If you are a cryptocurrency investor, you can forget about enjoying your summer vacation, thanks to the US Internal Revenue Service.By the end of August, you could be one of the 10,000 investors to have received a letter from the US tax agency that you owe taxes on your cryptocurrency investments. You will need to spend all your spare time finding all your transaction data, calling your … [Read More...]
Featured Posts
State Street’s US$88M Fine Highlights Deceptive “Pass-Along” Custody Fees
How can a global custodian bank convince clients for almost two decades that a twenty-five cent cost to transmit a message through the SWIFT network transmission is really worth a $5 "pass-along" fee?Easily, when fund managers aren't paying attention and … [Read More]
IHS Markit: Taking the Distress Out of Distressed Loan Settlement
T+66. That's on average how long it takes to settle a trade in a distressed loan. Now technology and data giant IHS Markit is hoping to reduce the timeframe by leveraging its existing platform for par loans.The settlement cycle for distressed loans is even … [Read More]
Free Webinar: Six Practices to the Best Cyber Defense From Hackers and Regulators
Is your IT team overwhelmed keeping your network/cloud safe from sophisticated hackers? Are your C-suite executives struggling to keep regulators and customers satisfied all confidential data and assets are properly protected?Tony Pietrocola, … [Read More]
IRS: Get Your Data Right on FATCA and QI Certifications (Or Else)
The US Internal Revenue Service is turning tax operations and compliance departments into data and paperwork geeks when it comes to meeting their requirements for FATCA and QI.Did your tax operations department withhold the correct amount of tax for the … [Read More]
Cryptoasset Valuation: Fair Value or Fair Game?
Fair value-- the term used by accountants to refer to the correct valuation of assets for financial reporting purposes -- should'nt be taken at face value by fund managers or investors when comes to cryptoassets.Anyone who comes to the table unprepared for … [Read More]