Discover how cross-currency swaps let parties exchange interest payments and principal in different currencies, mitigating ...

Forbes contributors publish independent expert analyses and insights. Steve Weisman writes about white-collar crime. The Department of the Treasury’s Financial Crimes Enforcement Network recently ...

Illegal foreign exchange transactions, including the unlawful outflow of foreign currency and failure to repatriate foreign ...

A six-week pilot project to evaluate whether central bank digital currencies (CBDC) would be useful for foreign exchange transfers successfully had 20 different commercial banks conduct over 160 ...

A, who sold U.S.-based real estate, failed to repatriate the proceeds and instead deposited them in a local bank’s fixed-term account, leading to detection by financial authorities. Under current law, ...

Understanding multi-currency accounting, exchange-rate control, and global reporting for smoother cross-border operations. Multi-currency support helps businesses manage global transactions by ...

Lloyds Banking Group has completed three live tokenised deposit transactions through tokenisation initiative Project Agorá.

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Discover how value dates impact banking and trading transactions, determining when funds are available or when trades settle, ...

Are there special hedging provisions for section 988 transactions? Yes. In addition to the business hedging rules I address in our earlier Q&A with Andie series,[1] a special hedging provision is ...