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IRS reports problems with crypto tax enforcement
Digital asset seizure values have grown exponentially, topping $7 billion in 2022, but compliance enforcement with virtual currency is difficult, according to a new Treasury Department report.
FinCEN official: Beneficial ownership reporting only takes 20 minutes to complete
Financial Crimes Enforcement Network Deputy Director Jimmy Kirby said most companies should be able to file beneficial ownership information reporting quickly and without the help of an attorney or...
ICBA: Fed has discretion to deny master account access
ICBA told a U.S. appellate court that federal law provides the Federal Reserve Banks with the discretion to deny or grant master account access.
EGRPRA outreach meeting registration closes tomorrow
ICBA encourages community bankers interested in providing oral comments at federal regulators’ virtual public outreach meeting on banking regulations to register by tomorrow’s deadline.