Blake Harris’ Post

Is my foreign trustee safe? 🤔 Well, yes! The safety of having a foreign trustee largely depends on various factors. But for the most part, foreign trustees work with wealthy individuals and have a strong incentive to maintain a positive reputation and adhere to legal and ethical standards. 🌎 #assetprotection #foreigntrustee #wealthtips #assetprotectionattorney #assets #assetfinance #digitalasset #offshorebanking #domesticbanks #usbanks #cookislands #cookislandstrust #offshoretrust #assetprotectiontrust

An internal report from #Canada’s #financialcrimes watchdog found that most #banking and #realestate companies it audited last year are not following the country’s anti-#moneylaundering laws, sparking calls for greater oversight and higher fines. Interviewed on #GlobalNews by Anne Gaviola, with a mention of our MQUP book with Dr Jamie Ferrill Dirty Money: Financial Crime in Canada https://lnkd.in/g23WDKs2 #FINTRAC #financialintelligence #financialcrime

Weaponised banking, or 'de-banking', is a growing concern. Our banking system is integral to our way of life, so banks freezing services based on clients' political views is deeply unsettling—just ask the Canadian trucker protesters or Nigel Farage about their experiences. We support private businesses' freedom to choose, even if they go woke and risk going broke. However, we adamantly oppose financial reprisals against individuals based on their political beliefs. Freedom of speech and freedom of belief are fundamental tenets of our society, and we must uphold them at all costs—even when confronted with opinions we disagree with. #ESGBacklash #WeaponisedBanking #DeBanking #SocialCredit

Last month, federal banking agencies proposed new rules to update their anti-money laundering and countering the financing of terrorism programs for their respective depository institutions. The revisions are meant to align with FinCEN’s proposed rule published in July. Find a summary of the changes here: https://bit.ly/47siDnB Juan Azel | Carl Fornaris | Cari Stinebower | Richard Weber | Dainia Jabaji | Monica Lopez-Rodriguez | #WinstonTransactions #FinCEN #AML 

Money laundering scandals have deep-rooted consequences, with impacts extending to bank failures and shocking nations. The aftermath is significant, eroding trust in the integrity of the financial system. Ultimately, society bears the burden, with taxpayers often covering the costs of failing banks and customers facing restricted credit access. Banks, acting as custodians of the financial system, are in a continuous battle against money laundering and terrorist financing. However, national anti-money laundering efforts primarily focus on local risks, leading to slow advancements. Regulatory bodies are crucial in this fight, yet insufficient resource allocation and conflicting strategies impede effective global collaboration. #Banking #Finance #MoneyLaundering #Integrity #Trust #FinancialSystem

Is it legal for a US citizen to open a Swiss Bank account? #lawsuits #assetprotection #assetprotectionattorney #assets #assetfinance #digitalasset #offshorebanking #domesticbanks #usbanks #cookislands #cookislandstrust #offshoretrust #assetprotectiontrust #swissbanks #swissbanking

On the other side of #credit there is #debt. #Banks do lending and hedging even via #NBFIs. Non-bank financial intermediaries, held assets worth €42.9tn against €38tn held by banks. #Maltaway partners #independent #International advisory

Will #Vermont be the next state to protect #Cash? State Senator #AndrewPerchlik has introduced #Legislation to prohibit sellers from refusing to #AcceptCash. #cashlegislation #protectcash #paymentchoice #cashpayments #atm #atmusage #atmdeployers #financialinstitution #bank #creditunion #atmindustry #atmnation

Will #Vermont be the next state to protect #Cash? State Senator #AndrewPerchlik has introduced #Legislation to prohibit sellers from refusing to #AcceptCash. #cashlegislation #protectcash #paymentchoice #cashpayments #atm #atmusage #atmdeployers #financialinstitution #bank #creditunion #atmindustry #atmnation

The US Department of the Treasury recently proposed new regulations that would extend Anti-Money Laundering and Combating the Financing of Terrorism laws to investment advisers. Giancarlo Salvo, Louis-Philippe Otis and Maximilian Wixler explore the nature of these proposed regulations, the expectations for foreign advisers and the likelihood of similar regulations being adopted in Canada. Read more: #FinCEN #Finance #FinancialServices #Securities