stands for the Foreign Bank Account Report and speaks to the responsibility of certain US persons to disclose foreign financial interests (even mere signing authority). 2. The responsibility for filing FBARs is not new.  It dates back to 1970. 3. FBARs have nothing to do with FATCA.  FATCA has just made it easier […]

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Foreign Bank Enabler Pleads Guilty to FATCA Crime Based on Undercover Operation (9/11/18)

Former CEO of bank based in St Vincent & the Grenadinespleads guilty to conspiring to defraud the United States byfailing to comply with the Foreign Account Tax Compliance Act (FATCA).Baron was extradited to the United States from Hungary in July 2018.  Here’s the bank’s website – https://www.loyalbank.com/ Note: The above reference link was live on

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