The banking industry is navigating headwinds on multiple fronts as institutions strive to preserve a culture of highly personalized and long-term strategic relationships with clients. From shifting election dynamics to overseas conflicts, Nevada's financial leaders are tasked with guiding clients through uncertain times while tackling the rise of sophisticated AI-driven fraud, … [Read more...] about Industry Focus
U.S. Department of the Treasury
Do you have foreign asset disclosure requirements?
Before quickly answering no, consider the following requirements and penalties. The dollar penalties for not reporting are very significant and can go as far as being criminal. The following items are not meant to be all inclusive. The first item is the Form TD F 90-22.1 “Report of Foreign Bank and Financial Accounts”. This form is used to report a financial interest in … [Read more...] about Do you have foreign asset disclosure requirements?
Financing: It’s a Jungle Out There
A year ago, Ed Brown said Nevada’s business financing picture in 2010 was the worst he’d seen in his 35 years of administering small business loans for the U.S. Small Business Administration (SBA), describing it as “a bad time” and “depressing.” Minimal loans of any kind were being made. Funds were being pieced together from various sources. Some groups had no money to … [Read more...] about Financing: It’s a Jungle Out There