IABFM Articles

A Brief Introduction to the Principle of Tax Equity (August 2007) | Banking
by George L. Salis

Quite often we read law or tax material and we encounter the phrase “tax equity.”  As we read the complex revenue decisions and court rulings, we began to discern the ideal and definition of tax equity, and perhaps, we may even be able to penetrate its meaning to some extent.  However, what exactly is tax equity?  When one suddenly reads of this elusive concept, it almost appears as a contradiction in terms, an oxymoron.  Is it possible for taxes and/or taxation to be “equitable?” ...[ Read More ]

Sovereign risk re-defined: A new analysis of an old dilemma (August 2007) | Risk Management
by George L. Salis

The new world stage – an era of compliance “…Our world has just changed, and our economy will certainly shift with it, in just a few days, our lives too will different - quickly, let’s get to work…” ...[ Read More ]

The Wolfsberg Anti-Money Laundering Principles for Correspondent Banking (July 2007) | Banking
by The Wolfsberg Group

Correspondent Banking Client is a client of an institution that is a financial services firm that uses the institutions Correspondent Banking services accounts to clear transactions for its own client base. The term includes (but is not

limited to) Banks, Broker-Dealers, Mutual Funds, Unit Trusts, Investment Services Firms, Hedge Funds, Introducing Brokers, Money Service Businesses, Pension Funds, Credit Card Providers, Commercial Credit Companies, Household

Finance Companies, Mortgage Banks, Building Societies, and Leasing Companies.

Banking Basics in North America (July 2007) | Banking
by Banking Government Research

A bank is a business. But unlike some businesses, banks don't manufacture products or extract natural resources from the earth. Banks sell financial services such as car loans, home mortgage loans, business loans, checking accounts, credit card services, certificates of deposit, and individual retirement accounts.

Dow Jones Stock Index Hits Record High, Again 1/12/07 (June 2007) | Markets
by USINFO Staff Writer

Washington -- The Dow Jones industrial average index, a measure of 30 stocks meant to gauge the performance of the U.S. equity market, rose more than 72 points January 11 to finish the day at 12,514.98:  the highest level since its debut in 1896. ...[ Read More ]