JD Supra (Blogs)
3 results for JD Supra (Blogs)
- JD Supra Belize JD Supra, 2019
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First Conviction in the U.S. for FATCA Violations
An investigation of Belize-based stockbrokers recently led to the first FATCA conviction since its enactment in 2010. The former head of an offshore bank pled guilty to conspiracy to defraud the United States by intentionally circumventing the requirements of the Foreign Account Tax Compliance Act ("FATCA"). His guilty plea is the first conviction under FATCA according to prosecutors...
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Foreign Arbitration Award Confirmed Under International Treaty
A federal U.S. district court recently confirmed a foreign arbitration award obtained by a Belizean telecommunications company against the Government of Belize in arbitral proceedings held before a tribunal appointed by the London Court of International Arbitration (“LCIA”). Factually, the case involved agreements between the company and Belize, wherein the company paid money in exchange for...