Banking Archives |

Money Laundering

Money laundering is the process of changing large amounts of money obtained from crimes, such as drug trafficking, into origination from a legitimate source. So with that in mind traditional currency poses problems of its own for investigators. Bank notes are...

PPP Forgiveness

I am going to harp on this on final time.  PPP Forgiveness of the loan will be deemed tax-free. However, to business owners who take the loan will not be able to write off expenses that would otherwise be deductible if they use those PPP funds to cover the cost and...

Banking

Banks always had an unusual way of doing things.  Especially growth under the control of Glass-Stegall.  The Glass–Steagall Act was a 1933 law that separated investment banking from retail banking. Investment banks organized the initial sales of stocks, called...

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