BNA Books Announces the Publication of Criminal Tax, Money Laundering, and Bank Secrecy Act Litigation, a Comprehensive Overview of the Law and Procedure for IRS and DOJ Criminal Tax Cases

ARLINGTON, Va., Nov. 18, 2010 /PRNewswire-USNewswire/ -- BNA Books, a division of specialized news and information publisher BNA, announced today the publication of Criminal Tax, Money Laundering, and Bank Secrecy Act Litigation by Peter D. Hardy. This treatise provides practitioners with expert analysis of the law and procedures relating to federal criminal cases handled by the IRS and DOJ, addressing the pragmatic and strategic challenges at every stage of litigation.

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The Internal Revenue Service has experienced a surge in complex criminal tax cases. Criminal tax enforcement, which has grown in both sophistication and scale, now regularly involves pressing criminal law issues such as the exposure of corporations, offshore bank accounts, parallel civil and criminal investigations, and the sometimes thin line that exists between civil and criminal violations. Likewise, the statutes for money laundering continue to apply broadly and impose potentially severe sentencing and forfeiture consequences, and the government has become willing to transform some criminal tax charges into money laundering charges. The recent usage of the Bank Secrecy Act by the IRS and other agencies has also contributed to the proliferation of more complex cases, as they are now employing this law not only to pursue traditional currency reporting offenses but also to step up enforcement of offshore reporting requirements, and to require and enforce anti-money laundering requirements for financial institutions.

This increase in the scope and complexity of criminal cases handled by the IRS and federal prosecutors of the Department of Justice (DOJ) has magnified the need for an examination of the current law, procedure, and practical considerations regarding such cases. BNA Books' new treatise, Criminal Tax, Money Laundering, and Bank Secrecy Act Litigation, guides practitioners on how to expertly handle a federal criminal case pursued by the IRS from beginning to end, discussing in detail the entire panoply of complex legal, factual, logistical, and tactical issues raised by such litigation. The treatise focuses on criminal cases handled by the IRS and DOJ, and also examines the significant legal issues that exist in every complex white-collar criminal practice. The application of this guidance ranges from the traditional criminal tax cases to today's most cutting-edge issues, including:

• Offshore accounts: prosecutions, reporting requirements, and voluntary disclosure
• Tax shelter prosecutions and related problems involving intent when the tax law may be unclear
• Corporate prosecutions and deferred prosecution agreements
• Recent developments in the Supreme Court's interpretation of the money laundering statutes
• Sentencing in "white-collar" cases under an "advisory" Federal Sentencing Guidelines regime

Written by Peter D. Hardy, an attorney who has served as both a federal prosecutor and a defense attorney, this treatise goes well beyond his analysis of the relevant statutes and the case law interpreting their elements. Rather, it provides a comprehensive and current overview of the law and procedure for IRS criminal cases, including investigations, indictment, pretrial practice, plea agreements, trial, and sentencing.

Nathan J. Hochman, partner at Bingham McCutchen LLP, in Santa Monica, California, states, "In an age where the government is very aggressively going after individuals and corporations for white-collar criminal offenses, Peter D. Hardy's detailed, well-researched, and insightful treatise on criminal tax, money laundering, and Bank Secrecy Act litigation could not be more timely. Hardy combines his background in the defense and prosecution camps to expose the inner workings and strategies of law enforcement, as well as to provide a roadmap on how to attack the government's case. I highly recommend this book for experienced practitioners and novices alike."

Additionally, this treatise reveals to practitioners how a tax or currency matter which began as a civil issue can blossom into a criminal case, as well as the elaborate process for approval or rejection of a proposed tax prosecution. Since the tax code applies to every individual and corporation in the nation, almost anyone is capable of committing an alleged tax crime. This makes the insights provided by Criminal Tax, Money Laundering, and Bank Secrecy Act Litigation relevant not only for a wide variety of lawyers such as defense attorneys and corporate counsel, but also for financial institutions, business and tax professionals, and federal government agencies.

Criminal Tax, Money Laundering, and Bank Secrecy Act Litigation is authored by Peter D. Hardy, a partner in the Philadelphia office of the law firm of Post & Schell PC, where he is part of its national White Collar Defense, Compliance & Risk Management Practice Group. He is a former criminal prosecutor at the Criminal Enforcement Section of the Tax Division of the Department of Justice in Washington, D.C., and at the U.S. Attorney's Office in the Eastern District of Pennsylvania, where he specialized in financial crimes, particularly tax offenses, and appeals.

BNA is a leading private publisher of news and information products for professionals in law and business. In addition to Criminal Tax, Money Laundering, and Bank Secrecy Act Litigation, BNA's Book Division publishes many other titles in legal specialties. For a free BNA Books catalog, call 1-800-960-1220 or send an e-mail request to [email protected]. The BNA Books website, including an online catalog, can be found at bnabooks.com.

Criminal Tax, Money Laundering, and Bank Secrecy Act Litigation may be purchased (1,712 pp./Hardcover/Order #1856-PREL10/ISBN#978-1-57018-856-5/$410.00 plus tax, shipping, and handling) from BNA Books, PO Box 7814, Edison, NJ 08818-7814. Telephone orders: 1-800-960-1220. Fax orders: 1-732-346-1624. A 10% discount is available on print copies of books when ordering from the website at bnabooks.com. Please note that discounts cannot be combined.

Editors: Review copy available upon request.

Please e-mail Matt Greene at [email protected], or call 703-341-5767.

SOURCE BNA Books