- published: 03 May 2016
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document source: http://www.baiphil.org/wp-content/uploads/2010/03/SBD_Booklet_Official22012.06.13.pdf some sources: http://foolfeed.com/wp-content/uploads/2015/03/Law-Book.jpg http://wiki.minecraft.name/images/a/ae/Bank.png bgm (dissidia duodecim - heroes) https://www.youtube.com/watch?v=zXtoC0VICVs&index=13&list=PL5B8323C4AAA32300
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Several bank officials invoked the bank secrecy law on Tuesday's Senate inquiry on the $81-million money laundering scandal. The law, which was enacted in 1955, ensures the confidentiality of all bank deposits, except if there is a written consent from the depositor, if an account is linked to a graft and corruption case, and if it is related to litigation. - The World Tonight, ANC, March 16, 2016
What is BANK SECRECY? What does BANK SECRECY mean? BANK SECRECY meaning - BANK SECRECY definition - BANK SECRECY explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Bank secrecy (or bank privacy) is a legal requirement in some jurisdictions which prohibits banks providing to authorities personal and account information about their customers, except in certain conditions, such as if a criminal complaint has been filed. In some cases, additional privacy is provided to beneficial owners through the use of numbered bank accounts or in other ways. Bank secrecy is prevalent in certain countries such as Switzerland, Lebanon, Singapore and Luxembourg, as well as offshore banks and other tax havens under voluntary or statutory privacy...
Subscribe! http://bitly.com/1iLOHml Swiss banks have been scrutinized the last few years for alleged unscrupulous business conduct. So what unethical practices are they accused of? Learn More: Tax Justice Report http://www.taxjustice.net/cms/upload/pdf/TUIYC_2012_FINAL.pdf HSBC: Corporate Rap Sheet http://www.corp-research.org/HSBC "Once a staid financial institution with a focus on Asia, HSBC has found itself caught up in recent years in scandals involving predatory lending, tax evasion and the role its lax internal controls have played in helping drug traffickers and organizations said to be linked to terrorist groups." Swiss bank secrecy in toughest test since Nazi gold http://www.reuters.com/article/2008/12/11/us-banking-secrecy-switzerland-idUSTRE4BA0CV20081211 "N...
The Banking Law of 1934 made it a criminal act for a Swiss bank to reveal the name of an account holder. Swiss bank secrecy protects the privacy of bank clients; the protections afforded under Swiss law are similar to confidentiality protections between doctors and patients or lawyers and their clients. Here are five interesting and lesser known facts about the Swiss bank !!!! Watch this video to know more about The truth about Swiss bank accounts. Please subscribe our channel for more videos !! THANK YOU https://www.youtube.com/channel/UCmeVA7qy9XsyyDc2UmDrSQw
Subscribe to France 24 now: http://bit.ly/France24Subscribe THE BUSINESS INTERVIEW : From HSBC to Mcdonald's, tax dodging is back in the media spotlight following a series of revelations in recent weeks. The issue is global and it requires global solutions, according to Pascal Saint-Amans, the OECD's tax head. He tells FRANCE 24 why 2018 will mark the end of bank secrecy in Switzerland. Visit our website: http://www.france24.com Subscribe to our YouTube channel: http://www.youtube.com/subscription_center?add_user=france24english Like us on Facebook: https://www.facebook.com/FRANCE24.English Follow us on Twitter: https://twitter.com/France24_en
http://www.parientelaw.com/blog/2015/07/the-crime-of-structuring-bank-deposits/ - This is a type of white-collar crime that recently received a lot of attention earlier this summer from Speaker House Speaker Dennis Hastert who reportedly paid millions of dollars to an individual as hush money. The practice involves putting less than $10,000 in the bank to avoid being reported to the IRS. Many people try to get creative about it and put $8000 and during the day and then tried to deposit some amount later that's either less then or equal to $10,000. If you were caught structuring your cash deposits you were at risk of up to five years in federal prison or $250,000 fine. Structuring, also known as smurfing in banking industry jargon, is the practice of executing financial transactions (such...
See the full video in the complete Panopto player! http://demo.hosted.panopto.com/Panopto/Pages/Viewer.aspx?id=2202a666-8b6a-48bc-bc79-cc4202e13e94 In this sample Panopto video, a member of the Invest-X learning and development team provides bank employees with required training and a quiz on the Bank Secrecy Act (BSA).
Pabor naman ang Bangko Sentral ng Pilipinas na alisin o luwagan ang Bank Secrecy Law. Ito'y sa harap na rin ng imbestigasyon sa $81 million money laundering scheme. Subscribe to the ABS-CBN News channel! - http://bit.ly/TheABSCBNNews Watch the full episodes of TV Patrol on TFC.TV http://bit.ly/TVP-TFCTV and on IWANT.TV for Philippine viewers, click: http://bit.ly/TVP-IWANTV Visit our website at http://news.abs-cbn.com Facebook: https://www.facebook.com/abscbnNEWS Twitter: https://twitter.com/abscbnnews
The Bank Secrecy Act of 1970 (or BSA, or otherwise known as the Currency and Foreign Transactions Reporting Act) requires financial institutions in the United States to assist U.S. government agencies to detect and prevent money laundering. Specifically, the act requires financial institutions to keep records of cash purchases of negotiable instruments, and file reports of cash purchases of these negotiable instruments of more than $10,000 (daily aggregate amount), and to report suspicious activity that might signify money laundering, tax evasion, or other criminal activities. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Bagamat nakaharap ni vice presidential candidate Antonio Trillanes ang abugado ni presidential candidate Rodrigo Duterte sa BPI Julia Vargas branch, hindi pa rin nailabas ang detalye ng kinekwestyong bank account ni Duterte. Isinusulong naman ng BIR ang pagtanggal sa Bank Secrecy Law para madaling maimbestigahan ang mga opisyal ng pamahalaan na pinagdududahang may tagong yaman. Subscribe to the ABS-CBN News channel! - http://bit.ly/TheABSCBNNews Watch the full episodes of Bandila on TFC.TV http://bit.ly/BANDILA-TFCTV and on IWANT.TV for Philippine viewers, click: http://bit.ly/BANDILA-IWANTV Visit our website at http://news.abs-cbn.com Facebook: https://www.facebook.com/abscbnNEWS Twitter: https://twitter.com/abscbnnews
MANILA - Senator Serge Osmeña and Macel Fernandez-Estavillo, head of RCBC's legal and regulatory group, got into a heated debate about the country's bank secrecy law, which Estavillo said hinder the bank from discussing details of the deposits linked to the $81-million money laundering scandal. Subscribe to the ABS-CBN News channel! - http://bit.ly/TheABSCBNNews Visit our website at http://news.abs-cbn.com Facebook: https://www.facebook.com/abscbnNEWS Twitter: https://twitter.com/abscbnnews
[PTVNews] Relaxing bank secrecy law sought [09|05|16] For more news, visit: ►http://www.ptvnews.ph Subscribe to our YouTube channel: ►http://www.youtube.com/ptvphilippines Like our facebook page: ►PTV: http://facebook.com/PTVph ►Good Morning Pilipinas: https://www.facebook.com/gmorningpilipinas ►PTV NEWS @1: http://facebook.com/PTVnewsat1 ►PTV NEWS @6: http://facebook.com/PTVnewsat6 ►PTV NEWS @9: http://facebook.com/PTVnewslife ►PTV SPORTS: http://facebook.com/PTV4SPORTS Follow us at Twitter: ►http://twitter.com/PTVph Follow us at Instagram: ►https://www.instagram.com/ptvph Follow our livestream at ►http://ptv.ph Watch our News Programs, every Monday to Friday RadyoBisyon - 6:00 am - 7:00 am Good Morning Pilipinas - 7:00 am - 8:00 am PTV News @1 - 1:00 pm - 2:30 pm PTV News @...
ISINUSULONG NGAYON SA SENADO NA AMYENDAHAN ANG BANK SECRECY LAW UPANG I-XEMPT ANG MGA OPISYAL NG PAMAHALAAN KABILANG NA ANG MGA EMPLEYADO . SA GAGAWING PAGAMYENDA BIBIGYAN NG KARAPATAN ANG BIR, OMBUDSMAN AT IBA PANG AHENSYA NA SILIPIN ANG KANILANG MGA BANK DEPOSITS NG MGA PUBLIC OFFICIALS. Subscribe to the NewsThatMatter channel: https://www.youtube.com/channel/UChfQ... Visit the NewsThatMatter Portal: http://newsthatmatter.net
Senators, businessmen want to relax Bank Secrecy Law By Rex Remitio | March 30, 2016 CNN Philippines' Network News The Philippines has one of the strictest bank secrecy laws in the world. Authorities, lawmakers and businessmen want to lift the law. CNN Philippines explains why. This report first aired on CNN Philippines' Network News on March 30, 2016. © 2015 Nine Media Corp. CNN name, logo and all associated elements ™ and © 2015 Cable News Network. Turner Broadcasting System, Inc. All rights reserved.
On 21st August 2009, the Swiss government handed over the names of 4,500 American tax evaders to the US Congress, ending the legendary principle of secrecy on which the country’s banks had built their reputation for almost a century. How did the United States manage to force Switzerland to comply? One of the world’s biggest tax havens, the country had until now remained unreceptive to demands for greater transparency from around the globe. Why did UBS – the global leader in private fortune management – decide to waive its clients’ anonymity?
A Swiss government bill was put to parliament to allow Swiss banks to hand over internal information to the US authorities, in a move that was previously outlawed, to co-operate with US investigators and to help what they said was a prevention of continuing criminal activity.
The Swiss CFA Society 2012 debate June 27th, 2012 at the CS Forum, Geneva: FATCA - The worldwide end of Bank Secrecy? MODERATOR: Pierre Kobel, Partner at Hirsch Kobel, a small business firm focusing on dispute avoidance and resolution. Pierre is advising and representing clients in banking matters (banks and customers), corporate issues, competition and industrial property. Pierre holds an LL.M. in trade regulation from New-York University. Pierre is often invited to contribute to master programs at the law faculty of the University of Geneva and is General Reporter of the International League of Competition Law. J. Richard (Dick) Harvey, Jr., Distinguished Professor of Practice at Villanova University School of Law and Graduate Tax Program. He is the former Senior Advisor to the ...
RCBC, CEO, Lorenzo Tan, Speech, Hindered, by, Bank Secrecy Laws, When, TJ Guingona, Queries 100 Million US dollars, Bangladesh, New York Fed, Chinese, heist, stolen, hack. MANILA - Senator Serge Osmeña and Macel Fernandez-Estavillo, head of RCBCs legal and regulatory group, got into a heated debate about the countrys bank secrecy law, which Estavillo said. 2 RCBC bank Threshhold 1 Billion pesos Macel To Sergio Osmena Philippine Senate Blue Ribbon Committee, Philippine News, 29, 2017, Senate Blue Ribbon Committee, Maia De Guito, William.
In this webinar, we discuss how banks can keep pace abiding by BSA/AML compliance and reporting rules. Speakers from Pneuron, Texas A&M University Law, and Reed Smith review recent litigation, sanctions and developments in Anti-Money Laundering, giving you understanding of how to combat current challenges to create an optimized program that is standardized and more accurate.
Formed in 1989 by the G7 countries, the FATF is an intergovernmental body whose purpose is to develop and promote an international response to combat money laundering. The FATF Secretariat is housed at the headquarters of the OECD in Paris. In October 2001, FATF expanded its mission to include combating the financing of terrorism. FATF is a policy-making body that brings together legal, financial, and law enforcement experts to achieve national legislation and regulatory AML and CFT reforms. Currently its membership consists of 34 countries and territories and two regional organizations. In addition, FATF works in collaboration with a number of international bodies and organizations. These entities have observer status with FATF, which does not entitle them to vote, but permits them full p...
TRANSCRIPT AND RESOURCES: http://www.corbettreport.com/federalreserve What is the Federal Reserve system? How did it come into existence? Is it part of the federal government? How does it create money? Why is the public kept in the dark about these important matters? In this feature-length documentary film, The Corbett Report explores these important question and pulls back the curtain on America's central bank.
Banking in Switzerland is regulated by the Swiss Financial Market Supervisory Authority (FINMA), which derives its authority from a series of federal statutes. The country's tradition of bank secrecy, which dates to the Middle Ages, was first codified in the Federal Act on Banks and Savings Banks, colloquially known as the Banking Law of 1934. The regime of bank secrecy that Swiss banks are famous for came under pressure in the wake of the UBS tax evasion scandal, and the 1934 banking law was amended in 2009 to limit tax evasion by non-Swiss bank clients. In 2011, banks represented 59.4% of the total value added of the Swiss financial sector, totalling CHF 35.0 billion representing 6.2% of the country's GDP. UBS and Credit Suisse, the two largest banks in Switzerland, were ranked globally ...
Assistant professor at the University of Copenhagen, Niels Johannesen, speaks at Publish What You Pay Norway and NHH Norwegian School of Economic's Financial secrecy, society and vested interests-Conference in Bergen, Norway, November 2012.
Download→ "Thought Vibration - The Law of Attraction" - PDF (161 Pages) http://www.mediafire.com/download/9qve1ci1jns533a/Thought_Vibration__Or__The_Law_of_Attrac.pdf Twitter: https://twitter.com/Darehl The Power of Thought Vibrations: Asserting the Life Force and the Law of Attraction ~ William Walker Atkinson Summary from Wikipedia: William Walker Atkinson (December 5, 1862 -- November 22, 1932) was an attorney, merchant, publisher, and author, as well as an occultist and an American pioneer of the New Thought movement. Atkinson was a prolific writer, and his many books achieved wide circulation among New Thought devotees and occult practitioners. He published under several pen names, including Magus Incognito, Theodore Sheldon, Theron Q. Dumont, Swami Panchadasi, Yogi Ramacharaka, S...
First installment of a new 2018 documentary series exposing the Federal Reserve Crime Syndicate. Originally broadcast LIVE October 7, 2014 on Truth Broadcast Network. This broadcast was CENSORED when the TRUTH TALK NEWS LIVE CHANNEL was taken down by YouTube for bogus copyright infringement allegations on MARCH 19, 2016. YouTube now won't allow me to link to my website on end screens http://www.HowardNema.com http://www.howardnema.com/2016/09/01/100-books-you-must-read-understand-the-new-world-order/ http://www.youtube.com/TruthTalkNewsChannel2 http://www.youtube.com/TruthTalkNews ADDITIONAL TRUTH TALK NEWS SITES: http://www.TruthTalkNews.blogspot.com http://truthtalknewschannel2.blogspot.com Do the research. Find your own truth. There is only one truth. Seek and you will fi...
This webinar provides an overview of the Bank Secrecy Act and Office of Foreign Asset Control regulations and outlines the pillars of a strong BSA and OFAC program. This webinar could be used to train a financial institution's management, board of directors, or staff.