Compliance is a big ugly problem and it’s getting worse and nobody has nailed it yet. That should have entrepreneurs salivating. Investors say, “show me compliance deals”. Bankers say, “show me a solution”. Startup founders say, “we must spend our precious cash on lawyers and regulatory experts”. Nobody loves compliance. Everybody hates compliance. So it’s […]
Post Tagged with: "FATCA"
There used to be a joke at Wegelin – the oldest banking establishment in Switzerland – that the only two ways of leaving the bank as a relationship manager was retirement or death. I’m afraid taxes got them first! The closure of Wegelin is a significant event in the ongoingRead More