Compliance

From SEAT Wiki
  • Three big problems hobble the fight against financial crime: a lack of transparency; a lack of collaboration; and a lack of resources. [1]
  • The value of information coming from a network of banks is thousands of times higher than the information any one bank [2]
  • Banks can spend all they like on AML, but the criminals won’t end up in court [3]
  • Blaming banks for not ‘properly’ implementing anti-money-laundering laws is a convenient fiction [4]

Double-Taxation Treaties

Most tax treaties with the US have a saving clause that enables America to tax its citizens and treaty residents as if no tax treaty were in effect. [5]

FATCA - Foreign Aggression Terrorizing Citizens Abroad

GILTI

Legal Assistance

Legal Challenges

Data Breach

AEOI