Blake Harris’ Post

The Cook Islands and Nevis are both popular jurisdictions for establishing offshore trusts due to their asset protection laws. 🏝️ Here are some key differences between the two. #assetprotection #nevisllc #nevis #nevistrust #uscourts #assetprotectionattorney #assets #assetfinance #digitalasset #offshorebanking #domesticbanks #usbanks #cookislands #cookislandstrust #offshoretrust #assetprotectiontrust #swissbanks

So yes, courts are still going after trusts. That's exactly why you need offshore asset protection. #assetprotection #trustfund #trustfundbaby #assetprotectionattorney #assets #assetfinance #digitalasset #offshorebanking #domesticbanks #usbanks #cookislands #cookislandstrust #offshoretrust #assetprotectiontrust #swissbanks

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

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Securities and Exchange Commission (SEC) jointly proposed a new rule that would require SEC-registered investment advisers and exempt reporting advisers to establish, document, and maintain written customer identification programs. The proposal is designed to prevent illicit finance activity involving the customers of investment advisers by strengthening the anti-money laundering and countering the financing of terrorism framework for the investment adviser sector. https://lnkd.in/gEur4dch

❗ 𝐔.𝐒 𝐓𝐚𝐱𝐚𝐭𝐢𝐨𝐧 𝐔𝐩𝐝𝐚𝐭𝐞 2024 ❗ 𝐓𝐡𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐂𝐫𝐢𝐦𝐞𝐬 𝐄𝐧𝐟𝐨𝐫𝐜𝐞𝐦𝐞𝐧𝐭 𝐍𝐞𝐭𝐰𝐨𝐫𝐤 (𝐅𝐢𝐧𝐂𝐄𝐍) is a bureau of 𝐔.𝐒. 𝐃𝐞𝐩𝐚𝐫𝐭𝐦𝐞𝐧𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐓𝐫𝐞𝐚𝐬𝐮𝐫𝐲. It was founded in 1990 to fight against financial crimes such as the financing of terrorism, money laundering, and other illegal financial operations. FinCEN plays a crucial role in maintaining integrity of the financial system and protecting it from malpractices. BIOR: Reporting requirement as a part of the U.S. government's efforts to make it harder for malpractice or benefits for their illicit gain through shell companies or other hazy economic ownership structures. #IRS #EA #Social #Network #FinCEN #BIOR #USTaxation #UStaxawareness

💼 Fees for setting up an asset protection trust. #lawsuits #legalfees #assetprotection #assetprotectionattorney #assets #assetfinance #digitalasset #offshorebanking #domesticbanks #usbanks #cookislands #cookislandstrust #offshoretrust #assetprotectiontrust #swissbanks

Financial Recovery Technologies' Michael Lange provides three key takeaways from the recent decision in the class action against the Commonwealth Bank. It makes for sobering reading for investors. Takeaway #1: ESG investors should view this decision as antithetical to their goals. Takeaway #2: This decision may embolden Australian defendants to fight securities class actions harder and longer, and to take more to trial. This could potentially result in higher prosecution costs and fewer cases filed in the future. Takeaway #3: Companies have more incentive to avoid or delay the disclosure of known problems given the increased likelihood of evading liability. To read Mike's article in full, click on the link. #securitieslitigation #classactions #ESG #ESGinvesting

#newsalert MUTUAL BANKS: CORPORATION FOR DEPOSIT INSURANCE CONTRIBUTIONS Input is sought on a draft directive prescribing the fund liquidity contribution of a mutual bank to the Corporation for Deposit Insurance, which was established to give bank-in-resolution clients reasonable access to their covered deposits. Subscribe to our newsletter on the latest developments in national government and parliament 👉 https://lnkd.in/eis2a-RX Published by SA Legal Academy Policy Watch #salegalacademy #banks #southafrica #liquidity #risk #deposit #insurance #comments

🇨🇭 Switzerland is the world’s primary hub for offshore accounts because of its extensive history of neutrality, economic stability, and banking privacy. If you decide to open a Swiss bank account to shelter your assets from economic instability, lawsuits, and currency devaluation, our asset protection team at Blake Harris Law can assist you with the process to make it as easy as possible to safeguard your wealth@ 💰🔒 #trust #trustcompany #switzerland #swissbanking #swissbanks #moneymanagement #assetmanagement #assetprotection #assetprotectionplan #cookislands #cookislandstrust #offshoretrust #assetprotectiontrust #lawyerlife

ALCO Members will receive a link via email to the new video on: "Digital Operational Resilience Act (DORA)" Best regards, The ALCO Team #ALCO #luxembourg #members #compliance #financialsector #insurancesector #law #regulation #statutory #ethical #itsecurity #banks #insurance #investment #ict #workingsmarter