Category: Requirements
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A guide to checking account minimum balance requirements by bank
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Minimum balance requirements can be a major barrier for people who need bank accounts. In fact, among the “unbanked” (those who don’t have a traditional bank account), the main reason they give for not having one is that the minimum balance requirements are too high. Minimum balance requirements vary by…
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UK Sponsor Licence Requirements and Process
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The UK Government has established requirements for UK employers and businesses to obtain a sponsorship license if they intend to employ a foreign worker from outside or within the UK. There is no need for a company to be in operation for a certain period of time to apply for…
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UBS chair warns against big increase in capital requirements, newspaper reports By Reuters
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ZURICH (Reuters) – UBS President Colm Kelleher warned on Sunday that Swiss government plans to boost capital requirements for major banks could harm the country’s position as a financial centre. The government earlier this year laid out plans to tighten capital requirements on UBS and the other three big banks…
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Australian regulator hikes ANZ’s capital requirements after bond trading misconduct By Reuters
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Australia’s prudential regulator said on Friday it had increased ANZ Group’s additional capital requirement to A$750 million ($502.73 million), stepping up its regulatory oversight after the bank recently admitted to providing incorrect bond trading data. The move by the Australian Prudential Regulation Authority (APRA), which represents an A$250 million increase…
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IRS lightens crypto reporting requirements for tax filings
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The Internal Revenue Service has simplified reporting requirements in the latest version of Form 1099-DA, which cryptocurrency brokers and taxpayers will use to report digital asset transactions. According to August 9 to updateThe new draft removes many requirements that were part of the April version when the IRS first introduced…
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Russia eases forex sales requirements for contracts in roubles By Reuters
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MOSCOW (Reuters) – The Russian government has eased requirements for mandatory foreign currency sales for exporters if more than half the value of their contracts is paid in rubles, according to changes to a government decree. President Vladimir Putin signed a decree in October reimposing capital controls, affecting dozens of…
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Russia eases forex sales requirements for contracts in roubles By Reuters
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MOSCOW (Reuters) – The Russian government has eased requirements for mandatory foreign currency sales for exporters if more than half the value of their contracts is paid in rubles, according to changes to a government decree. President Vladimir Putin signed a decree in October reimposing capital controls, affecting dozens of…