Tag: Anti-Money Laundering
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Treasury Releases Long-Awaited Final Anti-Money Laundering Regulations: A Game-Changer for Global Finance
In a significant move towards tightening the global financial system, the U.S. Department of the Treasury has released its long-anticipated final anti-money laundering (AML) regulations. This development marks a pivotal moment in the ongoing effort to combat illicit financial activities, providing clearer guidance and more robust frameworks for financial institutions and other entities involved in…
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Know Your Customer (KYC) and Anti-Money Laundering (AML) Rules of the Road
KYC and AML Regulations KYC (Know Your Customer) laws refer to regulations that require financial institutions and other businesses to verify the identity of their customers and clients in order to prevent money laundering, terrorism financing, and other forms of financial crimes. KYC laws were introduced in the United States in the 1970s under the…
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Kyckr Expands Coverage to China as Need for Know-Your-Customer Technology Increases
SAN FRANCISCO, September 30, 2020 (Newswire.com) – Kyckr Limited (ASX:KYK), a regulatory technology company, is pleased to announce it has added China to its network of corporate registry connections, as the need for reliable Know-Your-Customer (KYC) solutions continues to grow at a time of increasingly stringent anti-money laundering (AML) regulations and enforcement. Over the past year, there…
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Investing Offshore requires forward thinking
Donald Trump’s Fiscal Tax Plan will increase the ultimate yield on your corporate projects and investments offshore. Trump’s plan scraps dividend tax and at the same time it scraps the foreign bank interest tax exemption. Which means, for example, bank lending overnight from the Cayman is redundant / irrelevant. ”Tax Havens” such as Cayman, Bermuda,…