Tag Archives: schemes

SEC News – Flipping Bonds, Kickback Schemes, and Offering Fraud

Citigroup to Pay More Than $10 Million for Books and Records Violations and Inadequate ControlsCitigroup has agreed to pay $10.5 million in penalties to settle two enforcement actions involving its books and records, internal accounting controls, and trader supervision. The … Continue reading

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IRS Warns on State Charitable Deduction Schemes to Allow Property Taxes Deduction

The Tax Cuts and Jobs Act of 2017 limits the Code §164 deduction of individuals for state and local taxes to $10,000 per year ($5,000 for married individuals filing a separate return). Thus, many taxpayers in states with high state … Continue reading

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EPC position paper on Brexit and UK PSPs’ participation in SEPA schemes

On 30 May 2018, the European Payments Council (EPC) published a position paper on Brexit and UK payment services providers’ (PSPs) participation on the Single Euro Payments Area (SEPA) schemes. The position paper briefly discusses the following three scenarios: the … Continue reading

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HM Treasury publishes summary of responses to its consultation on cash ratio deposit schemes

On 8 February 2018 HM Treasury published a consultation on a proposed change to the cash ratio deposit (CRD) scheme (our blog is here). The consultation set out the Government’s proposals to: move from a fixed ratio to a ratio … Continue reading

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FTC temporarily halts four cryptocurrency chain referral schemes

On March 16, 2018, a federal US District Court judge in Florida unsealed a March 12, 2018, temporary restraining order he had granted at the request of the Federal Trade Commission (FTC) against four individuals and their companies, relating to … Continue reading

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