Industry, business groups push for easing of Bank Secrecy Law bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Banks and businesses have renewed calls for Congress to pass the bill amending Republic Act No. 1405 or the Secrecy of Bank Deposits for a more relaxed version of the law to allow the Bangko Sentral ng Pilipinas (BSP) to look into and investigate the bank accounts of suspicious individuals, especial
Continued Impact of COVID-19
The measures taken by the Vermont Department of Financial Regulation (the “DFR”) in 2020 in response to the COVID-19 pandemic have been extended through 2021. These include a recognition that in-person board meetings in Vermont may not be feasible until travel restrictions have been relaxed. Captives are invited to request a waiver of the physical presence requirement for their 2021 annual meetings.
2021 Captive Legislation
Despite its focus on the State’s COVID-19 response, the Vermont legislature is on track to pass its annual captive “housekeeping” bill, which was jointly proposed by the DFR and the Vermont Captive Insurance Association. The current version of the bill includes the following notable provisions:
Bremer County Courthouse news communitynewspapergroup.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from communitynewspapergroup.com Daily Mail and Mail on Sunday newspapers.