Enforcement Actions are taken against financial institutions by state and/or federal regulators. They are taken against an institution for a violation of laws, rules, regulations, unsafe and unsound practices, breaches of fiduciary duty, and violations of final orders. There are two different types of enforcement actions: informal actions and formal actions. These actions arise from […]
A Cryptocurrency is a digital or virtual currency that uses cryptography for security, which makes it difficult to counterfeit because of this security feature. Many cryptocurrencies are decentralized systems based on blockchain technology; a distributed ledger enforced by a disparate network of computers. The first blockchain-based cryptocurrency was Bitcoin—which still remains the most popular and […]
An Offshore Financial Centre is a jurisdiction that permits the creation and operation of a financial institution which may not deal in the host country currency or transaction with the citizens of the host country. That is often referred to as a “Class B License.” Such jurisdictions also permit the creation and operation of Shell […]
