United States

FATCA in Full Force

For the first time in history, the US Government wields an international array of law enforcement tools specially designed to pursue tax evasion. But, what are the repercussions?

Thinking Alongside Jamie Dimon

What is good for JPMorgan is good for America?

‘Spoofing’: Don’t do the Crime If you Can’t Do The Time

US government tries to criminalise a high frequency trading tactic. Will computers be convicted?

Standard Chartered Fined $300 Million by US Financial Watchdog

Standard Chartered will pay $300m over lapses in anti-money-laundering procedures and temporarily suspend its dollar clearing operations with high-risk clients in Hong Kong, the New York State Department of Financial Services (DFS) said.

DTCC to Launch Client Data, Documentation Hub

The Depository Trust & Clearing Corporation, the world’s largest post-trade services provider, announced the establishment of the client data and documentation solution Clarient Entity Hub, which is designed to provide increased controls, standardization and transparency in managing client information.

US May Delay FATCA Implementation

The Foreign Account Tax Compliance Act (FATCA) may be delayed again by another six months due to pending intergovernmental agreements between the U.S. and other countries.

Judge Upholds Rule for US Banks to Report to Foreign Countries Under FATCA

A federal court rules that U.S. banks must report to foreign governments on the holdings of citizens in line with FACTA.

US Regulators Issue Final Rules Implementing Volcker Rule

Five federal agencies have issued final rules developed jointly to implement section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Volcker Rule”).

Thailand Based Trader Pays $5.2M SEC Settlement

SEC Issues Risk Alert on Options Trading