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Marnin J. Michaels

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Marnin Michaels is a senior partner at the Baker McKenzie Office in Zurich. Marnin has been practicing more than 20 years in the areas of tax and international private banking. He handles insurance matters relating to tax investigations and wealth management, as well as counsels clients on issues relating to US withholding tax, qualified intermediary rule and FATCA. He also advises on issues related to potential tax evasion and cross-border regulatory issues, as well as money laundering avoidance legislation.
Marnin was a member of the Firm's Steering Committee addressing the firm's US Department of Justice Initiative for Swiss Banks. In the end, the Firm acted for 45 banks and the project won Litigation Firm of the Year from American Lawyer Magazine Award in 2015.
Widely regarded as one of the world's leading wealth management lawyers, Marnin is on the Firm's European tax steering committee and co-chairs its European wealth management committee.
In Corporate Compliance

United States: New businesses get more time to report beneficial ownership information

by , and 7 Mins Read

With the new year comes the 1 January 2024 effective date of the Corporate Transparency Act, which will require approximately 32.6 million US entities to report beneficial ownership information (BOI) to the Treasury’s Financial Crimes Enforcement Network (FinCEN). On 28 September 2023, FinCEN published proposed regulations modifying the BOI Reporting Requirements, which are found in the CTA’s implementing regulations.