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Mar 19, 2019

GDPR – A Four-Letter Word to US Businesses?

Leading up to, and since its implementation in the European Union (“EU”) in 2018, Fortune 500 entities doing business in the EU and controlling and/or processing EU personal data have developed policies for the maintenance and use of personal information of EU Citizens. » Read More

Dec 28, 2018

Deadline for Reporting Final Beneficiary to Brazilian Federal Revenue Ends on December 31

The below post is authored by our friends Ana Carolina Veloso Ferreira and Ana Paula Terra Caldeira at Azevedo Sette Advogados.

Are you a United States entity with significant capital or controlling interest in a Brazilian subsidiary? Year-end reporting requirements are fast approaching.» Read More

Dec 19, 2018

Committee on Foreign Investments in the US (CFIUS) is Fired Up

CFIUS has been around since 1975, when President Gerald Ford, by Executive Order, created the interagency committee to review national security implications of investments by foreigners in U.S. businesses.  For most of the time since its creation, the power of CFIUS was primarily reactive, infrequently addressing pending transactions; even then, CFIUS’s jurisdiction covered only transactions where a foreign person acquired control of a US business.» Read More

Oct 18, 2018

Establishing Bank or Financial Accounts in the US – Consider the Impact of New FinCEN Rules on Beneficiaries

The Customer Due Diligence (“CDD”) regulations issued by the Financial Crimes Enforcement Network (FinCEN) became effective on May 11, 2018.  The regulations enacted under the Bank Secrecy Act clarify customer due diligence requirements for banks and other financial institutions.  These rules are part of an international effort to combat the use of legal entities such as corporations, limited liability companies, and partnerships from financers of terrorism, money launderers, tax evaders, and other financial criminals.» Read More

May 18, 2018

Here Comes The GDPR – US Companies, Make Sure You’ve Got It Covered

Way back on August 17, 2017 (seems like a lifetime ago), we brought you information regarding the European General Data Protection Regulation (“GDPR”) and its impact on those doing business in the EU*.

And now, guess what–the GDPR goes live on May 25, a week from today. » Read More