jueves, 19 de octubre de 2023

FinCEN Proposes New Regulation to Enhance Transparency in Convertible Virtual Currency Mixing and Combat Terrorist Financing

 FinCEN Proposes New Regulation to Enhance Transparency in Convertible Virtual Currency Mixing and Combat Terrorist Financing

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a Notice of Proposed Rule Making (NPRM) that identifies international Convertible Virtual Currency Mixing (CVC mixing) as a class of transactions of primary money laundering concern. This NPRM highlights the risks posed by the extensive use of CVC mixing services by a variety of illicit actors throughout the world and proposes a rule to increase transparency around CVC mixing to combat its use by malicious actors including Hamas, Palestinian Islamic Jihad, and the Democratic People’s Republic of Korea (DPRK). The NPRM is a key part of Treasury’s efforts to promote transparency for CVC mixing activities.

News Release: https://www.fincen.gov/news/news-releases/fincen-proposes-new-regulation-enhance-transparency-convertible-virtual-currency




DON'T BELIVE IN THE CULT OF AI

Over the past years, droves of people have sung praises to AI as a technology. They say it is the future, something that will change the world like fire or electricity did. That the very concept of "work" will be revolutionized. Naturally, such these are mostly exaggerations. 

 In truth, AI is algorithms relating to a long string of calculus equations. It, as well as all software, can be thought of a list of automated instruction on how to turn a series of 0s and 1s into another series of 0s and 1s in ways that are useful to users. AI is no different. The way they are built is by training the intelligence to create an equation that will take in a prompt and output a result based on the most probable (read average) prediction on what the right answer might be. The AI is adjusted and trained better match outputs to desired inputs leading to programs like Leonardo.Ai or ChatGPT. 

What these sites often fail to mention is the limitations of AI. A computer can only compute arithmetic sequences and use algorithms to compute algebraic and more complex mathematical concepts. Because of this, everything we must ask a computer to do must be first abstracted in numerical terms, and the code written to output a result that can then be converted back into a useful result. Image generating AIs are given massive libraries of art works in order to create their images. However, unlike inspiration in which there is lateral interpretations and extrapolation, an AI will respond to the prompt, "girl with blue hair" and create an image of a girl with blue hair, not because it understands what "girl", "blue", or "hair" is, but because in its library, there is an image that is label with those words, so that must be the most likely correct answer. This often means that the AI will simply return one of the works in its database, bit rendered as it was passed through a filter. This is, by even the standards of the US courts, not an original work but instead theft. Take into consideration that most artists did not consent to have their artwork used in these programs, and you have an industry bankrupt of innovation.

You might have noticed there have been a lack of talk about AI innovations. In fact, I would wager there is more work on the internet about the anxieties of AI rather than leaps in AI development. There is a reason for this. Because AI is biased towards average based results, most of the things done by AI trend towards the generic. In addition, AI does not understand anything, so when it is asked by, say edit a paper, it will more often than not alter in ways that make sense to a statistical system, but is bizarre and unnatural for a human to say or read, due to the idiosyncratic nature of human language. More relevantly, AI can be outright disastrous when it comes to legal documentation. We have talked before about the court case in which lawyers used ChatGPT to write their arguments and the software outputted fake cases, which ended up being used in an actual trial. You can imagine the judge's reaction when he found out. Because AI has no concept of "reality", it might quote information that is completely fictitious because it is statistically likely information like that might exist, which to the computer is the same as it existing.

People in the AI industry are people who benefit from people believing in the infinite potential of AI. But if AI was so revolutionary, why would these companies not change the world themselves but instead ask their clients to use the technology for them? Ultimately AI might not be a passing trend, but its hype will be.

miércoles, 18 de octubre de 2023

Taxpayers impacted by the terrorist attacks in Israel qualify for tax relief; Oct. 16 filing deadline, other dates postponed to Oct. 7, 2024

 WASHINGTON — The Internal Revenue Service today announced tax relief for individuals and businesses affected by the terrorist attacks in the State of Israel. These taxpayers now have until Oct. 7, 2024, to file various federal returns, make tax payments and perform other time-sensitive tax-related actions.

In Notice 2023-71, posted today on IRS.gov, the IRS provided relief to certain taxpayers who, due to the terrorist attacks, may be unable to meet a tax-filing or tax-payment obligation, or may be unable to perform other time-sensitive tax-related actions. The IRS will continue to monitor events and may provide additional relief.

Filing and Payment Relief

Today’s notice postpones various tax filing and payment deadlines that occurred or will occur during the period from Oct. 7, 2023, through Oct. 7, 2024 (postponement period). As a result, affected individuals and businesses will have until Oct. 7, 2024, to file returns and pay any taxes that were originally due during this period. Among other things, this includes:

  • Individuals who had a valid extension to file their 2022 return due to run out on Oct. 16, 2023. The IRS noted, however, that because tax payments related to these 2022 returns were due on April 18, 2023, those payments are not eligible for this relief. So, these individuals filing on extension have more time to file, but not to pay.
  • Calendar-year corporations whose 2022 extensions run out on Oct. 16, 2023. Similarly, these corporations have more time to file, but not to pay.
  • 2023 individual and business returns and payments normally due on March 15 and April 15, 2024. So, these individuals and businesses have both more time to file and more time to pay.
  • Quarterly estimated income tax payments normally due on Jan. 16, April 15, June 17 and Sept. 16, 2024.
  • Quarterly payroll and excise tax returns normally due on Oct. 31, 2023, and Jan. 31, April 30 and July 31, 2024.
  • Calendar-year tax-exempt organizations whose extensions run out on Nov. 15, 2023.
  • Retirement plan contributions and rollovers.

Other tax-related deadlines are postponed as well. See Notice 2023-71 and Rev. Proc. 2018-58 for details.

In addition, the penalty for failure to make payroll and excise tax deposits due on or after Oct. 7, 2023 and before Nov. 6, 2023, will be abated as long as the deposits are made by Nov. 6, 2023.

Who Qualifies for Relief?

  • Any individual whose principal residence or business entity or sole proprietor whose principal place of business is in Israel, the West Bank or Gaza (the covered area).
  • Any individual, business or sole proprietor, or estate or trust whose books, records or tax preparer is located in the covered area.
  • Anyone killed, injured, or taken hostage due to the terrorist attacks.
  • Any individual affiliated with a recognized government or philanthropic organization and who is assisting in the covered area, such as a relief worker.

The IRS automatically identifies taxpayers whose principal residence or principal place of business is located in the covered area based on previously filed returns and applies relief. Other eligible taxpayers can obtain this relief by calling the IRS disaster hotline at 866-562-5227. Alternatively, international callers may call 267-941-1000.

If an affected taxpayer receives a late filing or late payment penalty notice from the IRS for the postponement period, the taxpayer should call the number on the notice to have the penalty abated.

PREDICCIÓN FISCAL SOBRE HAMAS

 A medida que la situación en el Levante siga degradándose, la situación se extenderá de muchas maneras desafortunadas. Aunque nosotros, como empresa, no estamos preparados para tener una idea de la situación, algo que le informe cómo debería sentirse acerca de la situación, podemos hacer algunas predicciones sobre cómo esto afectará al mundo de manera material.

     Estados Unidos siempre ha apoyado a Israel en sus esfuerzos, para bien o para mal. Y a su vez, porque la mayoría de los países de Medio Oriente se han opuesto a Israel a nivel existencial y político. Lo más probable es que esto provoque un retroceso político y económico por parte de estos países. Además, países como Rusia y, por extensión, China, están motivados a unirse en aras de tener influencia política. Esto probablemente conducirá a un aumento en el precio de materias primas como el gas, a medida que los mayores exportadores intenten aplicar la fuerza a Estados Unidos. Además, probablemente veremos un crecimiento en la división de nuestra nación a medida que los políticos discutan sobre a qué lado apoyar. Naturalmente, esto provocará incertidumbre en el mercado, lo que llevará a que la gente sea conservadora en sus compras y a los inversores a "retirar dinero" mientras el valor de sus acciones pende de un hilo. Todo esto conduce a un futuro incierto en el que nadie estará completamente satisfecho con lo que sucede.

      Nuestros corazones están con aquellos que han sido extraviados y agraviados por sus sistemas de gobierno. Sólo esperamos lo mejor para los afectados, independientemente de lo desesperado que sea. Mientras tanto, continuaremos operando como siempre para nuestros clientes, incluso cuando salgamos de la seguridad de lo conocido.

Esperamos tus comentarios acerca de tus inquietudes o tu opinion, no dejes de hacerla...

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FISCAL PREDICTION ON HAMAS

    As the situation in the Levant continue to degrade, the situation is going to ripple out in many unfortunate ways. Although we as a company are not suited to have any insight on the situation, something to inform how you should feel about the situation, we can make some predictions on how this will affect the world in a material way. 

    The US has always been in support of Israel in its endeavors, for better or for worse.  And in turn, because most countries in the Middle East have opposed Israel on an existential and political level. Most likely, this will lead to political and economic push back from these countries. In addition, counties like Russia, and by extension China, are motivated to join in for the sake of political leverage. This will likely lead to an increase in the price of commodities such as gas, as the biggest exporters try to apply force to the USA. In addition, we will probably see a growth in the division of our nation as politicians argue about which side to support. Naturally, this will cause uncertainty in the market leading to people being conservative about their purchases and investors to "cash out" as the value of their equity dangles in the balance. What all of this leads to is an uncertain future in which no one will be fully happy with what happens.

     Our hearts go out to those who have been misplaced and wronged by their systems of governance. We hope only for the best for those affected, regardless of how hopeless it may be. In the mean time we will continue to operate as always for our clients, even as we walk out of the safety of the known.

 

martes, 17 de octubre de 2023

CITY OF WESTON - NEWS

 

NEWS FROM THE CITY OF WESTON
October 17, 2023
Next City Commission Meeting: Monday, November 6
Open It and They Will Come
BSO Fire Rescue Open House a Huge Success
Over 1,000 people were estimated to have attended the BSO Fire Rescue Open House on Saturday, October 14 at the Bonaventure Fire Station No. 21 in Weston. There is something about fire trucks and firefighters that makes children smile, because everyone was having a great time. BSO Weston Fire Rescue is thrilled that the community took them up on their offer to come visit them in their home and learn valuable safety information while having a fun time.  

Next up for BSO Weston Fire Rescue: ‘Chat with the Chief’ on Tuesday, Oct. 24 from 5 to 7 p.m. at the Carolina Ale House.
How to Help
Israel-Gaza Conflict
Our hearts are with the Israeli people and innocent civilians throughout the entire region that are suffering, and people throughout the world that are affected by the violence with the subsequent loss of loved ones. When disaster strikes, it is our human nature to want to help.

If you are seeking ways to help, it is recommended to research the aid organizations to make sure your donation is going to a legitimate organization that has an active plan to provide the needed assistance. Social media is flooded with misinformation, so use caution. 

The Federal Trade Commission recommends searching charities' names alongside "complaint," "review," "rating" and "scam" to see if any red flags come up. Another red flag would be if their website doesn't have detailed information about its mission and programs, or if you don't get a receipt after donating. 

Use Charity Navigator to find reputable agencies such as the Jewish Federation, which provides help directly to those in need and through vetted and existing organizations on the ground, such as the Jewish Federation and Save the Children which is focused on the immediate emergency needs of children throughout the region.

These resources are helpful for any support you wish to give, for any sort of relief effort -- whether it is hurricane relief, wildfire recovery in Maui, the war in Ukraine, or the current conflict in Israel-Gaza. 
Water from faucet
Free Chlorine Disinfection in Drinking Water
October 18 - November 13
Starting tomorrow through November 13, the Sunrise Utility Department, which provides water to the City of Weston, will switch from monochloramine to free chlorine disinfection in its drinking water treatment system to provide additional protection against bacteria.  

This procedure does not cause any adverse health effects; however, kidney dialysis centers and hospitals have been notified to make any adjustments as necessary. Also, some aquatic species may be sensitive to free chlorine, so if you maintain an aquarium you may wish to seek additional information on dechlorination from a pet supply store. Individuals may notice a slight change in the taste, odor or color of the water during this time.  
Header - Bulk Trash eNotification
Quarterly Bulk Trash Next Week
The next quarterly bulk trash pickup is next week. Place items at the curb by 7 a.m. on your regular garbage service day: Wednesday, October 25, Thursday, October 26, or Friday, October 27 (for single family homes and multi-family units with curbside collection); or on Saturday, October 28 (for multi-family units with dumpsters). Bulk trash includes furniture, refrigerators or air conditioners which must have Freon removed by a certified dealer, small kitchen appliances, carpets, windowpanes, glass table-tops, mirrors, and more. All glass items must be reinforced to prevent breaking, or it will not be collected. 

Check out the list of items in the link below and be sure to place items out at the curb by 7 a.m. on the day of your service.  
Food Distribution Event
Saturday, November 4 | 10 a.m. until food is gone or 1 p.m.
In these challenging times, no one should go to bed hungry. We're excited to announce this Food Distribution Event to provide essential food items to those in need, brought to you by Commissioner Molina-Macfie, Bonaventure Town Center Club and Farm Share.  

What to expect:  
* Fresh fruits, vegetables, meat, canned goods, dairy, bread  
* A warm and welcoming environment  
* Smiles and support for everyone! 

This is a first come, first served, drive through event. You do not even need to get out of your vehicle.  
Chalk in the Park Registration is OPEN
The sidewalks of Library Park will transform into canvases of natural wonders at the Chalk in the Park Day on Saturday, November 4 at 11 a.m. Let your imagination roam free as you craft your own masterpiece to the theme of The Great Outdoors. Highlight the wonders of the sawgrass, playful wildlife or the vibrant colors of nature that surround us.  

To participate in the chalk art drawing, pre-registration is required as a limited capacity is available. Registration is now open, so secure your spot today! 

The park is open to the public for those that want to view the creative designs in progress from 11 a.m. to 1 p.m. Check-in for registered participants will open at 10:15 a.m.  
hands holding canned goods in the air with the Harvest Drive logo and Holiday Meal text above the photo
Harvest Drive Holiday Donation Drive
Saturday, November 4 | Noon - 7:30 p.m.
Thanksgiving is drawing near, so to honor the season of giving and gratitude we announce our annual Holiday Food Collection Drive-Thru event for Harvest Drive. This is an opportunity for all of us to make a meaningful impact on the lives of those who need it most.  

Donations will be accepted on Saturday, Nov. 4 at the Community Center inside Regional Park from noon until 7:30 p.m. Just drive up and our volunteers will unload your donations and you’ll be on your way. 
Veterans Day Breakfast
Veterans and their families are invited to register to attend a special breakfast in their honor. Hosted by the YMCA of South Florida and the Weston YMCA Family Center in collaboration with the City of weston, the 9th Annual Veterans Day Salute will take place on Friday, November 10 at 9 a.m. Attendees will be treated to a special breakfast and a keynote address by Captain Scott O’Grady, a decorated Air Force veteran who will share his survival story from when he was helping to enforce the NATO No-Fly Zone over Bosnia and his F-16 was struck by an anti-aircraft missile. He survived in hostile territory for six days prior to being rescued by US Marines. 
Recycling at Home? Don't Bag It
Yes, we know that many manufacturers make bags specifically for recycling in your home, but we are pleading with you to NOT bag your recycling.  

Why? Bagged recycling is not accepted by our solid waste provider, Republic Services, and by bagging your recycled products you are contaminating the recycling stream.  

Reminders for Responsible Recycling: 
Simply ensure that all your recycled items are clean and dry and drop them into your recycling cart. Items include aluminum cans, cardboard, paper (clean, dry and free of any food or grease/oil residue), glass jars or bottles and plastics #1 – 7.  

Do not include plastic wrap (such as found around a case of bottled water) or plastic bags.  

Tips for managing stress and beating the blues

  December 16, 2024 Tamara Campbell, executive director, Office of Mental Health, and Matthew Miller, executive director, Office of Suicide ...