Category: Other investment-related information

Get the Facts About Timeshare Fraud

Timeshares are arrangements in which several investors jointly own a property and have the right to use the land as a vacation spot based on a time-sharing agreement. There are dozens of companies in Florida that market timeshares as cost-effective ways for buyers to get the vacation homes of their dreams. Unfortunately, a lot of timeshare promoters and sellers pitch these investments in deceptive and sometimes fraudulent manners. 3 Signs […]

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Deloitte Reports Cyberattack on Monday

Sep 29, 2017 / Cybersecurity

Ian Fleming, author of the legendary James Bond series, once observed (speaking through the character Auric Goldfinger): “Once is happenstance. Twice is coincidence. The third time, it’s enemy action.” A disturbing pattern may be emerging with Monday’s news of yet another high-profile data breach directed towards America’s financial backbone. Over the preceding three weeks, Equifax (one of the three major consumer credit reporting bureaus) and the Securities and Exchange Commission […]

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FATCA and CRS Compliance in the Caribbean and the Americas

In 2010, Congress passed the Foreign Account Tax Compliance Act (FATCA), which requires US persons to file yearly reports disclosing their non-US financial accounts to the Financial Crimes Enforcement Network (FinCEN). FATCA also requires foreign financial institutions to search their records for “indicia” of U.S. persons and to report those persons to the U.S. Department of the Treasury under the threat of a 30% withholding penalty being imposed on all […]

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