Forbes10 Facts About FATCA, America's Manifest Destiny Law Changing Banking ...ForbesNever heard of FATCA? You will. FATCA—the Foreign Account Tax Compliance Act—is America's global tax law. It was quietly enacted in 2010, and after a four-year ramp up, it's finally in effect. What is most amazing is not its impact on Americans ...and more »
New York TimesBank Overseer PwC Faces Penalty and Sidelining of Regulatory Consulting UnitNew York TimesMr. Lawsky's office, when investigating a consultant for a breach of trust, need not prove a legal violation. By a quirk in a New York State banking law that dates back to the end of the 19th century, Mr. Lawsky's office has the authority to with […]
ArabianBusiness.comIslamic banking faces challenging, yet promising future in RussiaRussia and India ReportThe main difficulty that Islamic banks come up against in Russia is that under the law on banks and banking, a loan is a paid service. Whereas under the requirements of Islamic economics a loan is granted free of charge, explains the head of the ...Russ […]
After new banking law, the deluge?BusinessWorld Online EditionON JULY 21, the President signed into law Republic Act 10641 allowing full entry of foreign banks into the Philippines. This law amends some of the provisions of Republic Act 7721, a law enacted in 1994, which partially liberalized the entry and scope ...