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Two Celebrities Charged With Unlawfully Touting Coin Offerings

Posted by: Zaher Fallahi

Press Release FOR IMMEDIATE RELEASE 2018-268 Washington D.C., Nov. 29, 2018 — The Securities and Exchange Commission today announced settled charges against professional boxer Floyd Mayweather Jr. and music producer Khaled Khaled, known as DJ Khaled, for failing to disclose payments they received for promoting investments in Initial Coin Offerings (ICOs). These are the SEC’s first […]

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Two ICO Issuers Settle SEC Registration Charges, Agree to Register Tokens as Securities

Posted by: Zaher Fallahi

Two ICO Issuers Settle SEC Registration Charges, Agree to Register Tokens as Securities FOR IMMEDIATE RELEASE 2018-264  Washington D.C., Nov. 16, 2018 — The Securities and Exchange Commission today announced settled charges against two companies that sold digital tokens in initial coin offerings (ICOs).  These are the Commission’s first cases imposing civil penalties solely for ICO […]

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SEC Charges EtherDelta Founder With Operating an Unregistered Exchange

Posted by: Zaher Fallahi

SEC Charges EtherDelta Founder With Operating an Unregistered Exchange FOR IMMEDIATE RELEASE 2018-258   Washington D.C., Nov. 8, 2018 — The Securities and Exchange Commission today announced settled charges against Zachary Coburn, the founder of EtherDelta, a digital “token” trading platform. This is the SEC’s first enforcement action based on findings that such a platform operated as […]

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IRS Updates Offshore Voluntary Practice

Posted by: Zaher Fallahi

Department of Treasury November 20, 2018   Control Number: LB&I-09-1118-014 Expiration Date: 11/20/2020 Affected IRM: 9.5 MEMORANDUM FOR DIVISION COMMISSIONERS CHIEF, CRIMINAL INVESTIGATION FROM: Kirsten B. Wielobob /s/ Kirsten B. Wielobob Deputy Commissioner for Services and Enforcement   SUBJECT: Updated Voluntary Disclosure Practice This memorandum addresses the process for all voluntary disclosures (domestic and offshore) […]

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SEC Crypto Announcements

Posted by: Zaher Fallahi

SEC Crypto Announcements Securities and Exchange Commission (SEC) Crypto Announcements According to the following report, Cryptocurrency ICOs are regulated by the Securities and Exchange Commission (SEC). This Report reiterates these fundamental principles of the U.S. federal securities laws and describes their applicability to a new paradigmvirtual organizations or capital raising entities that use distributed ledger […]

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SEC Crypto Announcements

Posted by: Zaher Fallahi

Securities and Exchange Commission (SEC) Crypto Announcements According to the following report, Cryptocurrency ICOs are regulated by the Securities and Exchange Commission (SEC). This Report reiterates these fundamental principles of the U.S. federal securities laws and describes their applicability to a new paradigmvirtual organizations or capital raising entities that use distributed ledger or blockchain technology […]

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Iranian OFAC Seminar in San Diego

Posted by: Zaher Fallahi

Zaher Fallahi, Iranian OFAC Attorney and Tax Attorney, CPA, will speak at the Association of Iranian American Professionals in San Diego on ”Legal and Tax implication of transferring money from Iran to the US”. For additional information, visit http://www.aiap.org/

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New 20% Deduction for Qualified Business Income (QBI) under the New Tax Law

Posted by: Zaher Fallahi

IRS provided Frequently Asked Questions (FAQ) on Section 199A Deduction for Qualified Business Income (QBI)   Basic questions and answers on new 20% deduction for pass-through businesses, estates and trusts. Below are answers to certain basic questions about the new 20% deduction for pass-through businesses, estates and trusts. Also known as the new §199A deduction for […]

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Iranian OFAC New Developments

Posted by: Zaher Fallahi

Iranian OFAC New Developments June 27, 2018.  Iranian OFAC, US Revokes JCPOA (BARJAM) related General Licenses H and I. For details see  US Revokes Iranian OFAC General Licenses H and I May 8, 2018.  Iranian OFAC, United States withdraws from the Joint Comprehensive Plan of Action (JCPOA) also known as the “Iran Nuclear Deal”. For details see  US Withdraws from JCPOA (BARJAM) […]

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Iranian OFAC, Revocation of JCPOA-Related General Licenses; Amendment of the Iranian Transactions and Sanctions Regulations; Publication of Updated FAQs

Posted by: Zaher Fallahi

Revocation of JCPOA-Related General Licenses; Amendment of the Iranian Transactions and Sanctions Regulations; Publication of Updated FAQs  June 27, 2018 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has revoked Iran-related General Licenses H and I, which were issued in connection with the Joint Comprehensive Plan of Action (JCPOA). OFAC also amended the […]

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