Remove 2004 Remove Regulation Remove Taxes
article thumbnail

Amazon’s Biggest Campus In The World Opens In India

PYMNTS

The move illustrates Amazon’s aggressive push to expand in the country, despite stiff competition from companies like Walmart, and stringent regulations in the country regarding foreign eCommerce sites. Amazon, for its part, started working in India in 2004, but retail endeavors began in earnest in 2013.

Arlington 170
article thumbnail

London’s Dirty Little (Money Laundering) Secret

PYMNTS

office were facilitating tax evasion and money laundering. According to FT , no public or private action was taken against the bank by regulators after the information was disclosed. regulators didn’t seem inclined to take any real steps toward looking into the claims about BSI’s role in tax evasion at the time.

Taxes 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

India’s Struggling Yes Bank Sees Share Boost From $1.2B Offer

PYMNTS

Regulators must approve it as well. The bank has had a tumultuous 2019, facing increased attention from regulators as well as scrutiny from investors, who are concerned about bad loans , lack of lender regulation and availability of capital. The deal is still awaiting approval by the bank’s shareholders and the board.

article thumbnail

The banks serving active duty personnel

Independent Banker

Banks also serve more seasoned military members whose loan terms, for example, are subject to different regulations. Wilson says Arkansas offers attractive benefits for military retirees, such as state income tax exemption and reciprocal licensing for spouses. Hopefully, that resonates.”. They deserve the best we have to offer.”.

Arkansas 168
article thumbnail

Guest Post: Second Quarter Economic Update

Jeff For Banks

Government and regulators are contributing to the pessimism with financial reform legislation that does not even address some of the causes of the crisis, new FASB proposals to impose harmful mark-to-market accounting on bank loans, and the looming expiration of the Bush tax cuts in 2011. Bummers all.

Taxes 60
article thumbnail

Who does AML hurt?

Tomorrow's Transactions

According to a KPMG survey, the cost of compliance with anti-money laundering (AML) regulations grew “beyond expectations” for banks last year. Using the multiplier model of the relationship between criminal markets revenues and money laundering activities and data for 2004, the value of money laundering is equal to US$ 1.2

article thumbnail

Quantifying the full impact of country-specific policies on trade flows

BankUnderground

A byproduct of the analysis is that we obtain an estimate of the trade elasticity for services, which is typically challenging to estimate given that services trade is not taxed in the same way that goods trade is via tariffs. Methodology in a nutshell.

Policies 124