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Weekly Roundup: U.S. Promises Initial Leniency in FATCA Enforcement, Big Businesses Ramp Up Lobbying Against Russian Sanctions, and More
printThe U.S. Treasury Department will view 2014 and 2015 as a "transition period" when enforcing the Foreign Account Tax Compliance Act (FATCA), according to a notice published Friday. The notice, which comes two months before the law's first deadline, also disclosed plans by the IRS to amend certain regulatory obligations on accounts opened before Jan. 1, 2015. More The U.S. Office of Personnel Management formally determined that the Financial Crimes Enforcement Network (FinCEN) improperly screened job candidates in an effort to bolster its team of attorneys, Reuters said. More The Treasury Department must sign off on FinCEN's hiring decisions after...
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