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Oct 18, 2018

Establishing Bank or Financial Accounts in the US – Consider the Impact of New FinCEN Rules on Beneficiaries

The Customer Due Diligence (“CDD”) regulations issued by the Financial Crimes Enforcement Network (FinCEN) became effective on May 11, 2018.  The regulations enacted under the Bank Secrecy Act clarify customer due diligence requirements for banks and other financial institutions.  These rules are part of an international effort to combat the use of legal entities such as corporations, limited liability companies, and partnerships from financers of terrorism, money launderers, tax evaders, and other financial criminals.» Read More

Mar 15, 2017

Janet Yellen And The Fed Make It Happen – Interest Rate Hike – US Stock Markets Like It

As expected and reported on the blog last week, Fed Chair Janet Yellen and her team raised the Fed’s key interest rate by 0.25 percentage point today. While it’s the third time that the Fed has increased rates since the financial crisis, the US economy is on the move, and now, so are interest rates.» Read More

Dec 14, 2016

We’re Entering TrumpWorld – The Fed to Raise Rates Today

As the Fed wraps up their last of its eight 2-day meetings this year it’s likely to raise its key short-term interest rate by 0.25% or 25 basis points.  So, what’s motivating the Fed to raise the rate?  A number of factors are in the mix: (i) the base unemployment rate (the Department of Labor “U3 Rate”) is at its lowest since 2007, and we all remember the tail end of that boom; (ii) this year alone, the US has added approximately 2,000,000 jobs to date; (iii) with the U3 Rate at 4.6%» Read More

Sep 02, 2016

Fed Likely To Hold Steady on Interest Rates as New Jobs Fall Short of Expectations

The US Bureau of Labor Statistics released its August employment statistics this morning. The numbers fell short of the 165,000 – 185,000 total non-farm job increases expected by markets. The BLS Release at 8:30 AM DST reported that “Total nonfarm payroll employment increased by 151,000 in August, and the unemployment rate remained at 4.9» Read More