Difference between revisions of "Compliance"

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*Three big problems hobble the fight against financial crime: a lack of transparency; a lack of collaboration; and a lack of resources. [https://www.economist.com/finance-and-economics/2021/04/12/the-war-against-money-laundering-is-being-lost]
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*The value of information coming from a network of banks is thousands of times higher than the information any one bank [https://www.economist.com/finance-and-economics/2021/04/12/the-war-against-money-laundering-is-being-lost]
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*Banks can spend all they like on AML, but the criminals won’t end up in court [https://www.economist.com/finance-and-economics/2021/04/12/the-war-against-money-laundering-is-being-lost]
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*Blaming banks for not ‘properly’ implementing anti-money-laundering laws is a convenient fiction [https://www.economist.com/finance-and-economics/2021/04/12/the-war-against-money-laundering-is-being-lost]
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== [[FATCA|FATCA - Foreign Aggression Terrorizing Citizens Abroad]] ==
 
== [[FATCA|FATCA - Foreign Aggression Terrorizing Citizens Abroad]] ==
 
== [[GILTI]] ==
 
== [[GILTI]] ==

Revision as of 05:37, 17 April 2021

  • 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]

FATCA - Foreign Aggression Terrorizing Citizens Abroad

GILTI

Legal Assistance

Legal Challenges

Data Breach