Collaborate Disseminate
U.S. President Joe Biden’s proposed budget, set to be unveiled Thursday, will include a provision to close tax loss harvesting on crypto transactions. From a report: A White House official confirmed that the budget will include a tax provision intended… Continue reading Biden Budget Plan Would Close Crypto Tax Loss Harvesting Loophole
An anonymous reader quotes a report from Ars Technica: Netflix co-CEO Greg Peters spoke out against a European proposal to make streaming providers and other online firms pay for ISPs’ network upgrades. “Some of our ISP partners have proposed taxing en… Continue reading Netflix Fights Attempt To Make Streaming Firms Pay For ISP Network Upgrades
A custodian bank has a client which is an investment arranger.
The funds of the investment arranger’s clients are held at the custodian.
The custodian has flagged one of the investment arranger’s clients as being an AML risk and has now fr… Continue reading AML information on the beneficial owner for clients of a custodian
These types of scams that seek to dupe unsuspecting targets can leave victims financially and emotionally devastated.
The post ‘Pig butchering’ scams on the rise, luring victims with promises of relationships and riches appeared first on CyberScoop.
An anonymous reader quotes a report from The Guardian: Consumers could be using a new digital pound as an alternative to cash by the end of the decade under plans being drawn up by the Bank of England and the Treasury. The government is speeding up its… Continue reading ‘Britcoin’ Digital Currency Could Be In Use By End of Decade
Anti-money laundering (AML) policies are getting stronger as countries crack down on any opportunity criminals might have to take advantage of services and resources to further their activity. The US has the Bank Secrecy Act, the Patriot Act, and Anti-… Continue reading As the anti-money laundering perimeter expands, who needs to be compliant, and how?
The Associated Press reports that America’s Federal Reserve Board “has denied a Wyoming cryptocurrency bank’s application for Federal Reserve System membership, officials announced Friday, dealing a setback to the crypto industry’s attempts to build ac… Continue reading Wyoming Crypto Bank Denied for Federal Reserve System Membership
AWS, Google and Microsoft are among creditors owed money after the FTX crypto exchange filed for bankruptcy in November. From a report: Since the once-hyped company went south, founder and former CEO Sam Bankman-Fried was arrested in the Bahamas in Dec… Continue reading AWS, Microsoft, Google Among Businesses Owed Money After FTX Collapse
“Starting on February 23, 2023, GitHub Sponsors will no longer support PayPal as a payments processor,” the company announced today in a blog post. “As such, it will no longer be possible to sponsor individuals or organizations using PayPal.” No detail… Continue reading GitHub Sponsors Will Stop Supporting PayPal
Ken Griffin’s Citadel made $16bn profit for investors last year, the biggest dollar gain by a hedge fund in history and a haul that establishes his company as the most successful of all time. Financial Times: Citadel, which manages $54bn in assets, mad… Continue reading Citadel Breaks Records With $16 Billion Profit