commercialobserver.com commercialobserver.com

CBRE Sues FreshDirect for $400K Breakup Fee on Attempted Bronx HQ Sale

Breaking up is hard to do. CBRE sued FreshDirect to get its $400,000 breakup fee for the attempted sale of the company’s Bronx distribution center and headquarters, court records show. The suit, filed Tuesday in Manhattan Supreme Court, claims CBRE is owed the fee after it fielded “multiple offers,” for the center at 2 St. Ann’s Avenue that FreshDirect rejected. FreshDirect has so far not paid the fee because, according to a...

accountancyage.com accountancyage.com

Money laundering: do you fully understand the risks?

Money laundering strategies are constantly evolving, with The National Risk Assessment (NRA) of Money Laundering and Terrorist Financing warning that the risk that accountancy service providers could be used to facilitate money laundering is considered high. The Institute of Financial Accountants (IFA) is urging accounting firms to employ vigilance now more than ever as it encourages regular review of their client and firm-wide risk...