Understanding Money Laundering

By Stanley Epstein, Eureka Financial Defining Money Laundering Money laundering is a subject that often is misunderstood by the general public. The goal of many criminal acts is to generate a profit for the individual or a group that carries out the crime. Money laundering is the processing of these criminal proceeds to disguise their […]

FATCA – 6 basic concepts you need to know

By Stanley Epstein, Eureka Financial The United Sates’ Foreign Account Tax Compliance Act (FATCA) was written into law in March 2010 and became operative on 1 July 2014. The objective of the legislation was to ensure that United States taxpayers with foreign bank accounts and certain types of offshore (that is non-US) assets complied with […]

Here comes the MiFID II

By Stanley Epstein, Eureka Financial The original Markets in Financial Instruments Directive (MiFID) came into force in November 2007. MiFID brought competition to the trading procedures in the European Union. Under MiFID investment firms could operate throughout the EU on the basis of the ‘authority’ of their home EU Member State. MiFID also introduces a […]

The Role and Duties of the Board of Directors

By Stanley Epstein, Eureka Financial Defining the role and duties of the Board of Directors When we look at corporate governance we notice immediately that the focal point to which everything flows and from which everything emanates is the board of directors. The board of directors (which I will simply refer to as the ‘board’) […]

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