Tags » Financial Services Law

Blowing The Whistle On Fraud In The Banking Industry [VIDEO]

The Department of Justice very actively pursues cases involving fraud in the banking industry, and through a law known as the Financial Institutions Anti-Fraud Enforcement Act… 282 more words

Financial Services Law

Get the FATCA Outta Here? Not Likely. - Foreign Account Tax Compliance Act

Despite several delays, it seems almost certain that the “Foreign Account Tax Compliance Act”1 (FATCA) will finally go into effect on July 1, 2014. 1,621 more words

Administrative & Regulatory

Digital Currency Identified as an “Emerging Risk” in the Canadian Federal Government’s 2014 Budget

On February 11, 2014, the Canadian Federal Government released its 2014 Budget. In the 2014 Budget, the Federal Government pledged to introduce legislative amendments to strengthen Canada’s anti-money laundering and terrorist financing regime in the area of virtual (digital) currency. 595 more words

Financial Services Law

UK Financial Conduct Authority (FCA) Issues First Fine Under New Anti-Money Laundering Regime

Financial Conduct Authority fines Standard Bank £7.6 million for failures in its anti-money laundering controls, underlining the importance of both having and implementing adequate policies in relation to money laundering. 730 more words
Financial Services Law