This training on BSA compliance will help you understand the concept of tax evasion and tax fraud and the difference between the two. Learn the best practices to identify tax fraud and how to report suspicious activity.
Why Should You Attend:
Tax Evasion and Tax Fraud are at the cornerstone of an effective BSA/AML compliance program. Effective monitoring and proper understanding of the topic are required to accurately describe the transactions on a Suspicious Activity Form.
This webinar will address the types of transactions and give you examples of how to drill down further to assess those risks.
Areas Covered in the Webinar:
- Resources.
- What’s the difference? Tax Evasion vs Tax Fraud
- Why do I care?
- Definitions
- Why it matters
- Global Tax Evasion
- The Swiss Connection
- Tax Havens
- Ties to Money Laundering and Terrorism
- FATCA. Foreign Account Tax Compliance Act
- Identity Theft and Tax Fraud
- FinCEN & Red Flags
Recently Asked Questions:
- Is there a published list of high-risk NAICS codes?
- Are there any sources for typical business activity for different types of businesses? For example xx% of a liquor store deposits are normally in cash.
Who Will Benefit:
- Financial Officers
- Bank Secrecy Act Officers
- Front Line Staff
- Risk Officers
- Operational Managers
For More Info :-https://www.complianceonline.com/tax-evasion-and-tax-fraud-webinar-training-703110-prdw?channel=Globalriskcommunity
Comments