Historical Abuses Of Beneficial Ownership Disinformation
Stanley Foodman, CPA, CFE, CFF, CAMS, CGMA, will address the challenges of obtaining financial account and asset beneficial ownership in the current environment and the most recent FINCEN proposed rules for implementing a uniform “look through” approach and procedures for obtaining actual beneficial ownership, with this session.
Beneficial ownership disinformation has been a driving force behind terrorist financing, international tax evasion, political corruption and a host of other crimes including international human trafficking.
A brief history of how local law has permitted the hiding of beneficial ownership
Existing structures used for covering up beneficial ownership
Historical abuses of beneficial ownership disinformation
A “look through” approach for obtaining beneficial ownership information
Squaring the circle of beneficial ownership information through international agreements
Who should attend:
Compliance Officers and Upper Management of USFI’s (Banks, Trust Companies, Insurance Companies, Stock Brokerage firms, registered investment advisors for offshore mutual funds and options trading funds) as well as other designated IRS withholding agents.
Stanley Foodman, CPA, CFE, CFF, CAMS, CGMA is CEO of Foodman CPAs & Advisors. Mr. Foodman has extensive experience representing U.S. and non-U.S. taxpayers with U.S. and cross border tax reporting and governmental controversies. He uses his law enforcement background, extensive exper...
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