Understanding FATCA and the controversy surrounding it
What is the Foreign Tax Compliance Act (FATCA)?
The Foreign Account Tax Compliance Act, or FATCA in short, is a federal law implemented by the...
Iran approves Cryptocurrency for Imports in an effort to bypass Sanctions
Iran's illicit activities and the Sanctions against it
Iran is no stranger to sanctions and has been the subject of many trade and financial restrictions...
Money Laundering through Payment Gateways and BNPL Scheme
What is a Payment Gateway?
Exchanging money has become extremely simple in today's world of online payments, UPI (United Payment Interface) transactions, and net banking....
Fintech firm Wise fined for AML Non compliance
What is Wise?
TransferWise or Wise is a London-based Fintech company that was started by former Skype employee Taavet Hinrikus alongside financial advisor Kristo Käärmann....
Revealed: A simple technique to beat FATCA reporting
What are Shell Banks?
The concept of shell banks is quite similar to that of shell companies. Shell banks are banks that do not have...