Pacers hit reset button with “coaching camp” type observe

INDIANAPOLIS – After dipping 113-104 in the heat at Gainbridge Fieldhouse on Friday, arguably their worst loss of the season, the Pacers had a day off on Saturday before heading to work on Sunday for a camp-style session returned.

Malcolm Brogdon, who faced his team’s fourth consecutive loss with 14 points on 4-of-14, said it was good for his squad to have some time to hit the reset button before then he will host the wizards on Monday.

“I thought we had a great training session (Sunday),” said Brogdon. “It was honestly like a training camp. We worked hard (Sunday) and I think that’s what we needed. We just have to come out and play man. We have to play at a high level with desperation.”

So what exactly does a mid-season camp exercise involve?

“Real work on the fundamentals, real conditioning work, real hard game work, real skill development work,” said Indiana trainer Rick Carlisle. “The schedule these days is such that those quality training days aren’t nearly as frequent as they were in the old days of the (Eastern Conference) Central Division, where there were many consecutive times, but they were short” trips “in a row. And then they would make a lot of two day breaks that you can have a day off, a quality day of practice, and then a game. But everyone adapts to the reality of today’s game and that’s just one of those opportunities we have to seize. “

This is only the second time this season the Pacers have had two days off between games and the first time that has happened at home. The other time Indiana had a two-day break was during a four-game road trip on the west coast last month.

Kelan Martin, who was still training at the team’s training facility on Saturday, said it felt good to wake up in his own bed.

“I usually come in on my days off and work a bit, just try to be consistent with my game, but calm helps,” said Martin. “Above all, to be at home and not in a hotel, but actually to be at home and enjoy it.”

Martin averages 5.3 points while shooting 40.9% off the field and 1 out of 10 to 3 points during Indiana’s steak lost four games. The former butler star remains confident about his game and team, noting that the 9-16 Pacers “know how well we can play”.

Carlisle has said on numerous occasions that his team lacks “strength”, which has resulted in some disappointing performances. Brogdon believes the problem has more to do with focus than exertion.

“I think it’s more about getting into the details of the game and being more physical in defense,” said Brogdon. “To be honest, we’re a team that plays hard. It’s not that we don’t play hard out here. So anyone who says that is wrong. It’s literally about the details, to know your people. That’s what matters to us. ” . “

Domantas Sabonis, who had 14 points and 16 rebounds against the Heat, agreed with Brogdon that the solution to the Pacers’ problems is not simply to play harder. However, he did admit that his team “look dead out there” sometimes when reviewing feature films.

After an intense workout at Ascension St. Vincent Center on Sunday, Sabonis said Indiana plans to carry that energy across the street to Gainbridge Fieldhouse on Monday.

“Our record doesn’t show how we feel about (losing),” said Sabonis. “It definitely sucks, but we feel like we’re there, we can compete with anyone, we can win these games. But we just can’t do it. It’s a difficult task. We’re trying to get better out here and improve and try to turn the page. “

Follow IndyStar Pacer’s beat writer James Boyd on Twitter: @RomeovilleKid. Contact him by email: jboyd1@gannett.com.

The Anti-Cash Laundering Act of 2020: A Survey of Key Provisions and Apply Takeaways | Perkins Coie

On New Year’s Day 2021, Congress suspended a presidential veto to pass the 2020 Anti-Money Laundering Act (GwG 2020), which amends and modernizes the Bank Secrecy Act (BSA). The GwG 2020 includes comprehensive reforms to update and modernize the laws, rules and regulations to combat money laundering in the USA. While most of these reforms target financial institutions subject to the BSA, some have far-reaching implications for domestic and international business.

About the series

This multi-part series will highlight key findings from the 2020 AMLA that have practical implications for our clients, including (1) new and far-reaching requirements for beneficial ownership disclosure of companies that the Financial Crimes Enforcement Network (FinCEN) is currently actively working to implement; (2) increased incentives for whistleblowers to report money laundering violations; (3) Extension of the US subpoena to include foreign financial institutions with correspondent accounts in the United States; (4) New criminal penalties for disguising the involvement of senior foreign policy figures and certain Designated Bodies in transactions involving US financial institutions; (5) Extension of the Money Laundering Act to codify responsibility for activities in virtual currencies; and (6) developing regulatory solutions with a greater focus on emerging technologies. The following is a general overview of some of the topics covered in this series:

New disclosure requirements for beneficial ownership. Perhaps most importantly, the 2020 AMLA requires many Limited Liability Companies (LLC) to disclose their beneficial owners to the government – a new requirement that will apply to previously unregulated companies. The AMLA instructs FinCEN to keep a secure register of beneficial ownership rights of legal entities in order to facilitate investigations by law enforcement agencies and due diligence by financial institutions. This provision, which is aimed at Shell companies and other single-purpose vehicles, is designed to prevent the use of anonymous units to disguise the natural persons behind a company. On April 1, 2021, FinCEN published an advance notice of the proposed rulemaking, setting out the issues it is addressing in order to have the necessary rules in place by January 1, 2022 and asking the public for comments on how the rule of beneficial ownership should be implemented. The first part of this series will describe the expanded legal definition of beneficial owner, examine the long list of AMLA’s exemptions from registration requirements, and discuss some of the key lessons learned from FinCEN’s recent public announcement.

Significantly improved whistleblower incentives. The GwG 2020 will introduce a whistleblower program based on the program of the US Securities and Exchange Commission. These provisions encourage whistleblowers to report violations of the BSA and authorize higher financial rewards for those who provide information to their employers or the government. The availability of rewards for internal reporting is a provision that can be particularly problematic when the reporting employee and the company disagree on whether the conduct in question needs to be reported to regulators or otherwise. The second part of this series discusses these provisions in detail.

Extended subpoena. The 2020 AMLA expands the U.S. Department of Justice’s subpoena to include foreign financial institutions. It gives the Treasury Secretary and the Attorney General the power to issue subpoenas to foreign financial institutions holding correspondence accounts in the United States in relation to account information in their possession. This is a significant addition to the previous authorization, which was limited to records on US correspondence accounts. The third part of this series explains these new regulations and how they affect foreign financial institutions and foreign individuals and companies that are being investigated.

New penalties for covering up transactions with high-ranking foreign policy figures. Finally, the GwG 2020 amends the BSA to the effect that criminal sanctions are provided that forbid the deliberate concealment of transactions with high-ranking foreign policy figures and certain designated money laundering bodies in front of financial institutions. The prohibition specifically extends to anyone involved in the concealment, misrepresentation, or forgery (or attempt to cover up, misrepresentation or forgery) any financial institution having material facts relating to the ownership or control of assets in excess of US $ 1 million – Dollars by a senior foreigner political figure (or an immediate family member or close associate). The penalty sharpens the transaction diligence process and will no doubt improve the quality of care financial institutions receive when reviewing account holders and transactions. Like other recent anti-money laundering disclosure requirements – such as the real estate-related global targeting mandates that have been issued over the past few years and expanded continuously – this can have important implications for the expansion of anti-corruption enforcement. This determination is examined in the fourth part of our series.

Expansion of the Money Laundering Act to codify responsibility for activities in virtual currencies. The GwG 2020 codifies earlier FinCEN guidelines, according to which companies that carry out certain business activities in virtual currencies must register as money service providers. By expanding the definitions of terms such as “financial institution” and “money transfer business”, the new law includes companies that exchange or otherwise transfer virtual currencies or “values ​​that replace currencies”. FinCEN’s guidelines have been controversial in the industry and codifying them into law will create additional challenges and opportunities.

Developing an emerging financial technology focus. The GwG 2020 gives the financial supervisory authorities and the Government Accountability Office the impetus to conduct studies and submit reports to Congress and develop skills to better understand and adapt the legal framework in order to address emerging fintech technologies. The law instructs FinCEN to hire emerging technology professionals to identify emerging technologies such as artificial intelligence, digital identity technology, and distributed ledger technologies that can potentially aid government and financial institutions in combating money laundering and terrorist financing. Federal financial regulators are expected to investigate new payment methods, such as virtual currency and peer-to-peer payment systems, and provide reports to Congress on their use in money laundering and illegal activities. The federal financial supervisory authorities have promoted the use of emerging technologies by financial institutions, and the AMLA 2020 instructs FinCEN to set up a no-action letter procedure that enables the industry to find the technology solutions acceptable to the supervisory authorities for compliance with the To understand BSA better.

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Citrin Cooperman Names New Leisure, Music, and Sports activities Business Observe Chief

NEW YORK, February 23, 2021 / PRNewswire / – Citrin Cooperman is proud to announce this partner Secret Matthew has been named director of the company’s entertainment, music, and sports practice. With 15 years of experience, Segreto quickly rose through the ranks of the company due to his strong technical tax background, reputation for attentive customer service, and bespoke approach to wealth management. His technical skills, his commitment to the industry and his customers make him a natural successor to partner Arnie Herrmann as an executive. Herrmann remains an active senior partner in industry practice.

“Since joining Citrin Cooperman, Matt’s passion for the industry has shown in his ability to build relationships with his customers, his strong work ethic, and his dedication to the team,” he said Arnie Herrmann, former Entertainment, music and sports practice Leader. “The entertainment, music and sports practice has seen significant growth recently when Mejia & Kaplan joined Citrin Cooperman in 2019, an accounting and consulting firm specializing in entertainment in Beverly Hills, CA. The expansion continues with Matt’s thorough understanding of the specific needs of the industry and its alignment with the depth of services our company has to offer. “

Citrin Cooperman has deep roots in the entertainment industry and was founded in 1979 with seed capital from two globally recognized rock and roll bands. In recent years, the company has added resources and added four new locations in California to the practice. Most recently, the company added several new team members Encino, CA. Location, led by the joining of partners Fred Martin and Jamie Montaniowho came from Winningham Becker & Company in November 2020. Segreto will take over the helm with a view to further strategic expansion and build resources for the practice’s customer base. In the role of industry leader, Segreto will oversee the delivery of the highest quality services and further build the industry practice group’s reputation by leveraging the company’s talent and resources to provide customers with innovative solutions that meet their unique needs. With a bicoastal presence and a robust talent bank, the entertainment, music and sports group is geared towards further growth.

“I am proud to have been selected to lead the entertainment, music and sports practice and look forward to taking the first step,” said Segreto. “My aim is to continue to raise the bar for what we can achieve as a team – to further the success of Citrin Cooperman in the entertainment industry and to tap into some of the newer sectors in the industry.”

“We’re very excited to have Matt take on this role,” he said Patricia Cummings, Managing partner of the industry. “It was a natural development for him and I am proud to see his career grow. Matt is extremely qualified to take the lead with not only his industry expertise but also his exemplary leadership style and enthusiasm.”

Segreto oversees its client’s personal and business activities, with clients ranging from the UK to Los Angeles. Segreto provides a range of bespoke services to elite actors, artists, musicians, sports dignitaries and C-suite executives no matter where their business takes them. He was recently named “Hollywood’s Top Business Managers” by The Hollywood Reporter and Variety’s “Business Managers Elite” list.

About Citrin Cooperman

About Citrin Cooperman: Citrin Cooperman is one of the largest full-service insurance, tax and management consulting firms in The United StatesWe have steadily expanded our business since 1979 and serve a diverse and loyal clientele. Our daily mission is to help our customers “focus on what matters”. Building on our core values, we offer a comprehensive, integrated business approach to traditional services that includes proactive insights into the entire lifecycle of our customers around the world. Citrine Cooperman is an independent company affiliated with Moore Global Network Limited. citrincooperman.com

Press contact:

Laura F. Kucera
212-697-1000
https://www.citrincooperman.com/

SOURCE Citrine Cooperman