Anti Money Laundering in the United States

Synopsis

Recent banking scandals have exposed the greater need for federal legislation preventing U.S. citizens from hiding their offshore accounts to avoid paying taxes. In 2010, Congress passed the Foreign Account Tax Compliance Act (FATCA) to remedy this problem. The new reporting requirements of FATCA will have a profound impact on U.S. taxpayers and the international finance industry. Presenters William H. Byrnes, IV and Alberto Gil will explain in detail the essential portions of FATCA, its impact on foreign institutions, and inform viewers of when important phases of FATCA go into effect.



Outline

I. Introduction

II. US AML Regime: Subjective Issues

III. US AML Regime: Objective Issues

IV. Legal Requirements

V. Penalties





Speakers / Authors:

Photo of Jason Fiske

Jason Fiske

• B.A. in Political Science, and History

• J.D., Thomas Jefferson School of Law

• LL.M. in International Taxation and Financial Services, Thomas Jefferson School of Law

• Bar Admittance: CA

• Adjunct Professor, Thomas Jefferson School of Law

Mr. Fiske graduated from the University of California at San Diego with a double major in Political Science and History. Most importantly, this is where he met his wife. Not wanting to leave San Diego, Mr. Fiske went to Thomas Jefferson School of Law and took classes focusing on estate planning and business law. After graduating, Mr. Fiske stayed at Thomas Jefferson School of Law and completed his LL.M in International Taxation and Financial Services.

Mr. Fiske is an adjunct professor in Thomas Jefferson School of Law’s International Taxation and Financial Services program in Partnership Taxation and Civil Tax Procedure. Mr. Fiske is a practicing attorney in California. He stays active by regularly playing basketball, softball, and baseball. Mr. Fiske also volunteers frequently through his church and Thomas Jefferson house-building and children feeding ministries. Mr. Fiske is an avid sports fan, who follows the San Francisco Giants, the San Francisco 49ers and the Sacramento Kings.

Photo of William H. Byrnes

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William H. Byrnes
Thomas Jefferson School o f Law

• B.A. in Policy & Economics Tulane University
• J.D., Loyola University School of Law
• LL.M., Universiteit van Amsterdam
• Was previously an Associate Director of international tax for Coopers and Lybrand, and practiced in Southern Africa, Western Europe, South East Asia, the Indian sub-continent, and the Caribbean.
• Commissioned by multiple governments on tax policy
• Associate Dean for Graduate & Distance Education Programs Thomas Jefferson School of Law.

William H. Byrnes is a prominent figure in the world of international taxation. He has practiced on the international stage from Southern Africa to South East Asia. As a result of his expertise, Mr. Byrnes has been commissioned by a number of governments to develop tax policy. Additionally, he has been a professional trainer for over 100 professional association conferences, government workshops, stock exchanges, and financial services in-house programs.

 Mr. Byrnes has authored or edited 19 books and compendia of 38 volumes, 25 book & treatise chapters, 725 articles, and a monthly subscriber tax newsletter. When Mr. Byrnes was an Associate Director of international tax for Coopers and Lybrand, he practiced in Southern Africa, Western Europe, South East Asia, the Indian sub-continent, and the Caribbean. As a result of his vast expertise, he has advised a number of governments on tax policy.

In 2005 Mr. Byrnes obtained tenure and title of professor of law, and in 2008 rose to the level of Associate Dean at the Thomas Jefferson School of Law. He has served as Chairs of two AALS sections: Post Graduate Legal Education and Graduate Programs for Foreign Lawyers, and is currently on the Executive Committee of the Section on International Legal Exchange. He has taugh both Civil and Common law courses, as well as taxation courses. Mr. Byrnes is a graduate of Tulane University and the Loyola University School of Law. He also received his LL.M from the Universiteit van Amsterdam.

Photo of Alberto Gil

Alberto Gil

  • J.D. University of Valencia • LL.M., International Taxation and Financial Services Thomas Jefferson School of Law
  • Ph.D in Tax Law University of Bologna, Italy
  •  Bar Admittance: Madrid Bar Association, Spain
  • Assistant Professor University of Valencia
  •  Also an FPU-MEC research fellow at the Tax Law Department, University of Valencia
  •   Visiting Scholar Thomas Jefferson School of Law
  • Currently working as a member of the Financial Integrity Group of the International Monetary Fund’s Legal Department
Alberto Gil is currently working as a member of the Financial Integrity Group of the International Monetary Fund’s Legal Department and a visiting scholar at Thomas Jefferson School of Law. He is also an Assistant Professor and a research fellow at the Tax Law Department at the University of Valencia. He received his J.D. from the University of Valencia and his LL.M. in International Taxation and Financial Services from Thomas Jefferson School of Law. He also received his Ph.D. in Tax Law from the University of Bologna, Italy. Alberto is a member of the Madrid Bar Association.

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Price (USD)

Standard Rate: $225.00

Details

Course Code : 112005405

Release Date: 4/11/2013 12:00:00 AM
Length: 1hr 50min
Recorded Date: 5/27/2012
Format Type: Video

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