Search Results for: financial institutions
India Signs Up For FATCA To Block Black Money
July 20th, 2015
The Indian government’s crackdown on black money is continuing with the signing of a Foreign Account Tax Compliance Act (FATCA) agreement with the USA. Both countries have agreed to swap financial information about bank accounts and investments controlled by ...
Philippines, US Sign FATCA Agreement
July 15th, 2015
On July 13, 2015, Philippines Finance Secretary Cesar Purisima and the US Ambassador to the Philippines, Philip Goldberg, signed an inter-governmental agreement (IGA) to facilitate compliance with the Foreign Account Tax Compliance Act (FATCA). FATCA, enacted by the US ...
ICAP announces Trading Statement
July 15th, 2015
Strong growth in Electronic Markets Continued to expand our addressable market Further investment in financial technology assets ICAP has issued an announcement to inform its trading statement for the period from 1 April 2015 to 30 June 2015 Group ...
SEC: OZ Management LP Admits Providing Inaccurate Data, Impacting Brokers’ Records and “Blue Sheets”
July 15th, 2015
The Securities and Exchange Commission today charged OZ Management LP with providing inaccurate trade data to four prime brokers, causing inaccuracies in the brokers’ books and records and in data provided to the SEC in investigations. OZ Management, an ...
Italy Ratifies FATCA Agreement with US
July 10th, 2015
Italy has ratified the inter-governmental agreement top facilitate compliance with the United States Foreign Account Tax Compliance Act. FATCA, enacted by the US Congress in 2010, is intended to ensure that the US obtains information on accounts held abroad ...
Tax: MEPs advocate country-by-country reporting to help developing countries
July 9th, 2015
The EU and its member states should make multinationals report their financial performance, tax details, assets and employee numbers country by country, so as to help fight tax evasion and illicit money flows in developing countries, says Parliament in ...
Westpac VC invests in Bitcoin player Coinbase
July 8th, 2015
In a deal that will put Westpac Banking Corp in the box seat as cryptocurrencies develop, the bank’s venture capital fund, Reinventure Group, has invested in Coinbase, one of the world’s pre-eminent Bitcoin companies. In the first deal involving ...
Fighting money laundering in the back office
July 7th, 2015
Back Office Workforce Optimisation solutions are key to solving regulatory issues within the financial services sector Organisations are on high alert for signs of money laundering. Alerts raised in the field or by detection systems need to be investigated ...
There’s a simple solution to Greece’s problems, but Europe won’t try it
July 2nd, 2015
An interview by Ezra Klein Adam Posen is president of the Peterson Institute for International Economics and, like every international economist right now, he’s glued to the drama in Greece. There is, he says, a simple solution to the ...
The 75 Trillion Dollar Shadow Banking System Is In Danger Of Collapsing
July 1st, 2015
Keep an eye on the shadow banking system – it is about to be shaken to the core. According to the Financial Stability Board, the size of the global shadow banking system has reached an astounding 75 trillion dollars. It has ...
