Tag Archives: Banking

Commission notices on consequences of Brexit on banking and finance sectors

The European Commission has published a new webpage containing a number of notices setting out the consequences for stakeholders that the UK withdrawal from the EU will have on banking and finance rules. The webpage contains links to notices relating … Continue reading

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Senate Banking Committee Holds Hearing on Virtual Currencies – Warns of Celebrity Endorsements

The Senate Committee on Banking, Housing, and Urban Affairs held a hearing on Tuesday on virtual currencies and the role of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in overseeing the virtual currency industry. Witnesses … Continue reading

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The Challenges of Marijuana Banking Just Got Even More Challenging

The state-legal marijuana sector operates in a largely cash-based economy—only about 400 banks and credit unions in the U.S. actively provide financial services to this sector—because marijuana remains illegal under federal law, despite the increasing number of states acting to … Continue reading

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New Banking Code of Conduct provided to ASIC

A new Banking Code of Practice has been developed and sent to ASIC for approval. The new Code will also be scrutinised by the Royal Commission for the purpose of determining whether or not the industry code is adequate to … Continue reading

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Offshore Banking & IRS Penalties – FATCA, FBAR & DOJ Enforcement

Offshore Banking & IRS Penalties – FATCA, FBAR & DOJ Enforcement by Golding & Golding Offshore Banking & IRS Penalties – FATCA, FBAR & DOJ Enforcement Offshore banking in and of itself, is legal. For example, if an individual determines … Continue reading

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