News

IRS is Paying Attention to Virtual Currency Third-Party Information Reporting and Title 26

By EsqSocial Corporation 03/11/20

On September 24, 2020, the TREASURY INSPECTOR GENERAL FOR TAX ADMINISTRATION (TIGTA) issued a final audit report: “The Internal Revenue Service Can Improve Taxpayer Compliance for Virtual Currency Transactions”  that evaluates the IRS’s efforts to ensure accurate reporting of virtual currency tra

Federal district court denies motion of merchant cash advance providers to dismiss FTC lawsuit

By EsqSocial Corporation 03/11/20

A New York federal district court has denied the motion filed by two merchant cash advance providers and their chief executive officer and president to dismiss the FTC’s lawsuit alleging they engaged in unfair and deceptive conduct in violation of Section 5 of the FTC Act....

FDA Releases Draft Guidance on the Design and Conduct of Tobacco Product and Intention Studies

By EsqSocial Corporation 03/11/20

On October 27, FDA issued a new draft guidance, entitled “Tobacco Products: Principles for Designing and Conducting Tobacco Product Perception and Intention Studies.” The draft guidance describes the FDA Center for Tobacco Products’ proposed recommendations on designing and conducting tobacco p

Profiting off Public Panic – Abbott Laboratories et al v. Brown

By EsqSocial Corporation 03/11/20

The COVID-19 pandemic has led to a rise in fraud by wrongdoers seeking to profit off public panic and strained resources.

Buchalter COVID-19 Client Alert: San Francisco Moves to Lowest COVID Tier in California, Begins Process of Reopening Non-Essential Offices; Other Bay Area Counties Slower to Follow

By EsqSocial Corporation 03/11/20

On October 20, 2020, San Francisco County was upgraded to the “minimal” tier within the California COVID-19 tracking system, meaning it has the fewest restrictions on reopening all businesses as promulgated by the State of California.

Criminal Enforcement Round Up: October Yields a Trio of High-Profile Money Laundering Charges With International Focus

By EsqSocial Corporation 03/11/20

DOJ Charges a U.S.

FCC Proposes Disclosure Rules for Certain Programming Provided by Foreign Governments

By EsqSocial Corporation 03/11/20

On October 26, 2020, the Federal Communications Commission (FCC or Commission) released a Notice of Proposed Rulemaking (NPRM) in which the Commission proposes to amend its sponsorship identification rules to require disclosure when certain foreign programming is broadcast....

Financial Institutions to Remain Vigilant of Ransomware Attacks as they are Facilitators of Ransomware Payments

By EsqSocial Corporation 03/11/20

On October 1, 2020, the Financial Crimes Enforcement Network (FinCEN) issued an advisory to alert Financial Institutions (FI) relating to “predominant trends, typologies, and potential indicators of ransomware and associated money laundering activities”.

Skinny Label Doesn’t Prevent Infringement Liability

By EsqSocial Corporation 03/11/20

The Federal Circuit decision in GlaxoSmithKline LLC v. Teva Pharmaceuticals USA, Inc., is getting attention for potentially “endangering” the practice of skinny labelling.

SBA Gathering Info on "Economic Uncertainty": What Form 3509 May Mean for Borrowers in the Paycheck Protection Program

By EsqSocial Corporation 03/11/20

The U.S.

Pages