article thumbnail

Remembering 9/11 – A Pivotal Day for BSA/AML Professionals

Abrigo

September 11, 2001 will stay with Americans forever. T he events that unfolded in that bright blue sky on September 11, 2001 will stay with Americans forever. BSA was intended to detect illicit activity through cash and monetary instruments to catch tax evaders using secret foreign bank accounts. Never Forget.

Training 195
article thumbnail

Ex-Vatican Bank President, Lawyer Charged With Embezzlement

PYMNTS

According to the AP, the Institute for Religious Works reported that Caloia and Luizzo were charged with embezzlement and self-laundering between 2001 and 2008. Their trial is slated to begin on March 15, reported the news service, noting that a third suspect passed away while being investigated.

Taxes 101
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Decline in Personal Savings

TrustBank

The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. By the 1990’s, improvements in technology and further changes to securities regulations made it easier for corporate customers to access financial markets directly.

US 52
article thumbnail

Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

The dot-com bubble recession began in March 2001 and lasted only 8 months. percent of all jobs in 2001 to 11.3 By comparison, non-high-tech industries lost 689,000 jobs between 2001 and 2002 but recovered the lost jobs by 2004. And quite frankly, I did not know there were so many tranches to mortgage-backed securities.

FDIC 78
article thumbnail

How long does it take to get a tax refund

Current

You've filed your tax paperwork, and then the question begins swirling in your mind. How long does it take to get a tax refund? There is a time lapse between your tax refund being processed and you actually receiving that money. Sign up to get your tax refund up to five days faster. When Can I Expect to Get My Tax Refund?

Taxes 90
article thumbnail

The Election That Misplaced Small Businesses

PYMNTS

This week opened with Hector Barreto — the current Chair of the Latino Coalition and a former SBA Administrator from 2001-2008 – wondering what on Earth had happened to the economic message during this particular election season. 2) Can taxes be made comprehensible? Can someone please make capital available?

Taxes 50
article thumbnail

Consumer Lending: Should Banks Do It?

Jeff For Banks

Ever since we formed our company in 2001, this has been the case. Which we already do via buying mortgage back securities and using loan brokers in metro areas. Real estate secured. pre-tax profit as a percent of the portfolio. And it wasn’t an anomaly. Sure, home equity lines of credit made 0.71% for the fourth quarter.

Lending 60