Search Results for: US authorities
Paris wins legal battle against Airbnb hosts in European high court
September 23rd, 2020
The European Court of Justice has upheld a French law that gives cities and towns the right to block short-term property rentals, a decision that may open the way for European cities to take action against Airbnb and similar ...
Big banks moved trillions despite knowing money was illegal; FinCEN
September 22nd, 2020
Leaked documents reveal major flaws in the global effort to curb money laundering. Major international banks are in hot waters again. Confidential documents leaked to journalists show that some of the biggest international banks continued to do business with corrupt ...
Inflation, deflation and other fallacies
September 15th, 2020
There can be little doubt that macroeconomic policies are failing around the world. The fallacies being exposed are so entrenched that there are bound to be twists and turns yet to come. This article explains the fallacies behind ...
GDPR fines mount
September 2nd, 2020
In the over two years since Europe’s General Data Protection Regulation (GDPR) was implemented on the EU and EEA, a team of financial analysts from Finbold has studied the fines and penalties that data protection authorities have imposed within ...
Doubling down on failed policies with central bank digital currencies
August 27th, 2020
Many central banks are researching retail digital currencies, which if implemented, would allow them to issue a new currency directly to the public, managed on a centralised ledger bypassing commercial banks. While there is an element of feeling the ...
Cryptocurrency to get pan-European legal framework
August 24th, 2020
In the fall, the EU Commission is set to complete its work on digital finance, and the result will be a clear definition for cryptocurrency in European law. “Lack of legal certainty is often cited as the main barrier ...
An unexpected systemic crisis is for sure
August 18th, 2020
Downturns in bank credit expansion always lead to systemic problems. We are on the edge of such a downturn, which thanks to everyone’s focus on the coronavirus, is unexpected. We can now identify 23 March as the date ...
Interactive Brokers LLC to pay more than $12 million for AML and Supervision violations
August 17th, 2020
The Commodity Futures Trading Commission (CFTC) filed and simultaneously settled charges against Interactive Brokers LLC, a registered futures commission merchant (FCM), for failing to diligently supervise its officers’, employees’, and agents’ handling of several commodity trading accounts and failing ...
The Eurozone’s financial disintegration
July 31st, 2020
Introduction The Euro Crisis Monitor (above) shows the increasing imbalances in the TARGET2 settlement system between all its members: the ECB (itself with a €145bn deficit) and the national central banks in the Eurozone. Other than minor differences reflecting ...
The pound’s future in a dollar collapse
July 28th, 2020
In recent articles for Goldmoney I have pointed out the dollar’s vulnerability to a final collapse in its purchasing power. This article focuses on the factors that will determine the future for sterling. Sterling is exceptionally vulnerable to ...
