All posts tagged "IRS"
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192AML / KYCUS DOJ Links Singapore, Hong Kong to Tax Evasion Case
An unsealed indictment shows that six individuals and a Swiss firm used accounts in Singapore and Hong Kong to help US clients evade taxes from 2009 to 2014.
September 30, 2021 -
295AML / KYCCFTC Investigates Binance for Possible Insider Trading
Binance reportedly has plans to become a licensed financial institution, with a centralised headquarters, to make it easier to work with regulators.
September 23, 2021 -
238FeatureTAIFEX 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 -
150AML / 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 -
304AML / 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 -
229MalaysiaBNM 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 / KYC
US 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 -
1.9K1Capital 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 -
393AML / 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
