All posts tagged "IRS"
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112FeatureTAIFEX to Launch Central Clearing for OTC Derivatives in June 2022
FSC chairman Huang Tien-mu said it is "imperative" to establish central clearing for OTC derivatives as soon as possible.
July 15, 2021 -
118AML / KYCUS Treasury Paper Outlines Proposal for New Tax Reporting Regime
The paper proposes that transfers involving crypto assets worth more than USD 10,000 be reported to the IRS under the new reporting regime.
May 25, 2021 -
221AML / KYCUS DOJ Penalises Swiss Life for Facilitating Tax Evasion
Swiss Life and its subsdiaries created and marketed insurance products specially designed for US persons seeking to hide offshore assets and evade tax.
May 17, 2021 -
189MalaysiaBNM Eases Rules for Non-resident Banks Trading Ringgit IRS
Non-resident banks can trade ringgit-denominated interest rate swaps without any underlying commitment with any onshore bank or its appointed overseas offices.
March 15, 2021 -
1.1KAML / KYCUS DOJ Files Civil Forfeiture Complaint to Recover Stolen Crypto
The two crypto exchange hacks detailed in the complaint are linked to the same group of Chinese actors who laundered over $250mn in stolen cryptocurrency for North Korea in 2018.
September 1, 2020 -
1.8K1Capital RegulationBCBS Addresses Capital Requirements for “Crypto-Assets”
The BCBS consultation will likely give an indication of the banking industry's mindset towards holding cryptoassets in the future, says Douglas Cheung at Wolters Kluwer.
December 23, 2019 -
377AML / KYCHSBC Switzerland to Pay $192mn to Settle US Tax Evasion Probe
HSBC Switzerland has admitted to conspiring with US taxpayers to evade taxes and helping them to hide more than $1bn in assets from tax authorities.
December 12, 2019 -
Asia Next Up for US Tax Crackdown
Banks with links to avoidance should start submitting to scrutiny now, according to Withers.
May 27, 2016 -
FATCA Implementation Stalled by Complexity
Asian institutions still struggling with compliance systems even as law takes effect.
July 28, 2014 -
United States
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.
January 20, 2014
