Oil exploration company in Okavango wilderness misled investors, SEC complaint says

NATIONAL GEOGRAPHIC

ReconAfrica, a Canadian company exploring for oil and gas upstream of one of Africa’s most lush and wildlife-rich habitats, may have fraudulently misled investors by misrepresenting its work on the project, according to several experts and allegations in a whistleblower complaint filed with the U.S. Securities and Exchange Commission (SEC). read more »

U.S. Treasury calls for stricter cryptocurrency compliance with IRS, says they pose tax evasion risk

CNBC

The Treasury Department on Thursday announced that it is taking steps to crack down on cryptocurrency markets and transactions, and said it will require any transfer worth $10,000 or more to be reported to the Internal Revenue Service. read more »

Treasury outlines its plans to crack down on tax cheats by beefing up I.R.S. enforcement.

NEW YORK TIMES

The Biden administration on Thursday provided more details on its plans to raise $700 billion in revenue through beefed-up Internal Revenue Service enforcement, saying additional funds would enable the agency to more easily crack down on tax cheats. read more »