Jul 19

Banks mistakenly closing accounts

Innocent customers are having their accounts closed, funds frozen and large transactions blocked as panicking banks try to crack down on crime. Regulators have become increasingly concerned that criminals are taking advantage of weaknesses in bank systems. They want banks to be more robust in monitoring transactions, large money transfers and payments to cryptocurrency sites, […]

Read article

Jul 5

Global tax agreement

Some 130 countries have agreed on a global minimum tax backed by President Joe Biden as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low rates. The agreement announced Thursday is an attempt to address challenges presented by a globalized and increasingly digital world […]

Read article