U.S. Treasury

US Treasury: Taxes On Digital Companies Are Discriminatory
US Treasury: Taxes On Digital Companies Are Discriminatory
March 12, 2019  |  Regulation

A U.S. Treasury official said a French tax plan targeting American digital companies is discriminatory against American businesses. Reuters reported that Chip Harter, the U.S....

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Global Standard For Crypto AML In The Works
Global Standard For Crypto AML In The Works
September 20, 2018  |  Cryptocurrency

The leader of the global anti-money laundering (AML) task force said he was “optimistic” that it is closer to establishing worldwide standards that apply to...

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Trump Administration Shrinks Finance Watchdog
Trump Administration Shrinks Finance Watchdog
August 09, 2018  |  Regulation

The Trump administration is laying off 40 staff members at the Office of Financial Research (OFR), an independent bureau that analyzes market trends to detect...

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AI, Security And Loosened Rules: How The US Wants To Boost FinTech
AI, Security And Loosened Rules: How The US Wants To Boost FinTech
July 31, 2018  |  Bank Regulation

Loosening federal regulations, enacting national data breach protections and drafting “model laws” at the state level to reduce overlapping red tape, could help promote FinTech...

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Tencent, Alibaba, JD.com US Investments Could Be Trade War Casualty
Tencent, Alibaba, JD.com US Investments Could Be Trade War Casualty
June 26, 2018  |  International

The Trump administration might be introducing a new initiative that would restrict investment in U.S. tech firms by Chinese companies, as well as stop tech...

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Treasury Department Asks For Relaxed Penalties For Community Reinvestment Act
Treasury Department Asks For Relaxed Penalties For Community Reinvestment Act
April 04, 2018  |  Regulation

The Treasury Department has recommended that U.S. regulators ease up on penalties for banks that fail to adhere to the Community Reinvestment Act (CRA). The...

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Latvian Defense Ministry Says Corruption Allegations Are Fake News
Latvian Defense Ministry Says Corruption Allegations Are Fake News
February 21, 2018  |  International

The Latvian Defense Ministry is contending that corruption allegations — which resulted in the suspension of a central bank governor on Tuesday (Feb. 20) —...

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Treasury Eyes Cryptocurrencies For Money Laundering
Treasury Eyes Cryptocurrencies For Money Laundering
January 18, 2018  |  Regulation

The U.S. Treasury’s financial crime unit is picking up enforcement of cryptocurrency platforms that don’t have strong internal mechanisms in place to prevent money laundering,...

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US Lawmakers’ Gentle Approach To Alt-Lending Regulation
US Lawmakers’ Gentle Approach To Alt-Lending Regulation
July 27, 2015  |  B2B Payments

Industry experts have been anticipating the regulatory crackdown of the alternative lending market for some time. After all, there are far more rules in place...

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