Tag Archives: AML

Kyckr Expands Coverage to China as Need for Know-Your-Customer Technology Increases

29 Sep
Know-Your-Customer Technology

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 […]

Financial Institutions AML & KYC

10 Mar
Privacy-Protection Policy

Financial institutions fear to be wittingly or unwittingly implicated when they are used to settle, facilitate, or finance international trade transactions (e.g., through processing wire transfers, providing trade finance, and issuing letters of credit and guarantees). Implication is criminal prosecution for money laundering. Financial Action Task Force (FATF) rules extends to everybody and leads to […]

Your Foreign Company and Tax

08 Feb
UBER 4U - Mutual Funds

Word is that Morgan Stanley in NYC has reduced their Wealth Manager staff by 15% because a) Annual filing of data to automatic report in compliance to the OECD Common Reporting Standard is a minimum cost annually of $600.00 per account and they have 2.5 Trillion under management, so you can just imagine the reporting costs; […]

Investing Offshore requires forward thinking

31 Jan
Trump International Hotel & Tower; Chicago, - 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, […]