Topic: United States

5 years ago

Regional Merchants Face New US Withholding Tax


Under new rules added to the US Tax Code in January 2012, credit card processing companies must now collect and verify the tax identification number (TIN) and legal name associated with that number for each merchant customer.

6 years ago

Multi-Million Scheme ‘Built Upon’ RBC Bahamas Strategy


Royal Bank of Canada (RBC) has described as irrelevant claims by US regulators that it “falsely represented” that its Bahamian branch was responsible for devising a multi-million dollar ‘wash trading’ scheme, saying that this was “built upon” a strategy previously devised in this nation.

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