Search Results for: US authorities
FATCA exceptions agreed by Swiss and US authorities
March 4th, 2016
Accounts held by the lawyers or notaries of clients in Switzerland are now exempt from the United States’ Foreign Account Tax Compliance Act (FATCA) following the signing of an agreement by the countries’ authorities in February. The competent authorities ...
US authorities throw the book at Ripple Labs
May 6th, 2015
Ripple Labs has been fined $700,000 by the US Financial Crimes Enforcement Network (FinCEN) in the first successful civil enforcement action against a virtual currency exchange. According to the charge sheet brought by US authorities, Ripple Labs, and its ...
Supervisory Authorities Warn: Be Cautious
November 2nd, 2017
The supervisory authorities of the United Kingdom (Financial Conduct Authority – FCA), Belgium(Financial Services and Markets Authority – FSMA), Switzerland (Swiss Financial Market Supervisory Authority – FINMA), Jersey (Jersey Financial Services Commission), Hong Kong (Securities and Futures Commission – ...
EBA finds supervisory authorities have implemented robust IT systems
April 12th, 2017
The European Banking Authority (EBA) published today a Report on the Peer Review carried out on its ITS on supervisory reporting aimed at assessing how supervisory authorities have ensured its consistent and comprehensive implementation. The Report summarises the outcomes ...
Chinese Authorities probe into Pegasus
July 29th, 2014
Pegasus Communications, a subsidiary of the American public relations firm Edelman, says that its Beijing office was visited last week by the “relevant authorities” and that it was cooperating with an investigation. No details were released about which authorities ...
U.S. authorities reportedly investigating Bitcoin businesses for connections to Silk Road
May 21st, 2014
Wall Street Journal reports that U.S. authorities are apparently renewing investigations into Bitcoin businesses and any potential connections to criminal activity. Specifically, renewed interest has surfaced in who else may have been connected to Silk Road, the shuttered online ...
Eurojust supports international operation against tax evasion through sham contracts
January 26th, 2024
Eurojust has supported the competent authorities in Germany, Estonia, Latvia, Lithuania and Poland in a coordinated action against a group of suspects allegedly involved in tax evasion through sham contracts with foreign subcontractors. During an operation on 10 October, ...
Cyprus government mulling reduced VAT for basic necessities
April 21st, 2023
It is unclear how effective government machinations to reduce the VAT on necessary goods will be, following reports on Wednesday that authorities are looking to completely axe tax on items like bread, milk, and baby food. Commenting on the ...
Beware over Covid-19 business email fraud
August 27th, 2021
Europol, the European Union’s law enforcement agency, has recently published a media release to inform that a sophisticated fraud scheme using compromised emails and advance-payment fraud has been uncovered by authorities in Romania, the Netherlands and Ireland as part ...
Cyprus, Ghana and Kenya join growing list of countries to create beneficial ownership registries
April 15th, 2021
An infamous tax haven in the heart of Europe and two of Africa’s largest economies will force companies to declare their owners, joining a growing list of countries responding to public pressure over crime and tax avoidance enabled by ...
