Podcasts about fincen

Please enjoy this encore of Hacking Humans. On Hacking Humans, ⁠Dave Bittner⁠, ⁠Joe Carrigan⁠, and ⁠Maria Varmazis⁠ (also host of N2K's daily space podcast, T-Minus), are once again sharing the latest in social engineering scams, phishing schemes, and criminal exploits that are making headlines to help our audience become aware of what is out there. First we start off with some follow up, our hosts share some more information on VIN swapping, and a clarification on bank participation in FinCEN. Maria shares a telling tale about a Bethesda couple loosing $367,000 in gold bars to a sophisticated scam involving fake officials and elaborate deceptions, but a police sting led to the arrest of a suspect, highlighting a growing nationwide trend of elderly victims targeted by gold bar fraud. Joe's story comes from KnowBe4 and is on DavidB, their VP of Asia Pacific, thwarting a sophisticated social engineering attack via WhatsApp by recognizing inconsistencies in the impersonator's behavior and verifying directly with the colleague they claimed to be. Dave's story comes from the FBI on how criminals are exploiting generative AI to enhance fraud schemes, including using AI-generated text, images, audio, and video to create convincing social engineering attacks, phishing scams, and identity fraud, while offering tips to protect against these threats. Our catch of the day comes from a listener who received an urgent email from someone claiming to be an FBI agent with a rather dramatic tale about intercepted consignment boxes, missing documents, and a ticking clock—but let's just say this "agent" might need some better training in both law enforcement and grammar. Resources and links to stories: ⁠“VIN swap scam costs Las Vegas man $50K, new truck"⁠ ⁠FinCEN⁠ ⁠Gold bar scammers claimed hackers could fund Russian missiles, police say⁠ ⁠Real Social Engineering Attack on KnowBe4 Employee Foiled⁠ ⁠Criminals Use Generative Artificial Intelligence to Facilitate Financial Fraud⁠ You can hear more from the T-Minus space daily show ⁠here⁠. Have a Catch of the Day you'd like to share? Email it to us at ⁠hackinghumans@n2k.com⁠.

AFFLECK & BERNTHAL THROW DOWN!! The Accountant 2 Full Reaction Watch Along:   / thereelrejects   Start your online business with a $1 per-month trial when you visit https://www.shopify.com/rejects! At LONG LAST Tara & John join forces with Greg forThe Accountant 2 Reaction, Recap, Commentary, Analysis, & Spoiler Review!! When former FinCEN director Raymond King (J.K. Simmons, Whiplash, Spider-Man) is found dead with the message “FIND THE ACCOUNTANT” scrawled on his arm, deputy director Marybeth Medina (Cynthia Addai-Robinson, Arrow, The Woman King) turns to the only person who can help: Christian Wolff (Ben Affleck, Argo, Gone Girl), the autistic forensic accountant and trained marksman. Christian and his non-speaking partner Justine (voice by Alison Wright, The Crown)—a team backed by Harbor Neuroscience's tech-savvy autistic children—piece together King's clues: an old family photo, a Salvadorean arrival in L.A., and a trafficking ring's shadowy reach. Christian enlists his estranged brother Braxton Wolff (Jon Bernthal, The Punisher, The Devil All the Time) in a brutal ambush on a key pimp—one of the film's most talked-about kills—while assassin Anaïs / Edith Sanchez (Daniella Pineda, Jurassic World: Fallen Kingdom, Narcos) emerges as both hunter and hunted. In a shocking mid-film reveal, Medina learns Anaïs is the missing mother from King's photo, leading to a memory-jarring fight where Christian intervenes just in time. The stakes skyrocket when Christian discovers Anaïs's autistic son Alberto (Yael Ocasio) is held at a Juárez camp destined for a mass grave. In a pulse-pounding raid—complete with hacked Border Patrol drones and a showdown against enforcer Cobb (Grant Harvey, Buzzcut)—the Wolff brothers storm the compound and rescue the children in one of 2025's standout action set-pieces. The finale in Costa Rica sees Anaïs confront mastermind Burke (Robert Morgan) in a rain-soaked duel that closes her chapter and frees her family. Join Greg Alba, Tara Erickson & John Humphrey as they dissect every twist, kill sequence, and emotional beat in this must-see sequel! Follow Tara Erickson: Youtube: https://www.youtube.com/@TaraErickson Instagram:  https://www.instagram.com/taraerickson/ Twitter:  https://twitter.com/thetaraerickson Intense Suspense by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/... Support The Channel By Getting Some REEL REJECTS Apparel! https://www.rejectnationshop.com/ Follow Us On Socials:  Instagram: https://www.instagram.com/reelrejects/  Tik-Tok: https://www.tiktok.com/@reelrejects?lang=en Twitter: https://x.com/reelrejects Facebook: https://www.facebook.com/TheReelRejects/ Music Used In Ad:  Hat the Jazz by Twin Musicom is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/ Happy Alley by Kevin MacLeod is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/... POWERED BY @GFUEL Visit https://gfuel.ly/3wD5Ygo and use code REJECTNATION for 20% off select tubs!! Head Editor: https://www.instagram.com/praperhq/?hl=en Co-Editor: Greg Alba Co-Editor: John Humphrey Music In Video: Airport Lounge - Disco Ultralounge by Kevin MacLeod is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/ Ask Us A QUESTION On CAMEO: https://www.cameo.com/thereelrejects Follow TheReelRejects On FACEBOOK, TWITTER, & INSTAGRAM:  FB:  https://www.facebook.com/TheReelRejects/ INSTAGRAM:  https://www.instagram.com/reelrejects/ TWITTER:  https://twitter.com/thereelrejects Follow GREG ON INSTAGRAM & TWITTER: INSTAGRAM:  https://www.instagram.com/thegregalba/ TWITTER:  https://twitter.com/thegregalba Learn more about your ad choices. Visit megaphone.fm/adchoices

Stephan & Matt discuss the ‘Save Our Wallets' campaign, which aims to protect non-custodial wallets from regulatory challenges posed by the U.S. government. He highlights the legal risks developers face due to broad interpretations of regulations and the potential consequences of future administrations. The importance of advocacy for legislative change, user engagement, and improving user experience in Bitcoin transactions are emphasized. Additionally, the conversation touches on the implications of AML and FATF regulations, the evolution of wallet technologies, and the need for research into Miner Extractable Value (MEV) in Bitcoin. They also discuss various aspects of Bitcoin and Ethereum, focusing on the implications of MEV (Miner Extractable Value), the risks of mining centralization, and the importance of investing in solutions rather than relying on consensus changes. They explore the challenges posed by private order flow, the philosophical differences in Bitcoin development, and the future of Bitcoin Core and node adoption.Takeaways

This week, John and Elliot discuss the updated Enforcement Guide from the Financial Conduct Authority, the changes to the EU money laundering blacklist, the latest on the trafficking of Syrian antiquities, FinCEN's Advisory on Iranian illicit oil smuggling, and other issues affecting the financial crime prevention community.

FCA Guidelines, EU Blacklist, Syrian Antiquities, and a FinCEN Advisory by AML RightSource

In this timely roundtable, Lisa and Hemma sit down with Mary Inman and Liz Soltan, two powerhouse advocates in the whistleblower legal space, to unpack the DOJ's newly revised Corporate Whistleblower Awards (CWA) Pilot Program and its implications for the compliance community.  We also explore what makes whistleblowing work, how to support internal and external reporters, and why this moment may mark a turning point for global whistleblower engagement. Highlights: Mary and Liz break down the newly added DOJ priority areas How the CWA Pilot Program could evolve into a DOJ equivalent of the SEC whistleblower program Why organizational justice and psychological safety must be embedded into internal reporting systems. How tips must result in asset forfeiture to trigger awards Why we need a speak-up culture, not just a hotline Resources  DOJ's May 2025 Criminal Division White-Collar Enforcement Plan Revised DOJ Corporate Whistleblower Awards Pilot Program: DOJ Announcement Speech by Matthew R. Galeotti at the SIFMA AML and Financial Crimes Conference Link to speech Whistleblowing Study by Stephen Stubbens and Kyle Welch Whistleblower Partners LLP: Mary Inman, Liz Soltan Biographies   Mary Inman Partner, Whistleblower Partners LLP Mary Inman is a seasoned attorney with over 30 years of experience representing whistleblowers under various U.S. programs, including the False Claims Act, SEC, CFTC, IRS, FinCEN, and NHTSA/DOT. After spending three years in London, she now focuses on international whistleblowers exposing misconduct with ties to the U.S.. She assists clients in bringing claims to foreign regulators such as the Ontario Securities Commission and the Canada Revenue Agency. Mary is renowned for her expertise in healthcare, tech, and financial services fraud. She has represented high-profile whistleblowers like Frances Haugen (Facebook) and Tyler Shultz (Theranos), and co-authored The Tech Workers' Handbook, a guide for tech industry whistleblowers. Her advocacy extends to testifying before global governmental bodies, including the European Commission and UK Parliament, championing the effectiveness of U.S. whistleblower programs. Mary holds a J.D. from the University of Pennsylvania Law School and has clerked for judges in both the U.S. District Court and the U.S. Court of Appeals. Outside of her legal work, she enjoys participating in her husband's YouTube channel and spending time in northern Maine. Liz Soltan Associate, Whistleblower Partners LLP Liz Soltan is an associate at Whistleblower Partners LLP, focusing on cases involving financial fraud, anti-money laundering, and sanctions evasion. Her notable work includes representing a foreign whistleblower in a FinCEN sanctions violation case concerning illegal sales to Russia. Liz also contributed to the landmark Medicare Advantage risk adjustment fraud case, United States ex rel. Poehling v. UnitedHealth Group, Inc. Before joining Whistleblower Partners, Liz served as a Skadden Fellow at Community Legal Services of Philadelphia, where she was part of a team that secured $712 million in emergency food stamp benefits for 650,000 households during the COVID-19 pandemic. She earned her J.D. cum laude from Harvard Law School, where she led the Wage and Hour Practice Group at the Harvard Legal Aid Bureau and successfully argued a workers' rights case before Massachusetts' highest court. Liz completed her undergraduate studies at Cornell University, graduating summa cum laude with a major in History and a minor in Spanish. Residing in Brooklyn, Liz maintains strong ties to her Philadelphia roots. She enjoys participating in a fiction-only book club, exploring historical sites, and spending time with her husband, son, and their two cats, Alex Trebek and Vanna White.

Reference email in inbox---Celebrate, The Savior is Here!Jesus Christ is Alive!Get to know Jesus Christ, He will change your life!!!Go to GOD for discernment and wisdom.Know the Truth as the Truth will make you free! (John 8:32)___The Pledge of AllegianceNEO420 = Real News + Real Information for WE THE PEOPLEWE THE PEOPLE are at war with the deepstate criminal cabal!!!Turn off your tv, radio, and stop listening to paid professional liars spreading propaganda.***SUPPORT Independent Free Speech Reporting***Thank you for the SUPPORT & SHARING the TRUTH!!!___Podcast  link is here http://neo420.com/talks-podcast/The video channel link is here. https://odysee.com/@NEO420TALKS:4The Viral Delusionhttp://www.theviraldelusion.com/HAARPDARPA BlackjackAshli Babbit false flag Jan 6 video evidence___NEVER FORGET 9 11!!!Rumsfeld admitted $2.3 Trillion missing from Pentagon Sept 10 2001.  https://odysee.com/@NEO420TALKS:4/rumsfeld-2.1Trillionunaccountedforb-ccriminalsstoleit:7Planes did NOT bring down the two towers.AE911Truth.orgGeorge Bush Sr was CIA director before being Vice President then President.Towers that fell:-Building 1-Building 2-Building 7 (seldom reported even though BBC reporter reported building down before it happened) https://www.youtube.com/watch?v=J0VFMqi--Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.Support the show

Max & Q discuss the ongoing legal battle involving the Samourai Wallet developers, who are facing charges from the US government. They explore the recent developments, including the revelation that the prosecutors withheld critical evidence that could potentially dismiss one of the charges. This evidence, from FinCEN, indicated that Samourai Wallet's noncustodial design did not qualify as a money service business, contradicting one of the charges. They also touch on the implications of the Blanche memo, which suggests a shift in how the DOJ approaches crypto-related cases.Our second major topic is the controversy surrounding the op_return limit in Bitcoin transactions. Max & Q explore the arguments for and against removing the 80-byte limit, with proponents arguing for network efficiency and harm reduction, while opponents fear blockchain bloat and a shift away from Bitcoin's financial focus. They discuss the implications of these changes on the network, including potential impacts on fee estimation and miner centralization. IMPORTANT LINKS https://freesamourai.comhttps://p2prights.org/donate.htmlhttps://ungovernablemisfits.comVALUE FOR VALUEThanks for listening you Ungovernable Misfits, we appreciate your continued support and hope you enjoy the shows.You can support this episode using your time, talent or treasure.TIME:- create fountain clips for the show- create a meetup- help boost the signal on social mediaTALENT:- create ungovernable misfit inspired art, animation or music- design or implement some software that can make the podcast better- use whatever talents you have to make a contribution to the show!TREASURE:- BOOST IT OR STREAM SATS on the Podcasting 2.0 apps @ https://podcastapps.com- DONATE via Paynym @ https://paynym.rs/+misfit- DONATE via Monero @ https://xmrchat.com/ugmf- BUY SOME STICKERS @ https://www.ungovernablemisfits.com/shop/FOUNDATIONhttps://foundation.xyz/ungovernableFoundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty.As a sovereign computing company, Foundation is the antithesis of today's tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can't be evil”.Thank you Foundation Devices for sponsoring the show!Use code: Ungovernable for $10 off of your purchaseCAKE WALLEThttps://cakewallet.comCake Wallet is an open-source, non-custodial wallet available on Android, iOS, macOS, and Linux.Features:- Built-in Exchange: Swap easily between Bitcoin and Monero.- User-Friendly: Simple interface for all users.Monero Users:- Batch Transactions: Send multiple payments at once.- Faster Syncing: Optimized syncing via specified restore heights- Proxy Support: Enhance privacy with proxy node options.Bitcoin Users:- Coin Control: Manage your transactions effectively.- Silent Payments: Static bitcoin addresses- Batch Transactions: Streamline your payment process.Thank you Cake Wallet for sponsoring the show!(00:00:00) INTRO(00:00:41) THANK YOU FOUNDATION(00:01:38) THANK YOU CAKE WALLET(00:02:43) Stag Lyfe(00:10:06) BOOSTS(00:22:23) Samourai Wallet Case Review(00:35:21) OP_RETURN Discussion(00:59:25) Business on Air

Seth for Privacy, VP at Cake Wallet, joins us to discuss the ongoing Samurai Wallet legal case and its implications for Bitcoin privacy. Seth explains how the DOJ's prosecution of Samurai developers threatens the entire crypto privacy landscape, despite FinCEN's admission that self-custodial wallets shouldn't be regulated as money services. He breaks down Bitcoin's current privacy limitations, highlighting promising technologies like Silent Payments and Payjoin V2, while candidly addressing why Monero offers superior privacy by design. Are we re-living through the same cryptography battle we fought in the 90s? Follow our guests: @Sethforprivacy Notes: - Samurai indicted April 24, 2024, despite self-custody - 98% conviction rate in Southern District of NY - DOJ hid key FinCEN evidence from defense - Silent Payments gives one reusable static address - Payjoin V2 coming to Cake Wallet this week - Bitcoin privacy tools fighting transparent design Timestamps 00:00 Start 01:04 Samurai wallet legal case 06:30 Jurisdiction & charges 11:59 How significant is this case? 16:28 Arch Network 17:00 Current privacy on BTC 19:47 Silent payments 21:54 Payjoin V2 24:43 Privacy tech limits of BTC 27:42 Privacy soft forks 32:51 Future of oh-chain privacy 37:31 OP_RETURN debate -

Seth for Privacy breaks down the Samurai Wallet legal case, Bitcoin's current privacy limitations, and solutions like Silent Payments and Payjoin V2. He discusses the government's attack on privacy tools and why Monero offers better privacy by default.You're listening to Bitcoin Season 2. Subscribe to the newsletter, trusted by over 7,000 Bitcoiners: https://newsletter.blockspacemedia.comSeth for Privacy, VP at Cake Wallet, joins us to discuss the ongoing Samurai Wallet legal case and its implications for Bitcoin privacy. Seth explains how the DOJ's prosecution of Samurai developers threatens the entire crypto privacy landscape, despite FinCEN's admission that self-custodial wallets shouldn't be regulated as money services. He breaks down Bitcoin's current privacy limitations, highlighting promising technologies like Silent Payments and Payjoin V2, while candidly addressing why Monero offers superior privacy by design. Are we re-living through the same cryptography battle we fought in the 90s?Follow our guests: @SethforprivacyNotes:- Samurai indicted April 24, 2024, despite self-custody- 98% conviction rate in Southern District of NY- DOJ hid key FinCEN evidence from defense- Silent Payments gives one reusable static address- Payjoin V2 coming to Cake Wallet this week- Bitcoin privacy tools fighting transparent designTimestamps00:00 Start01:04 Samurai wallet legal case06:30 Jurisdiction & charges11:59 How significant is this case?16:28 Arch Network17:00 Current privacy on BTC19:47 Silent payments21:54 Payjoin V224:43 Privacy tech limits of BTC27:42 Privacy soft forks32:51 Future of oh-chain privacy37:31 OP_RETURN debate-

58 crypto wallets have made millions on Trumpcoin while 764,000 have lost moneyFEATURING:Ben Arc (https://twitter.com/Arcbtc)Victoria Jones (https://twitter.com/satoshis_page)Thomas Hunt (https://twitter.com/MadBitcoins)THIS WEEK:  Since when does bitcoin acquiesce to flash in the pan business models ?https://twitter.com/djbooth007/status/1919517956398252118?s=46Source: Twitter/XRemoving Bitcoin's Guardrailshttps://blog.bitmex.com/removing-bitcoins-guardrails/Source: Blog BitmexOP_RETURN shitcoinery intensifies. To do this, these folks need to both find AND pay miners willing to mine these shitcoin transactions. https://twitter.com/fractalencrypt/status/1920139895164613040?s=46Source: Twitter/XOP_RETURN debate is novel due to how factions are split.1) Ruthlessly rational technical folks who understand the dynamics of the network and don't want to play unending subjective games.2) Ideological folks upset by how others use the network who want to play those games.https://twitter.com/lopp/status/1920474177930195408?s=46A quiet change in Bitcoin Core just blew open a years-long battle.https://twitter.com/simpleminingio/status/1920172025072791814?s=46Source: Twitter/XIs Bitcoin about to go parabolic? BTC price targets include $160K nexthttps://cointelegraph.com/news/is-bitcoin-about-to-parabolic-btc-price-160k-nextSource: Cointelegraph$45 million stolen from Coinbase users in the last week — ZachXBThttps://cointelegraph.com/news/45-million-stolen-coinbase-users-last-week-zack-xbtSource: CointelegraphTrump crypto adviser David Bailey raises $300M for Bitcoin investment firmhttps://cointelegraph.com/news/trump-advisor-david-bailey-nakamoto-bitcoin-fundSource: CointelegraphPump.fun Hits Back at Report That Claimed 98% of Memecoins on the Platform Are Fraudulenthttps://www.coindesk.com/business/2025/05/07/98-of-tokens-on-pump-fun-have-been-rug-pulls-or-an-act-of-fraud-new-report-saysSource: CoindeskJUST IN:

 07th May: Blockchain DXB podcast

‘As we start to piece this all together, we found that there were certain trends and typologies that were very similar in terms of how China was working with Russia, as well as how China was working with Iran, and then just kind of shaping out this broader network of actors.' In the latest episode of the Sanctions Space Podcast – recorded at the ACAMS Hollywood Assembly - Justine is joined by Kimberly Donovan, director of the Economic Statecraft Initiative within the Atlantic Council's GeoEconomics Center. They discuss geopolitical trends and the interrelation with sanctions compliance - including the emergence of an ‘axis of evasion' network utilizing techniques such as barter trade to circumvent sanctions restrictions - and how modern financial crime fighters need to increase their understanding of the evolving geopolitical environment in order to build it into their programs. Prior to joining the Atlantic Council, Kimberly served in the federal government for fifteen years, most recently as the acting associate director of the Financial Crimes Enforcement Network's (FinCEN) Intelligence Division and FinCEN's chief of staff and senior advisor to the director. Read Kimberly's full bio here. https://www.atlanticcouncil.org/expert/kimberly-donovan/

The news of Texas covered today includes:Our Lone Star story of the day: Much from the 89th Texas Legislature including: Burrows Blocks Effort Limiting Scholarship Program to US Citizens – ridiculous ruling Following Trump, Texas may recognize Gulf of America ‘Stopping Foreign Adversaries' Land Grabs' Bill Passes House Committee Year-Round Daylight Saving Time Bill Passes Texas House Bill could introduce air conditioning in Texas' sweltering prisons Texas House committee hears proposals to give AG Ken Paxton's office more power [to return powers taken away by a court ruling] McConaughey champions bill to create Texas film incentive fund Texas lawmakers consider barring counties from mailing unsolicited voter registration forms – only a moron could be opposed to what this bill does. Gov't should be neutral to the idea of voting, not working itself and funding others to turn out voters. Requiring voters to prove citizenship spurs concern that eligible Texans won't be able to cast ballots – same arguments used against Voter I.D. which turned out to be untrue. Our Lone Star story of the day is sponsored by Allied Compliance Services providing the best service in DOT, business and personal drug and alcohol testing since 1995.Lubbock County Commissioner Jason Corley joins with TPPF, others, in suing overreaching Financial Crimes Enforcement Network (FinCEN) rulemaking.ICE is reversing termination of international students' legal status, lawyer says. The whole thing has been an example of why conservatives should always be leery of government work, even the government actions you support. It's been a disaster that makes the original intent look terrible. Don't trust government to anything but that which it must do and then expect incompetence.Listen on the radio, or station stream, at 5pm Central. Click for our radio and streaming affiliates.www.PrattonTexas.com

This week, John and Elliot discuss the SEC's statement on offerings and registrations of securities in the crypto asset markets, the UK requirement for identity verification for corporate directors and controlling owners, FinCEN's renewal of geographic targeting orders relating to residential real estate, FCA's updated Financial Crime Guide, and other items impacting the financial crime prevention community.

In this episode of the Whistleblower of the Week podcast, host Jane Turner speaks with whistleblower attorney and former SEC official Andrew Feller. Feller is currently Senior Special Counsel at the leading whistleblower firm Kohn, Kohn & Colapinto, where as co-Chair of the firm's Securities and Commodities Whistleblower Group, he represents whistleblowers who seek to report fraud and other legal violations to financial regulators including the SEC, CFTC, DOJ, IRS, and FinCEN. Prior to joining Kohn, Kohn & Colapinto, Feller investigated and litigated securities fraud matters as Senior Counsel in the SEC's Division of Enforcement.Turner and Feller discuss his career and why he decided to representwhistleblowers. Drawing on Feller's firsthand experience as both an attorney for SEC whistleblowers and an SEC official, they discuss the successes and importance of the SEC Whistleblower Program and the key role whistleblowers play in fighting fraud.Feller explains why the bipartisan SEC Whistleblower Reform Act of 2025 is a critical bill which would strengthen the SEC Whistleblower Program. The National Whistleblower Center is calling for the passage of the SEC Whistleblower Reform Act and has created an Action Alert allowing individuals to write to members of Congress calling for the bill's passage. Listen to the podcast on WNN or on Spotify, Apple Podcasts, or Amazon. Subscribe on your favorite platform!

This week, John and Elliot discuss FinCEN's Financial Trend Analysis, on fentanyl-related illicit finance, the OCC's disclosure of an email breach, the Department of Justice's announcement of a change in focus of its policy on prosecuting crypto crime, the fines against Revolut Bank, the increase in real estate by oligarchs in New York, and other items impacting the financial crime prevention community.

This week, John and Elliot discuss Transparency International's Opacity in Real Estate Ownership Index, FinCEN's alert on bulk cash smuggling by Mexican cartels, IRS-CI's release of 2024 BSA metrics, and its CI-FIRST initiative, Congressional hearings by a House Financial Services subcommittee, and other items impacting the financial crime prevention community.

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.   Crystal Trout is a director with Baker Tilly's Risk Advisory practice. Justin and Crystal discuss her career in anti-money laundering compliance, and what brought her to consulting. They discuss the elements of AML compliance and how the need for it stretches beyond financial institutions to any sector that involves large transactions, including virtual digital assets and investing. They talk about the $3 billion settlement TD Bank entered into with regulators in October of 2024 and the messages that sends both to financial institutions and money criminals. Listen to Crystal's advice to risk professionals who may oversee large transactions. Key Takeaways: [:01] About RIMS and RIMScast. [:15] Public registration is open for RISKWORLD 2025! Engage Today and Embrace Tomorrow with RIMS at RISKWORLD from May 4th through May 7th in Chicago, Illinois. Register at RIMS.org/RISKWORLD. [:31] About this episode of RIMScast. Crystal Trout of Baker Tilly and I will discuss how Anti-Money Laundering regulations are impacting the risk profession. [:56] RIMS-CRMP Workshops! As part of RIMS's continuing strategic partnership with Purima, we have a two-day course coming up on April 22nd and 23rd. Links to these courses can be found through the Certification page of RIMS.org and this episode's show notes. [1:15] Virtual Workshops! On April 16th and 17th, Chris Hansen will lead “Managing Worker Compensation, Employer's Liability, and Employment Practices in the U.S.” [1:29] On June 12th, Pat Saporito will host “Managing Data for ERM” and will return on June 26th to present the very popular new course, “Generative AI for Risk Management”. [1:44] A link to the full schedule of virtual workshops can be found on the RIMS.org/education and RIMS.org/education/online-learning pages. A link is also in this episode's show notes. [1:55] RISKWORLD registration is open. Engage Today and Embrace Tomorrow, May 4th through 7th in Chicago. Register at RIMS.org/RISKWORLD. Also, remember that there will be lots of pre-conference workshops being held in Chicago just ahead of RISKWORLD. [2:14] These courses include “Applying and Integrating ERM,” “Captives as an Alternate Risk Financing Technique,” “Contractual Risk Transfer,” “Fundamentals of Insurance,” “Fundamentals of Risk Management,” RIMS-CRMP Exam Prep, and more! The links are in the show notes. [2:38] Money laundering should be one of the top risks on your risk radar, especially in 2025 as new regulations are added or rolled back. Some high-profile resolutions have made recent headlines. [2:51] To help me make sense of it all for the RIMScast audience, here is the Director of Baker Tilly's Risk Advisory Practice, Crystal Trout. Crystal has more than 23 years of experience working with financial institutions with a focus on financial crimes compliance. [3:08] We're going to talk about anti-money laundering (AML) programs and get some best practices for implementation and reporting. [3:18] Interview! Crystal Trout, welcome to RIMScast! [3:33] Crystal Trout is a director with Baker Tilly's Risk Advisory Group. She joined Baker Tilly after having worked in financial crimes risk for over 23 years. Previously, she was in the financial institution space. [3:51] Crystal switched to consulting to help other financial institutions build out their AML compliance programs and ensure that they're in a good spot for regulatory exams. [4:19] Crystal tells how she was drawn to anti-money laundering. In high school, she had an internship with a financial institution, and it was robbed. [4:37] When the FBI was doing their investigation, Crystal was trying to understand what they were doing and how they were going to catch the robber. She was so fascinated by the process that she changed what she went to school for and altered her career path.  [5:09] Crystal's interest in understanding how fraudsters and money launderers act led her to use her banking career to work in the back office and investigation space. [5:38] Crystal says the institution used dispensers that limited cash, and the robbers only got $500. Because of the weapon they used, the robbers got a massive sentence at trial. [6:38] Crystal explains the current AML environment. Baker Tilly is staying close to any regulatory changes. The complexity of regulations is extensive. It's critical that professionals in this space stay close to the challenges that extend even beyond the regulatory requirements. [6:59] We're seeing more changes in regulations than we have historically had, Crystal observes. It's a matter of understanding the landscape, staying close to the changes, and trying to predict which direction they may go and plan for either direction. The key is planning and not waiting. [7:32] Crystal suggests you should hope for the best and plan for the worst. Make sure that you're prepared to go in either direction, whether regulations are rolled back or strengthened. [7:57] Justin recalls that TD Bank reached a $3 billion settlement with U.S. regulators in October 2024, pleading guilty to failing to maintain an adequate AML program, which unfortunately led to the facilitation of money laundering activities. That's a huge penalty, Crystal points out. [8:37] This event provides valuable insight for risk professionals regarding regulatory expectations and also the consequences of inadequacies in their programs. [8:49] People need to understand that they can't be lackadaisical in their compliance program. They need to be ahead of it. It's all about preparation and planning.  [9:03] In the TD Bank case, regulators had identified substantial weaknesses in the overall transaction monitoring system and due diligence procedures. [9:17] TD Bank had allegedly failed to allocate the resources needed to operate their AML program, but they continued to have significant growth within their higher-risk customer segment and geographical region. [9:35] TD Bank wasn't staying ahead and keeping current with its customer base and the risks that were taking place. Beyond the penalty, TD Bank has expenses for remediation efforts, enhanced compliance infrastructure, and independent monitoring. All of these are added costs. [9:57] Financial institutions may fail to realize the costs that happen beyond the penalty. They may say it costs too much to add the staffing or build the correct tools, not realizing it will cost them more when the regulators find these faults and weaknesses within their program. [10:18] A key lesson to learn is that compliance programs must be able to scale appropriately with the institution's business growth and evolving risk profiles. [10:30] Regulators focus on the overall program effectiveness rather than mere technical compliance, particularly regarding the quality of suspicious activity identification and reporting. [10:41] It's important for institutions that have to comply with these programs to be proactive and make sure they have the correct resource allocation. Those things are key when it comes to ensuring that AML compliance programs operate effectively. [11:11] There are five key pillars involved in an AML compliance program, including a designated compliance officer and following customer due diligence. You build an AML Bible, with paperwork that documents the steps you're going to take to be in compliance. [11:39] It allows your people to understand the risk that the institution is willing to take, and what it's not willing to accept. You document everything as evidence base for regulators, as having the correct tools and technology to support the program's overall risk tolerance. [12:33] Justin and Crystal address the reputational risk to an institution that may come from a regulatory settlement. Crystal states that these settlements signal to the bad guys that they are going to be caught and they're not going to be able to continue to act at that institution. [13:14] Crystal tells about the bank robber. For prevention, when someone comes into the bank, make eye contact, talk to them, and acknowledge them. If they're scouting it out, there's a lot less chance they'll come back to that bank because they are being noticed. [13:37] A criminal may not physically be in the bank, but if you do due diligence up front when they open an account, asking the right questions, and looking for red flags, they may realize that you have a very strong AML program in place and they'll go elsewhere. [14:07] Plug Time! RIMS Webinars! On April 3rd, join Zurich for “Understanding Third-Party Litigation Funding”. On April 10th, Audit Board will present “What CISOs Want Risk Executives to Know About Cyber Risk in 2025”. [14:24] Following the success of their recent webinar, HUB International returns for the next installment of their Ready for Tomorrow Series, “From Defense to Prevention: Strengthening Your Liability Risk Management Approach”. That session will be on April 17th. [14:40] On April 24th, RiskConnect returns to deliver “Better Together: The Marriage of Insurable Risk and Business Continuity”. [14:48] More webinars will be announced soon and added to the RIMS.org/webinars page. Go there to register. Registration is complimentary for RIMS members. [14:59] Important Announcement! RIMS and the Institute of Internal Auditors have entered into an agreement to deliver a selection of the other group's educational programming to their members. Twenty-nine shared courses will be available to both association's members. [15:17] RIMS members can explore the IIA courses that are now available to them at See Courses Here. To access RIMS's complete selection of workshops, webinars, and courses, visit RIMS.org/Education. [15:35] Let's Return to my Interview with Crystal Trout! [15:50] Are risk professionals who are not at financial institutions at risk of inadvertently being caught up in a money laundering crime? Crystal says this question is in the back of the mind of any risk professional. She remembers that running an AML compliance program is stressful. [16:22] There's always the risk that a chief compliance manager could be cited for a failure and have to pay a significant, hefty fine. A risk manager should be aware of this when they're performing any form of transaction. Listen to your gut if something seems off. Don't ignore it. [17:26] Is paying in cryptocurrency a red flag? Navigating AML compliance specifically regarding cryptocurrency is new for a lot of professionals. There are risks and benefits to digital assets concerning AML compliance. [17:54] With any evolving form of payment, if risk professionals aren't staying ahead, truly understanding and navigating how it works, it's going to make it difficult for them to understand red flags and risks that might come, as well. [18:13] There is sometimes a natural fear in risk professionals that because they're not comfortable with cryptocurrency, they're not able to address any legitimate concerns or concerns that may be their internal fear due to the lack of knowledge. [18:45] Is it too risky for a company to announce the voluntary departure of a Chief Compliance Officer? Crystal says the company should already have a plan for somebody to temporarily step in and continue to operate so it doesn't leave a gap or exposure in the organization. [19:22] It's an opportunity for a risk professional to go into a financial institution and make a mark for themselves by helping the institution strengthen its overall compliance program. [19:49] It's a good practice for a company to announce the replacement chief compliance officer at the same time as the announcement of the leaving chief compliance officer. It's part of succession planning. [20:47] The money laundering risk landscape is expanding significantly. Industries outside of finance and banking face substantial financial crime risk and corresponding regulatory scrutiny. They have less mature compliance infrastructure than their banking counterparts. [21:07] Crystal mentions the real estate sector as a potential vehicle for money laundering due to the high-value transactions, price stability, and the lack of historical regulatory oversight. [21:19] Digital asset providers, cryptocurrency exchanges, wallet providers, and any type of virtual asset service providers face intensifying regulatory scrutiny because the platforms can facilitate anonymous transactions. [21:35] The Financial Action Task Force has established clear expectations for virtual asset service providers to implement robust AML controls. Gaming and gambling services present money laundering risk. [21:53] There are other high-risk sectors that money laundering risk could expand to. FinCEN recently required registered investment advisors and exempt reporting advisors who have not been required to have an AML compliance program to have one in place by January 2026. [22:22] We're seeing AML compliance extend beyond traditional banking. [22:34] There are very few industries that, in some form or fashion, could not be a victim of a bad actor performing money laundering. It's just a matter of the bad guy finding a way to do it. [23:09] What steps should a company take when money laundering by an employee is discovered? The appropriate officer needs to start an internal investigation. That's a lengthy process. Make sure the “i”s are dotted and the “t”s are crossed within the investigation. [23:47] Make sure all the evidence and documentation are aligned. Involve HR and the appropriate supervisor authority. If it's shown to be true, interview the individual. It could lead to termination. The investigative process could take months. The authorities may be alerted. [24:39] The company may not want it out in public knowledge and may not file a police report. It can damage a company's reputation. [25:00] Crystal explains her passion for AML compliance and why she became a compliance consultant to help more institutions. The downstream impact is so significant. She wants to make sure the bad apples don't have the opportunity to launder funds. [25:54] Special thanks again to Crystal Trout for joining us here on RIMScast. I've got links to more RIMS coverage of fraud, compliance, financial risk management, and anti-money laundering in this episode's show notes. [26:09] Plug Time! You can sponsor a RIMScast episode for this, our weekly show, or a dedicated episode. Links to sponsored episodes are in the show notes. [26:38] RIMScast has a global audience of risk and insurance professionals, legal professionals, students, business leaders, C-Suite executives, and more. Let's collaborate and help you reach them! Contact pd@rims.org for more information. [26:55] Become a RIMS member and get access to the tools, thought leadership, and network you need to succeed. Visit RIMS.org/membership or email membershipdept@RIMS.org for more information. [27:13] Risk Knowledge is the RIMS searchable content library that provides relevant information for today's risk professionals. Materials include RIMS executive reports, survey findings, contributed articles, industry research, benchmarking data, and more. [27:30] For the best reporting on the profession of risk management, read Risk Management Magazine at RMMagazine.com. It is written and published by the best minds in risk management. [27:44] Justin Smulison is the Business Content Manager at RIMS. You can email Justin at Content@RIMS.org. [27:51] Thank you all for your continued support and engagement on social media channels! We appreciate all your kind words. Listen every week! Stay safe!   Links: RISKWORLD 2025 — May 4‒7 | Register today! Nominations for the Donald M. Stuart Award [Canada] Spencer Educational Foundation — General Grants 2026 — Application Dates Spencer's RISKWORLD Events — Register or Sponsor! RIMS-Certified Risk Management Professional (RIMS-CRMP) RISK PAC | RIMS Advocacy RIMS Risk Management magazine RIMS Now Announcement: RIMS and The Institute for Internal Auditors' Strategic Alliance on Education RIMS Webinars: RIMS.org/Webinars “Understanding Third-Party Litigation Funding” | Sponsored by Zurich | April 3, 2025 “What CISOs Want Risk Executives to Know About Cyber Risk in 2025” | Sponsored by Auditboard | April 10, 2025 “Ready for Tomorrow? From Defense to Prevention: Strengthening Your Liability Risk Management Approach” | Sponsored by Hub International | April 17, 2025 “Better Together: The Marriage of Insurable Risk and Business Continuity” | Sponsored by Riskonnect | April 24, 2025   Upcoming RIMS-CRMP Prep Virtual Workshops: RIMS-CRMP Exam Prep with PARIMA | April 22‒23 Full RIMS-CRMP Prep Course Schedule   Upcoming Virtual Workshops: “Managing Worker Compensation, Employer's Liability and Employment Practices in the U.S.” | April 16‒17 | Instructor: Chris Hansen “Managing Data for ERM” | June 12 | Instructor: Pat Saporito  “Generative AI for Risk Management” | June 26 | Instructor: Pat Saporito See the full calendar of RIMS Virtual Workshops RIMS-CRMP Prep Workshops   Related RIMScast Episodes: “RIMS Legislative Priorities in 2025 with Mark Prysock” “AI and Regulatory Risk Trends with Caroline Shleifer” “Financial Risk Management with Chris Willey of American Eagle FCU” “Maintaining an Award-Winning ERM Program with Michael Zuraw” “ERM in Banking & Finance with Eleni Willis”   Sponsored RIMScast Episodes: “Understanding Third-Party Litigation Funding” | Sponsored by Zurich (New!) “What Risk Managers Can Learn From School Shootings” | Sponsored by Merrill Herzog (New!) “Simplifying the Challenges of OSHA Recordkeeping” | Sponsored by Medcor “Risk Management in a Changing World: A Deep Dive into AXA's 2024 Future Risks Report” | Sponsored by AXA XL “How Insurance Builds Resilience Against An Active Assailant Attack” | Sponsored by Merrill Herzog “Third-Party and Cyber Risk Management Tips” | Sponsored by Alliant “RMIS Innovation with Archer” | Sponsored by Archer “Navigating Commercial Property Risks with Captives” | Sponsored by Zurich “Breaking Down Silos: AXA XL's New Approach to Casualty Insurance” | Sponsored by AXA XL “Weathering Today's Property Claims Management Challenges” | Sponsored by AXA XL “Storm Prep 2024: The Growing Impact of Convective Storms and Hail” | Sponsored by Global Risk Consultants, a TÜV SÜD Company “Partnering Against Cyberrisk” | Sponsored by AXA XL “Harnessing the Power of Data and Analytics for Effective Risk Management” | Sponsored by Marsh “Accident Prevention — The Winning Formula For Construction and Insurance” | Sponsored by Otoos “Platinum Protection: Underwriting and Risk Engineering's Role in Protecting Commercial Properties” | Sponsored by AXA XL “Elevating RMIS — The Archer Way” | Sponsored by Archer   RIMS Publications, Content, and Links: RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community! RIMS Virtual Workshops On-Demand Webinars RIMS-Certified Risk Management Professional (RIMS-CRMP) RISK PAC | RIMS Advocacy RIMS Strategic & Enterprise Risk Center RIMS-CRMP Stories — Featuring Walmart ERM Director Michelle Black!   RIMS Events, Education, and Services: RIMS Risk Maturity Model®   Sponsor RIMScast: Contact sales@rims.org or pd@rims.org for more information.   Want to Learn More? Keep up with the podcast on RIMS.org, and listen on Spotify and Apple Podcasts.   Have a question or suggestion? Email: Content@rims.org.   Join the Conversation! Follow @RIMSorg on Facebook, Twitter, and LinkedIn.   About our guest: Crystal Trout, Director, Risk Services Advisory Group at Baker Tilly   Production and engineering provided by Podfly.  

Originally uploaded March 14, re-edited March 20th. Chris Holman welcomes back Amanda J. Dernovshek, Shareholder, Foster Swift Collins & Smith PC, Lansing, MI with 6 offices across the state. There were several things Chris Holman wanted to find out from Amanda in this conversation: What is the latest update regarding the Corporate Transparency Act? Smith case in Texas – Nationwide ban stayed on February 18 FinCEN Notice on February 19 instituting a March 21, 2025 deadline to comply. i. Notably, FinCEN said it would use the 30 day period to assess its options for further modification of the deadlines and will “prioritize reporting of those entities that pose the most significant national security risks” US Department of Treasury issued a statement March 2, 2025 i. No penalties or fines will be issued for noncompliance ii. Treasury Department will further be issuing a proposed rulemaking that will narrow the scope of the rule to foreign reporting companies only. Simultaneously, there are several cases percolating through the court system. i. A Michigan court just found that the CTA is unconstitutional based on fourth amendment grounds ii. Top Shop case in Fifth Circuit will have oral arguments next month What do all the changes mean? How can we remain up to date on the changes? FinCEN BOI website - https://www.fincen.gov/boi Foster Swift CTA Page - https://www.fosterswift.com/f-corporate-transparency-act.html » Visit MBN website: www.michiganbusinessnetwork.com/ » Subscribe to MBN's YouTube: www.youtube.com/@MichiganbusinessnetworkMBN » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/

The new Geographic Targeting Order requires money services businesses (MSBs) located in 30 ZIP codes across California and Texas to file Currency Transaction Reports with FinCEN at a $200 threshold for cash transactions. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Did you hear about the guy who owned last year's top-performing funds? Yeah, it's too bad he bought them this year, though.There's a lot of evidence to suggest that buying and holding index funds will pay off in the long run. Benji Bailey joins us today to make the case with some impressive numbers.Benji Bailey is Vice President of Investments and Senior Fixed Income Manager at Praxis Mutual Funds, an underwriter of Faith & Finance.The Importance of Indexes in InvestingTo understand index funds, we can view them like guideposts in a national park. Just as signs direct visitors to scenic views and help them stay on the right path, indexes serve as essential benchmarks for investors. These benchmarks, such as the S&P 500 for large-cap stocks or the Bloomberg Aggregate for bonds, allow investors to measure their progress toward financial goals.Without these guideposts, investors risk straying off course, possibly realizing too late that their portfolio has been heading in the wrong direction. Publicly available indexes provide a crucial check-in, ensuring investments align with long-term objectives.Many investors believe they can outperform the market by actively trading stocks. However, research suggests otherwise. A study published in The Journal of Finance found that individuals who frequently traded stocks underperformed compared to those who traded less.Over a six-year period:The market returned approximately 18% annually.Less active traders saw returns of around 16.4%.The most active traders only achieved 11.4%, underperforming by over 6%.This trend highlights the dangers of excessive trading. Warren Buffett summarized it well: “The stock market is designed to transfer money from the active to the patient.” The Bible echoes this wisdom in Proverbs 13:11: “Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.”Active vs. Passive Mutual FundsA key distinction in investing is the difference between active and passive mutual funds:Active funds: Managed by professionals who handpick a smaller set of stocks, hoping to outperform the market.Passive funds: Designed to mirror an index, holding a broad range of stocks for stable, long-term growth.According to Morningstar, over the past 15 years, only 9% of actively managed large-cap funds outperformed their passive counterparts—meaning 91% of active funds underperformed. This data suggests that passive investing can be a more reliable strategy for many investors.Aligning Investments with Faith ValuesMany faith-driven investors worry that traditional index funds may include companies whose values don't align with their beliefs. Praxis Mutual Funds addresses this concern by screening out companies involved in industries such as:AlcoholTobaccoGamblingAbortion-related businessesHowever, the more companies an investor removes from an index, the greater the potential for volatility in returns. For example, removing just one company from the S&P 500 would have little impact, but excluding half of the index's stocks would significantly increase volatility.Praxis Mutual Funds utilizes an optimized equity index strategy to balance faith-based values with financial performance. Instead of replicating an index, Praxis screens out objectionable companies and uses a software-driven approach to reallocate funds into a diversified mix that closely tracks the market's performance.This method allows faith-based investors to remain aligned with their values without sacrificing reasonable returns.The Role of Patience in InvestingMarket volatility can make investing an emotional challenge. Many investors instinctively buy when the market is high and sell when it's low—precisely the opposite of what leads to long-term success.Historical data shows that the S&P 500 has had an average annual return of around 10% over the past 97 years, but actual yearly returns rarely fall near that average. Investors who stay the course and focus on long-term gains are more likely to benefit from market growth.The Bible encourages this patient approach in Ecclesiastes 11:2: “Invest in seven ventures, yes, in eight; you do not know what disaster may come upon the land.” Diversification and patience are essential principles for wise investing.Making a Positive Impact Through InvestingBeyond screening out specific companies, Praxis Mutual Funds takes an active role in making a positive impact through:Proxy voting: Ensuring shareholder influence aligns with faith values.Shareholder engagement: Advocating for ethical corporate practices.Community development investing: Allocating 1% of funds to microfinance and social impact projects.Faith-based investing is about more than avoiding harmful industries; it's also about using investment dollars to create meaningful, Christ-centered change in the world. Whether through index funds or faith-based investment strategies, the goal is to align financial decisions with biblical principles.As Proverbs 21:5 reminds us: “The plans of the diligent lead surely to abundance, but everyone who is hasty comes only to poverty.” A well-planned investment strategy, guided by faith and patience, can lead to lasting financial fruitfulness.For those interested in learning more about faith-based investing, Praxis Mutual Funds provides a wealth of information at PraxisInvests.com.On Today's Program, Rob Answers Listener Questions:As the executor of my deceased relative's estate, do I need to report my role to FinCEN, similar to reporting the controlling party of a company?I'm 85, and I draw Social Security. I used to do side jobs, and when I filed my taxes because of the side jobs, my CPA told me I don't need to file taxes anymore since I'm on Social Security. Now I'm hearing they're talking about cutting taxes on Social Security, so I'm confused. Do I still need to file taxes if Social Security is my only income?Resources Mentioned:Faithful Steward: FaithFi's New Quarterly MagazinePraxis Mutual FundsNeither Poverty nor Riches: A Biblical Theology of Possessions (Volume 7) (New Studies in Biblical Theology) by Dr. Craig BlombergWisdom Over Wealth: 12 Lessons from Ecclesiastes on Money (Pre-Order)Look At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

In this episode, we catch up after a longer-than-usual break and dive into some exciting updates and announcements. We discuss the launch of the Passport Core in stealth mode, a sleek new version of the beloved Passport hardware wallet, now available for order. We also touch on the sold-out status of the classic colorway and the manufacturing timelines for new orders. Additionally, we explore the innovative rugged box case for the Passport Core, crafted by Black Coffee, and celebrate Foundation's fifth anniversary, reflecting on the company's growth and future aspirations.They also discuss into personal projects and community events, including a new Nostr educational website and the upcoming Bitcoin Beach retreat in Wales. In the news segment, we cover a range of topics from a BitAxe block mining success story to regulatory updates from FinCEN and the EU, as well as a tragic plane crash involving a figure linked to The Pirate Bay. We wrap up with updates on various Bitcoin and Lightning projects, including new releases from Zeus, Phoenix, Ronin Dojo, and more, alongside a discussion on the practicality of running Linux on Graphene OS phones.AOBPassport dark mode now available to order (or will be by the time we release this)New Passport cases by BCFoundation turned 5 yesterday!Q has a new websiteMax AOBNoBS Bitcoin taking a breakNEWSAnother BitAxe blockFINCEN Surveillance limit loweredMan held in contempt for refusing to surrender 119.65BTCNo, the EU is not stealing anyone's savingsPirate Bay co-founder dies in plane crashSamourai defense analysisUPDATES/RELEASESZeus v0.10.0Phoenix v2.5.0 + 2.5.1RoninDojo v2.2.0Ashigaru v1.1.1Ashigaru code reviewNunchuk Android 1.9.64Q OS group wallet testingOrange Surf GridLinux on GrapheneOSSimplex v6.3Nym VPN releasedLN SIM expands to cover all of EuropeUnderrated privacy tools on LNIMPORTANT LINKS https://freesamourai.comhttps://p2prights.org/donate.htmlhttps://ungovernablemisfits.comVALUE FOR VALUEThanks for listening you Ungovernable Misfits, we appreciate your continued support and hope you enjoy the shows.You can support this episode using your time, talent or treasure.TIME:- create fountain clips for the show- create a meetup- help boost the signal on social mediaTALENT:- create ungovernable misfit inspired art, animation or music- design or implement some software that can make the podcast better- use whatever talents you have to make a contribution to the show!TREASURE:- BOOST IT OR STREAM SATS on the Podcasting 2.0 apps @ https://podcastapps.com- DONATE via Paynym @ https://paynym.rs/+misfit- DONATE via Monero @ https://xmrchat.com/ugmf- BUY SOME STICKERS @ https://www.ungovernablemisfits.com/shop/FOUNDATIONhttps://foundation.xyz/ungovernableFoundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty.As a sovereign computing company, Foundation is the antithesis of today's tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can't be evil”.Thank you Foundation Devices for sponsoring the show!Use code: Ungovernable for $10 off of your purchaseCAKE WALLEThttps://cakewallet.comCake Wallet is an open-source, non-custodial wallet available on Android, iOS, macOS, and Linux.Features:- Built-in Exchange: Swap easily between Bitcoin and Monero.- User-Friendly: Simple interface for all users.Monero Users:- Batch Transactions: Send multiple payments at once.- Faster Syncing: Optimized syncing via specified restore heights- Proxy Support: Enhance privacy with proxy node options.Bitcoin Users:- Coin Control: Manage your transactions effectively.- Silent Payments: Static bitcoin addresses- Batch Transactions: Streamline your payment process.Thank you Cake Wallet for sponsoring the show!

Beyond IP, the role of geolocation data in combating AML and fraud. John Byrne sits down with David Briggs, CEO and Co-Founder of GeoGuard and GeoComply, to discuss the limitations of IP addresses and the role that advanced geolocation data can play in AML and in fighting other types of financial fraud, FinCEN's recent guidance on encouraging innovative responses to COVID-19 fraud, and how to improve the BSA/AML data analysis infrastructure.

This week, John and Elliot discuss the Geographic Targeting Orders issued by FinCEN, a letter from two senators to the US Treasury about the Corporate Transparency Act, a new report on the looting of Latin American antiquities by cartels, legislation introduced combat debanking, and other items impacting the financial crime prevention community.

What happens when the US government considers creating a cryptocurrency reserve? In this episode, Blake and David dive into Trump's surprising announcement about establishing a crypto strategic reserve and the immediate market reaction. They explore this proposal's potential consequences and skepticism, from security vulnerabilities to valuation challenges.You'll also hear about PwC Israel's $2.8 million fine for exam cheating, Connecticut's push to create alternative CPA licensure pathways, and how accounting firms are expanding into legal services. They also dissect the outcry over federal employees being asked to submit weekly accomplishment reports and break down Citigroup's jaw-dropping $81 trillion transfer error caused by poor software design.Whether you're tracking regulatory changes, interested in the evolution of professional services firms, or simply fascinated by the intersection of finance and technology, this episode delivers insights into the forces reshaping the accounting profession today.Sponsors Bluevine - http://accountingpodcast.promo/bluevine (Bluevine is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC.)  CPA.com - http://accountingpodcast.promo/cpaChapters(00:00) - Introduction and Welcome (00:29) - Crypto's Legitimacy and Trump's Announcement (01:44) - Crypto Market Reactions and Speculations (04:07) - Personal Updates and Hiking Adventure (05:36) - Crypto Reserve Concerns and Security Issues (08:00) - PWC Fined for Cheating Scandal (11:42) - Top Collegiate Accounting Programs (16:52) - FinCEN and Beneficial Ownership Reporting (17:59) - Fyre Festival 2 Announcement (20:46) - CPA Licensure Pathways and Reforms (25:33) - Accounting Firms Expanding into Legal Services (30:45) - Consulting Firms and Government Contracts (36:30) - Government Spending and Nonprofits (37:49) - Consulting Costs and Middlemen (40:18) - The Penny Debate (41:53) - Federal Employee Accountability (58:46) - Elon Musk's OpenAI Offer (01:03:50) - Citigroup's $81 Trillion Error (01:07:36) - Self-Driving Cars and AI (01:10:11) - Conclusion and CPE Message  Show NotesTrump names cryptocurrencies in strategic reserve, sending prices uphttps://www.reuters.com/world/us/trump-says-cryptocurrency-strategic-reserve-includes-xrp-sol-ada-2025-03-02/ Crypto's biggest hacks and heists after $1.5 billion theft from Bybithttps://www.reuters.com/technology/cybersecurity/cryptos-biggest-hacks-heists-after-15-billion-theft-bybit-2025-02-24/ PCAOB Sanctions PwC Israel for Quality Control Violations Related to Widespread Improper Answer Sharinghttps://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-sanctions-pwc-israel-for-quality-control-violations-related-to-widespread-improper-answer-sharing CPA Success Index: Ranking the top collegiate accounting programshttps://www.accountingtoday.com/opinion/cpa-success-index-ranks-top-collegiate-accounting-programs FinCEN Not Issuing Fines or Penalties in Connection with Beneficial Ownership Information Reporting Deadlineshttps://www.fincen.gov/news/news-releases/fincen-not-issuing-fines-or-penalties-connection-beneficial-ownership Fyre Festival 2 tickets are on sale for up to $1.1 million after founder served prison time for defrauding investors of the first eventhttps://fortune.com/2025/02/26/fyre-festival-2-tickets-billy-mcfarland-prometheus-pass-music-lineup/ Progress: Tracking the conversation in all licensing jurisdictionshttps://www.mncpa.org/involvement/legislative/broadening-pathways-to-cpa/national/ Aprio Aims to Enter Legal Industry by Combining with Law Firm in Arizonahttps://www.cpapracticeadvisor.com/2025/02/13/aprio-aims-to-enter-legal-industry-by-combining-with-law-firm-in-arizona/156043/ McKinsey Estimates Advisor Shortage of 100,000 by 2034https://www.wealthmanagement.com/wealth-management-industry-trends/mckinsey-estimates-advisor-shortage-of-100-000-by-2034 Saudi Wealth Fund Blocks PwC from Advisory Work for One Yearhttps://www.bloomberg.com/news/articles/2025-02-28/saudi-wealth-fund-blocks-pwc-from-advisory-work-for-one-year A message from SecVA Doug Collinshttps://www.youtube.com/watch?v=r8Z_RkqSAzo Everyone Hates Pennies, Except This Guyhttps://www.wsj.com/business/mark-weller-penny-defender-trump-d543a9de?mod=business_lead_pos1 Federal workers get a new email demanding their accomplishmentshttps://www.npr.org/2025/03/01/g-s1-51490/federal-workers-new-email-accomplishments Fact Sheet: President Donald J. Trump Proceeds with Tariffs on Imports from Canada and Mexicohttps://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-president-donald-j-trump-proceeds-with-tariffs-on-imports-from-canada-and-mexico/ Sam Altman Rejects Elon Musk's Offer To Buy OpenAI Control—And Mocks Xhttps://www.forbes.com/sites/mollybohannon/2025/02/10/sam-altman-rejects-elon-musks-offer-to-buy-openai-control-and-mocks-x/ Former U.S. Senator Robert Menendez Sentenced To 11 Years In Prison For Bribery, Foreign Agent, And Obstruction Offenses

On this episode, Mark Gallegos, CPA, MST, Partner — Porte Brown, discusses strategies for thriving during tax season. Mark highlights his current challenges but reiterates the importance of staying educated and focused in order to foster a spirit of collaboration and support to get through busy season. What you'll learn from this episode:  Practical tips on supporting staff during busy season How to stay focused and avoid getting distracted with all the noise The importance of providing support and guidance to your colleagues Tips on managing workflow and deadlines AICPA resources Reimaging your tax practice — Tackle today's top practice management issues with insights and tips from pioneers in the tax community. Join the upcoming session on March 19 at 3pm ET to hear about Tax Season Triage: Your questions answered. Beneficial ownership information (BOI) reporting — Access resources to learn about the BOI reporting requirement under FinCEN's Corporate Transparency Act (CTA). Transforming Your Business Model: Talent — Tap into the Private Company Practice Section (PCPS) toolkit for resources around attracting, retaining and developing talent to ensure the growth of the profession and position your firm for success.  Keep your finger on the pulse of the dynamic and evolving tax landscape with insights from tax thought leaders in the AICPA Tax Section. The Tax Section Odyssey podcast includes a digest of tax developments, trending issues and practice management tips that you need to be aware of to elevate your professional development and your firm practices. This resource is part of the robust tax resource library available from the AICPA Tax Section. The Tax Section is your go-to home base for staying up to date on the latest tax developments and providing the edge you need for upskilling your professional development. If you're not already a member, consider joining this prestigious community of your tax peers. You'll get free CPE, access to rich technical content such as our Annual Tax Compliance Kit, a weekly member newsletter and a digital subscription to The Tax Adviser.

BOI Reporting Fines Canceled for U.S. Citizens & Businesses! Big news for U.S. business owners! The Treasury Department has announced that U.S. citizens and domestic businesses will not face fines or penalties for failing to file Beneficial Ownership Information (BOI) reports after new deadlines are set.Last week, FinCEN confirmed that updated BOI reporting deadlines will be announced no later than March 21. However, Treasury has now clarified that they will not enforce penalties or fines associated with the BOI!This decision comes as part of the Corporate Transparency Act (CTA) and is being positioned as a win for reducing regulatory burdens on small businesses. Treasury Secretary Scott Bessent stated that this move aligns with President Trump's goal of fostering economic growth by cutting unnecessary red tape.What does this mean for you?No fines or penalties for U.S. businesses and beneficial owners.A significant shift in compliance obligations under the CTA.Stay tuned for more updates as the final rule changes are announced!Need Help Setting Up An LLC? Please check out my law firm here: https://kkoslawyers.com/ Grab my FREE Ultimate Tax Strategy Guide HERE! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo to explore the Main Street Tax Pro Certification. You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360 Looking to connect with a rock star law firm? KKOS is only a click away! Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

In a major regulatory shift, the U.S. Treasury Department has suspended enforcement of the Corporate Transparency Act (CTA)—a law that required LLCs, corporations, and other business entities to report their beneficial ownership to FinCEN. This decision eliminates the risk of steep fines and criminal penalties for real estate investors and business owners. Treasury officials also announced plans to limit the rule to foreign reporting companies only, a move aimed at reducing regulatory burdens on American businesses. In this episode, Kathy Fettke breaks down what this means for real estate investors, business owners, and the future of financial transparency rules. Tune in now to stay ahead of the latest real estate and investment news! 00:00 Breaking News 00:20 Corporate Transparency Act 01:12 Changes to CTA 01:38 Proposed Rule Making 02:13 Real Estate Investors and Business Owners   LINKS JOIN RealWealth® FOR FREE https://realty.realwealth.com/join-now/ SYNDICATIONS: Wild Pine San Antoniohttps://realwealth.com/wildpine FOLLOW OUR PODCASTS Real Wealth Show: Real Estate Investing Podcast https://link.chtbl.com/RWS Real Estate News: Real Estate Investing Podcast: https://link.chtbl.com/REN   Source: https://home.treasury.gov/news/press-releases/sb0038 

There are two issues that came up at this year's CattleCon that we highlight on this episode of Sorting Pen: trade & taxes. In this conversation hear from past CCA President Tony Toso, who is now chair of the National Cattlemen's Beef Association's (NCBA) International Trade Committee. Later in the episode we hear from NCBA's Associate Director of Government Affairs Kelsea Kemp, who happens to hail from California. Listen as Kelsea shares about NCBA's tax priorities and one specific act NCBA is lobbying on right now.  This episode also explains new updates on The Corporate Transparency Act! Listen to learn more and refer to the resources below.   Episode Resources: Beneficial ownership information can be reported to FinCEN here.A FAQ about reporting under the Corporate Transparency Act is available here.Text us your comments, feedback and episode ideas!

FinCEN announces additional BOI relief and timeframe for additional guidance, IRS announces dirty dozen tax scams for 2025 and more.

This week we look at: FinCEN Announcement on BOI Reporting Penalties Tax Court Case: Alan Hamel and Estate of Suzanne Hamel v. Commissioner IRS “Dirty Dozen” Tax Scams for 2025 IRS Adds Tax Documents to Online Accounts Ways and Means Committee Passes Disaster Relief Bills House and Senate Budget Resolutions

Harsha & Stephan discuss the challenges Bitcoin businesses face regarding regulation, particularly the tightening KYC and AML requirements. Harsha highlights the implications of these regulations on the Bitcoin ecosystem and the role of custodians. The discussion also touches on the evolving regulatory landscape, the impact of political administrations on crypto regulation, and the future of stablecoins. Harsha emphasizes the need for clarity in regulations and the importance of maintaining a balance between compliance and the freedom that Bitcoin offers. The conversation also highlights the challenges developers face in creating tools that respect user privacy while navigating regulatory landscapes. They conclude by exploring the potential future of Bitcoin upgrades and the importance of lobbying for less restrictive regulations to foster industry growth.Takeaways

This week, John and Elliot discuss the results of the February FATF Plenary, GAO reports on BOI, and Assessing Progress on Countering Criminal Activity, new sanctions issued by the UK and EU against Russia, the latest on the requirement to file BOI with FinCEN, priorities of the Acting Comptroller of the Currency, and other items impacting the financial crime prevention community.

This Day in Legal History: John Mitchell SentencedOn February 21, 1975, former U.S. Attorney General John Mitchell was sentenced to prison for his role in the Watergate scandal, along with Nixon's Chief of Staff H.R. Haldeman and domestic adviser John Ehrlichman. The three men were convicted of conspiracy, obstruction of justice, and perjury for their involvement in the cover-up of the 1972 break-in at the Democratic National Committee headquarters. Mitchell, the highest-ranking U.S. law enforcement official at the time of the scandal, was sentenced to 2 ½ to 8 years in prison, marking a significant moment in American legal history. His conviction underscored the principle that no one, not even top government officials, is above the law. Watergate, which ultimately led to President Richard Nixon's resignation in 1974, exposed widespread political corruption and abuses of power within the administration. Mitchell's sentencing reinforced the legal consequences of obstructing justice and abusing executive power. Though he served only 19 months before being released on parole, his downfall symbolized the erosion of public trust in government. The Watergate scandal also led to legal reforms, including campaign finance regulations and increased congressional oversight of the executive branch. Mitchell, once a powerful political figure, spent his later years largely out of the public eye. His case remains a key example of how legal accountability can reach even the highest levels of government.A federal judge ruled that the Trump administration failed to comply with an order to resume USAID foreign assistance payments but declined to hold the government in contempt. The lawsuit, brought by two nonprofits, accused the administration of ignoring a Feb. 13 temporary restraining order meant to restart funding while a broader injunction was considered. The government argued it had discretion under existing agreements to terminate funding despite the ruling. Judge Amir Ali disagreed, finding that the administration continued to block funds in defiance of his order, though he stopped short of issuing a contempt ruling. Concerns about Trump defying court orders have grown, especially after another judge found his administration in violation of a similar ruling on domestic funding. The Justice Department claimed it complied with the order by reviewing contracts and canceling most payments, prompting the nonprofits to file a contempt motion. The case highlights ongoing legal battles over executive power and funding decisions.Judge Says Trump Administration Didn't Follow His Funding OrderRecent legal and executive actions have significantly reshaped the power and independence of federal agencies and administrative law judges. President Donald Trump issued an executive order asserting greater presidential control over independent agencies like the SEC and FTC, undermining their traditional autonomy from the White House. The order requires these agencies to submit rulemaking proposals for executive review, allows the president to direct their legal interpretations, and grants the Office of Management and Budget control over agency spending. Critics argue this effectively eliminates the independent agency model Congress created to insulate regulatory bodies from political influence. Meanwhile, the Justice Department has declared the legal protections preventing the removal of administrative law judges unconstitutional, signaling a shift in how executive power may be used to reshape agency adjudication. This move follows Supreme Court rulings limiting agency authority and reflects broader conservative efforts, backed by figures like Elon Musk, to curb the regulatory state. Lawsuits over Trump's agency firings and judicial challenges to the Justice Department's stance are ongoing, setting the stage for further legal battles over executive power and regulatory oversight.Trump's Independent Agency Order Strikes at Model Congress MadeUS declares administrative law judge removal rules unconstitutional | ReutersThe IRS planned to notify thousands of employees of their termination via email on Thursday, but a technical glitch prevented many from receiving the message. Despite the error, the terminations are proceeding, with affected employees set to receive official notices via overnight mail. The layoffs affect approximately 6,700 probationary workers as part of Elon Musk's Department of Government Efficiency initiative, which is implementing widespread job cuts across federal agencies. Other agencies, including the Small Business Administration and the Department of Energy, have faced similar challenges, mistakenly sending and retracting termination notices. The IRS has not indicated any reversal of its decision, stating that the cuts align with an executive order to eliminate non-critical probationary employees.IRS Plans to Cut Thousands of Workers by Post After Email Glitch - BloombergThe Corporate Transparency Act (CTA), requiring U.S. businesses to disclose their beneficial owners, is set to take effect on March 21, but uncertainty remains as legal and political challenges continue. The Financial Crimes Enforcement Network (FinCEN) announced the deadline after a court lifted the last nationwide injunction against the law, though it may still modify the rules or delay enforcement. The CTA aims to combat financial crimes by cracking down on anonymous shell companies, but businesses argue that the requirements are overly broad and burdensome. Political opposition, particularly from Republican lawmakers, has led to efforts to repeal or delay the law, with the House overwhelmingly passing a bill to push the deadline to 2026. FinCEN also faces practical difficulties, including technical issues with its filing system and uncertainty over the number of businesses required to report. While some companies have already submitted their disclosures, others remain hesitant due to confidentiality concerns. Ongoing court battles could further disrupt enforcement, leaving many businesses frustrated by the shifting legal landscape.Corporate Transparency Deadline Set, but Uncertainty Still LoomsThis week's closing theme is by Frédéric Chopin. Frédéric Chopin, one of the most beloved composers of the Romantic era, was born in 1810, though the exact date remains a matter of debate. Some sources claim he was born on February 22, while others insist it was March 1. Regardless, his influence on classical music is undeniable. A Polish virtuoso pianist and composer, Chopin's works are celebrated for their emotional depth, intricate melodies, and rich harmonic textures. Unlike many composers of his time, he focused almost exclusively on piano music, creating some of the most poetic and technically refined pieces in the instrument's repertoire.Chopin's music was deeply personal, often reflecting his longing for his homeland after leaving Poland in 1830. His compositions blend the elegance of classical forms with the expressive lyricism of Romanticism, making his works both technically challenging and emotionally profound. His health was fragile throughout his life, and he died of tuberculosis in 1849 at just 39 years old. Despite his short career, his music remains a cornerstone of the piano repertoire, admired for its beauty and complexity.For this week's closing theme, we turn to one of Chopin's most famous and cherished works: Nocturne No. 2 in E-flat Major, Op. 9, No. 2. This nocturne captures the essence of Chopin's style—graceful, flowing melodies, delicate ornamentation, and an intimate, dreamlike atmosphere. The piece unfolds like a quiet conversation, with its gently lilting rhythm and luminous harmonies evoking a sense of nostalgia and serenity. It's a perfect way to end on a reflective note, immersing us in the timeless beauty of Chopin's music.Without further ado Frédéric Chopin's Nocturne No. 2 in E-flat Major, Op. 9, No. 2, enjoy. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen explain FinCEN's BOI requirement and what it means for LLCs and corporations. With compliance deadlines approaching fast, they provide expert guidance on how to file properly and avoid costly fines.Here are some of the highlights:Mark and Mat discuss the recent developments, including the overturning of a previous injunction and the reinstatement of BOI enforcement by FinCEN.Mat provides the new deadline for filing the BOI in 2025.Mat details the information required for the BOI, including the name of the business, tax ID, EIN, and the names and home addresses of owners and those with substantial control.Importance of listing all owners, including those who own 25% or more and those with control through trusts or other entities.Context of the policy behind the BOI, aiming to prevent money laundering and other illegal activities by requiring transparency in business ownership.The process of filing the BOI through the FinCEN website or using their law firm's services, which can help simplify the process.Discussion on the exceptions to filing the BOI, including entities with more than 25 employees or $5 million in revenue.Mark and Mat strongly urge filing even if the entity has not been active, as non-use does not exempt the requirement. Grab my FREE Ultimate Tax Strategy Guide HERE! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo to explore the Main Street Tax Pro Certification. You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360 Looking to connect with a rock star law firm? KKOS is only a click away! Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

Send us a textThe episode dives into the updates surrounding the BOI report, which requires LLC owners to report beneficial ownership information to FINCEN. Here we discuss the BOI updates as of today!• Introduction of the BOI report and its purpose • Current status, with no legal obligations to file now • Importance of monitoring updates closely • Recommendations for proactive filing and seeking clarity • Encouragement to share the episode for awarenessCreate a STAN Store - Click here to try it out!Here's where you can find us! Follow along on Instagram for lots of free content for business owners daily!Shop our business guides!Our Instagram PageOur family page

In this look back episode...We go behind the scenes with the International Consortium of Journalists for a look at how the FinCen files came to fruition.To contact me:Bobbycapucci@protonmail.comIf you enjoy my content and want to help support the podcast:Source:https://www.icij.org/investigations/fincen-files/how-our-smallest-fincen-files-stories-captured-the-biggest-data-lessons/Become a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

Host Mark Levine of NYC Property Management firm EBMG shares information regarding compliance topics that are relevant in the first few months of 2025.Email the show! nycrealestatepodcast@gmail.com Corporate Transparency Act: The required filings through the CTA (the Beneficial Owner Information) has been restarted to now require a March 21, 2025 filing. Link to FinCen info here: https://fincen.gov/boi Local Law 11 / FISP Cycle 10A starts on 2/21/25 and last for a period of two years. We recommend that if your building is in the A subcycle that you get started immediately on the inspection and work that may be needed. Local Law 157 gas detectors are required to be installed by May 1, 2025 in all areas that have a gas hookup in residential private spaces as well as building common areas.Feel free to reach out to Mark Levine at his corporate email of mblevine@ebmg.com or via phone at 212-335-2723 x.201.

In this episode of The Compliance 911 Show, Dean and Len discuss the key regulatory and compliance trends expected in 2025. While a Republican-controlled government may signal potential regulatory easing, changes will take time to materialize, making 2025 a pivotal and costly year for compliance. Key areas of focus include anti-money laundering (AML) and know-your-customer (KYC) regulations, with FinCEN pushing for stricter reporting requirements and global efforts to standardize compliance. AI-powered compliance tools, blockchain, and cybersecurity are also highlighted as both opportunities and risks, with new regulations likely addressing AI bias and data protection concerns. Additionally, banks must enhance third-party risk management and brace for increased scrutiny in consumer protection, digital banking, and financial inclusion efforts, particularly with changes to the Community Reinvestment Act (CRA) and Section 1071. The discussion underscores the importance of staying ahead of regulatory shifts to navigate an evolving financial landscape. Brought to you by GeoDataVision and M&M Consulting

The Corporate Transparency Act (CTA) is a new federal law requiring millions of businesses to report their beneficial ownership to the Financial Crimes Enforcement Network (FinCEN). But who needs to file? What are the penalties for non-compliance? And why has the CTA been challenged in court?In this video, we cover:✅ Who must file under the CTA (LLCs, Corporations, and Foreign Entities)✅ Key deadlines & reporting requirements✅ Potential penalties for non-compliance✅ Why 93% of businesses are unaware of this law✅ Legal challenges and the possibility of repealDon't get caught off guard—learn how the CTA impacts small businesses, foreign investors, and corporate compliance in 2025 and beyond.

FinCEN has confirmed that, since December 7, 2024, reporting companies have not been, and will continue to not be, required to file beneficial ownership reports for as long as an injunction of the CTA remains in effect. Please join Mayer Brown partners Matt Bisanz and Gina Parlovecchio to understand what that means and how it may impact your organization.

This week, we are joined by Todd Cox and Rick Cenname! We discuss lots of great topics, including the tax deadlines for 2024 filings and if you need to file my BIOR with Fincen. We also dive into an article stating that 2025 is going to be rough for Las Vegas valley residential real estate. #Fincen #Taxes #TaxSeason #Questions #Discussion #RadioShow #LasVegas #LasVegasRealEstateRadio #RealEstate Facebook: www.facebook.com/LVRealEstateRadio Twitter: www.twitter.com/LVRERadio LinkedIn: www.linkedin.com/in/LVRealEstateRadio Instagram: www.instagram.com/lvrealestateradio/ SoundCloud: @lvrealestateradio Website: www.lvrealestateradio.com Youtube: www.youtube.com/@LasVegasRealEstateNOW

Text Rudy Now!SummaryIn this dynamic episode of Talking Pools, Rudy Stankowitz delves into critical topics impacting the pool service industry and small business owners. He addresses the importance of contractor licensing, explores the implications of Beneficial Ownership Information (BOI) for business compliance, and emphasizes staying ahead of regulations to protect legitimate operations. Rudy is joined by Pete Paloalto from Coachella Valley Pools, who shares his inspiring journey from banking to pool service entrepreneurship. Together, they discuss the rise of Pete's popular ‘Tip of the Day' series, the role of social media in business growth, balancing family and work, and the value of community in the industry. Rudy lightens the mood with a humorous exploration of the word ‘dingleberry,' showcasing the quirks of language and its cultural evolution.TakeawaysA new contractor in Florida is reporting unlicensed companies, highlighting the importance of obtaining proper contractor licensing.Beneficial Ownership Information (BOI) filings with FINCEN are vital for small business transparency and compliance.Non-compliance with BOI regulations can lead to severe penalties; accurate and up-to-date filings are essential.Consulting financial professionals is advisable for navigating BOI requirements.Pete's ‘Tip of the Day' series started as a challenge and propelled his Instagram following from 350 to nearly 5,000, underscoring the power of social media for business growth.Transitioning from banking to pool service helped Pete manage anxiety and find a fulfilling career path.The pandemic had minimal impact on Pete's business, thanks to strong community support and adaptability.Pete prioritizes balancing family life with work and emphasizes mental health awareness in the service industry.Rudy's humorous take on the word ‘dingleberry' illustrates the absurdity and evolution of language, adding a light-hearted touch to the discussion.Understanding and complying with industry regulations safeguards businesses against fraud and enhances long-term success.This episode is a blend of practical insights, personal stories, and humor, offering something valuable for every pool service professional and small business owner. AquaStar Pool ProductsThe Global Leader in Safety, Dependability, & Innovation in Pool Technology.POOL MAGAZINE Pool Magazine is leading up to the minute news source for Swimming Pool News and Pool Features. OuBLUERAY XLThe real mineral purifier! Reduce your pool maintenance costs & efforts by 50%Jack's MagicIf you know Jack's you'd have no stains!RaypakRaypak, leading the evolution of environmental efficiency and sustainability in pool heaters.Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the showThank you so much for listening! You can find us on social media: Facebook Instagram Tik Tok Email us: talkingpools@gmail.com

The Corporate Transparency Act is the new law that requires certain “reporting companies” (corporations or LLCs of fewer than 20 employees and $5 million or less in revenue) to report beneficial ownership information to FinCEN, the Financial Crimes Enforcement Network, or else face daily fines and up to two years imprisonment! A federal court in Texas issued a nationwide preliminary injunction in early December 2024, preventing the federal government from enforcing the law for the time being. An appeals court then changed course later in December – only to vacate its own decision days later, again pausing the reporting requirements. The result is that reporting companies are not under obligation to report – for now – but this appeal is ongoing such that the duty to report could once again come into effect. Consult your lawyer and accountant for additional guidance and go to FinCEN.gov/boi for news alerts as the situation develops. ***** Note that the criteria for reporting companies overlaps quite closely with the profile of an independent oil and gas company as defined by the IPAA, citing the IRS Code (See IPAA.org). - - - - - This message is for informational purposes only and is not, nor is intended to be, legal advice. Contact your legal counsel and accountant for additional guidance and see FinCEN FAQs at FinCEN.gov/boi.

The department of justice has filed an emergency appeal to reverse the recent court ruling on the FinCEN Beneficial Ownership Information (BOI) requirement. In this episode, Mat breaks down what this appeal means for small business owners, the potential implications for compliance, and what steps you should consider taking in the meantime.  If you're a small business owner wondering whether you need to file a BOI or how this ruling impacts your LLC or corporation, this is a must-watch (or listen). Stay informed and ahead of the curve as this legal battle unfolds.   Grab my FREE Ultimate Tax Strategy Guide HERE! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo to explore the Main Street Tax Pro Certification. You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360 Looking to connect with a rock star law firm? KKOS is only a click away! Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

On Hacking Humans, Dave Bittner, Joe Carrigan, and Maria Varmazis (also host of N2K's daily space podcast, T-Minus), are once again sharing the latest in social engineering scams, phishing schemes, and criminal exploits that are making headlines to help our audience become aware of what is out there. First we start off with some follow up, our hosts share some more information on VIN swapping, and a clarification on bank participation in FinCEN. Maria shares a telling tale about a Bethesda couple loosing $367,000 in gold bars to a sophisticated scam involving fake officials and elaborate deceptions, but a police sting led to the arrest of a suspect, highlighting a growing nationwide trend of elderly victims targeted by gold bar fraud. Joe's story comes from KnowBe4 and is on DavidB, their VP of Asia Pacific, thwarting a sophisticated social engineering attack via WhatsApp by recognizing inconsistencies in the impersonator's behavior and verifying directly with the colleague they claimed to be. Dave's story comes from the FBI on how criminals are exploiting generative AI to enhance fraud schemes, including using AI-generated text, images, audio, and video to create convincing social engineering attacks, phishing scams, and identity fraud, while offering tips to protect against these threats. Our catch of the day comes from a listener who received an urgent email from someone claiming to be an FBI agent with a rather dramatic tale about intercepted consignment boxes, missing documents, and a ticking clock—but let's just say this "agent" might need some better training in both law enforcement and grammar. Resources and links to stories: “VIN swap scam costs Las Vegas man $50K, new truck" FinCEN Gold bar scammers claimed hackers could fund Russian missiles, police say Real Social Engineering Attack on KnowBe4 Employee Foiled Criminals Use Generative Artificial Intelligence to Facilitate Financial Fraud You can hear more from the T-Minus space daily show here. Have a Catch of the Day you'd like to share? Email it to us at hackinghumans@n2k.com.

Breaking News: a federal court ruling temporarily blocks the enforcement of the Corporate Transparency Act (CTA). The CTA requires companies, including LLCs, to disclose their beneficial owners to the U.S. Treasury Department. Host, Kathy Fettke, explains what this court decision means for real estate investors, especially regarding privacy, CTA compliance risk, and business structures.     (00:00) Breaking News! (00:30) Temporary Halt on Corporate Transparency Act (01:51) Why Real Estate Investors Should Care   Links:   JOIN RealWealth® FOR FREE https://realty.realwealth.com/join-now/   FOLLOW OUR PODCASTS The Real Wealth Show: Real Estate Investing Podcast https://tinyurl.com/RWSsubscribe Real Estate News: Real Estate Investing Podcast: https://tinyurl.com/RENsubscribe     Source: https://www.foley.com/insights/publications/2024/12/federal-court-enjoins-government-enforcing-corporate-transparency-act/

Is Your Beauty Business Ready for the New Year?The clock is ticking! Did you know you need to file your Beneficial Ownership Information (BOI) with FinCEN by December 31st? This new requirement under the Corporate Transparency Act could cost your business thousands in fines if missed. Don't let this slip through the cracks!In this episode of Your Day Off Podcast, @hairdustryhost and co-host Misty Jayne (@starting.messy.podcast) are joined by CPA and beauty pro Michelle Cook (@smallbusinesscpa). Michelle breaks down everything you need to know about BOI filings, compliance, and how to protect your business from financial pitfalls.Why should you listen? Understand exactly what BOI filing means for your business and how to get it done fast. Learn the critical steps to ensure compliance and avoid hefty penalties. Get expert insights to keep your salon or small business financially sound.If you know a business owner, SHARE this episode with them—you could literally save them thousands of dollars.Season 7, Episode 37: CPA Michelle Cook – BOI FinCENAvailable now on all podcast platforms.What's one financial step you're taking to prepare for the new year? Share your thoughts! --- Support this podcast: https://podcasters.spotify.com/pod/show/hairdustry/support