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Title III: International Money Laundering Abatement and Financial Anti-Terrorism Act of 2001 is actually an act of Congress in its own right as well as being a title of the USA PATRIOT Act, and is intended to facilitate the prevention, detection and prosecution of international money laundering and the financing of terrorism.
Notably, this portion of Section 4 applies to all cases where a single return is received, regardless of whether the safe harbor under Section 2 (3 U.S.C. § 5) applies or not. Since safe harbor determinations are supposed to be "conclusive," there is some tension between the provisions since Section 4 still allows for Congress to reject a ...
In United States business law, a forward-looking statement or safe harbor statement is a statement that cannot sustain itself as merely a historical fact. A forward-looking statement predicts, projects, or uses future events as expectations or possibilities. These statements can often be misleading, as they can be mistaken for factual ...
The code provided a way for companies to achieve a safe-harbor valuation. A safe-harbor valuation is one where the IRS must accept the valuation as valid unless the IRS can demonstrate that the valuation is "grossly unreasonable". [12] [13] The code provides three possible ways for companies to achieve a safe-harbor valuation of their common ...
However, hedge funds, which are generally not registered, may not be subject to the limitations of Section 28(e) and, thus, in some cases, the fund's commissions may be used for the adviser's benefit. [5] In situations where fund commissions are used outside of the Section 28(e) safe harbor, full and comprehensive disclosure must be provided to ...
On September 6, 1966, Title 5 was enacted as positive law by Pub. L. 89–554 (80 Stat. 378). Prior to the 1966 positive law recodification, Title 5 had the heading, "Executive Departments and Government Officers and Employees." [3]
The other subsections create a conditional safe harbor for infringing material that resides on a system controlled by the OSP. For material that was temporarily stored in the course of network communications, this subsection's safe harbor additionally applies even for networks not under the OSP's control.
The committee noted the stability of the repurchase market on which the rate is based. [5] The New York Federal Reserve began publication of the rate in April 2018. [5] Fannie Mae issued $6 billion securities tied to SOFR in July 2018. Again in October 2018, Fannie Mae issued a second $ 5 billion securities that was also similarly tied to SOFR. [6]