Transcribed from: https://youtu.be/P8BYEKoMC4w For the longest time, there was this perception that Swiss banking and everything Swiss was the way to go when it came to offshore. And there was some misconception about that in the sense that everybody tended to think that there was an advantage to the banking, which there was to some […]
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Transcribed from: https://youtu.be/pDyjYkHB44o Economic substance rules have made the offshore landscape a bit more costly and a bit more complicated. And what does that entail? Economic substance is broken down into two points: relevant entities and relevant activities. Relevant entities are basically any non-local offshore entity. And for purposes of this discussion, we’re really focusing […]
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Transcribed from: https://youtu.be/ojua4OWJpyM Bitcoin ATM regulation is constantly in flux, and I haven’t talked about it in a while, so I wanted to revisit the subject. So, with regards to any Bitcoin or cryptocurrency ATM, it always starts with federal registration as a money service business, right? So going through FinCEN, getting an MSB registration, […]
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Transcribed from: https://youtu.be/u12mgqB7hkU The Foreign Account Tax Compliance Act or FATCA is big business in the accounting world, in the tax world because compliance can be expensive. And what the main tenant of FATCA is form 8938. And that requires the disclosure of certain accounts and financial assets held in foreign accounts. And so the […]
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