Reported by Adam Schrader A law enacted in 2021 to combat money laundering, tax fraud, and corruption went into effect on January 1, 2024, posing a legal risk for artists who do not comply, experts are warning. Hannah Cole, a tax professional and artist herself, penned an op-ed in Hyperallergic on Tuesday, revealing that Corporate Transparency Act […]
Reported by David Leask America has imposed sanctions on three Scottish shell firms it believes are being used to aid Russia’s war effort. United States authorities formally listed the Edinburgh-registered limited partnerships or SLPs earlier this year. They did so as part of a crackdown on a Swiss financier who they – and the British […]
Reported by U.S. Department of State The U.S. Department of State’s Rewards for Justice Program is offering a reward of up to $10 million for information leading to the disruption of financial mechanisms of the Foreign Terrorist Organization Hamas. Under this reward offer, the Department seeks information on Hamas financial facilitators Abdelbasit Hamza Elhassan Khair, […]
Reported by CHRIS MORRIS The Washington Consumer Protection Coalition, a consumer action group, is accusing Starbucks of exploiting customers via its gift card and app payments, forcing them to enter a spending cycle where they will never be able to fully spend the remaining balance of prepaid amounts. “Starbucks rigs its payment platform so consumers […]
Reported by MARTÍN ADAMES ALCÁNTARA Dominican prosecutors on Wednesday accused Wander Franco of commercial sexual exploitation and money laundering following allegations that the Tampa Bay Rays shortstop had a relationship with a minor whose mother also faces the same charges. Prosecutors requested that a judge hold Franco on an $86,000 bond, bar him from leaving […]
Reported by The Economist Brazilians have long been early adopters of fintech. In 2017, EY, an accounting firm, found that two-fifths of Brazilians regularly used online banking, one of the highest rates worldwide. In 2020 44% of customers had a digital-only account, compared with less than 20% in the United States and Canada, according to […]
By Robert A. Johnston Jr., Melissa L. Wiley, Paula A. Ladd, Samantha Sigelakis-Minski, Sara Lazarevic, and Stephanie Stephenson On Dec. 22, New York Governor Kathy Hochul signed the New York Limited Liability Company Transparency Act (“NY LLC Transparency Act”) into law.1 The NY LLC Transparency Act is modeled on the Corporate Transparency Act (“CTA”), a federal law aimed at tackling tax evasion […]
Reported by Edward Helmore It has long been known that the disgraced sex offender Jeffrey Epstein operated at the center of a globe-spanning network of the rich, famous and powerful but the documents released Wednesday were nonetheless shocking in revealing the sheer magnitude of his elite circle. Through the prism of a defamation lawsuit involving allegations against […]
Reported by Unusual Whales Unusual Whales recently reported that Democrats from the U.S. Congress engaged in insider trading beat the S&P 500 in 2023. Watch Video and see charts from below. Follow Unusual Whales via X located at: https://x.com/unusual_whales?s=21
Reported by Vivian Nereim and Tariq Panja When Senator Robert Menendez arrived in Qatar in 2022 to attend the country’s lavish production of the men’s soccer World Cup, he gave an unusual interview to the authoritarian government’s news agency praising the progress that Qatar had made on labor rights. The tiny Gulf state was facing […]
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