Month: January 2016

By Sanford Millar of MillarLaw A Professional Corporation On Monday, January 18, 2016

U.S. persons, including pemanent resident aliens and dual nationals should note that the Lifting of U.S. Sanctions on Itran under the  Joint Comprehensive Plan of Action does not lift all sanctions.  The following is a link to acomprehensive set of Freqnently Asked Questions (FAQ’s): https://www.treasury.gov/resource-center/sanctions/Programs/Documents/jcpoa_faqs.pdf Among the FAQ’s is M-1 which provides: M-1 Are Iranian … Continue reading Caution: Not All Iran Sanctions Were Terminated

By Sanford Millar of MillarLaw A Professional Corporation On Sunday, January 10, 2016

The Department of Justice and the IRS are now mining the wealth of data obtained through settlements  (Non-Prosecution Agreements) with almost 100 Swiss banks.  The search through the data is methodical. First the government seems to be looking for “leavers”.  Leavers are U.S. taxpayers who maintained an account at a foreign fianancial institution and who … Continue reading What’s Next in Foreign Account Enforcement?