Month: June 2015

Ever heard of FATCA?

FATCA

FATCA

In 2010, the “Foreign Account Tax Compliance Act” regulation was adopted by American representatives. It consists on fighting the tax evasion by identifying American taxpayers in foreign financial institutions. With this text, the United States seek to optimize the collection of taxes owed by American citizens and residents investing abroad and not declaring their generated incomes.

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The new banking law in Morocco: an opening rich in opportunities for banks and new financial intermediaries

Bank Al-Maghrib

Law n° 103.12 on credit establishments and assimilated bodies that was first passed in November 2014 and called “Banking law” was published in the Official bulletin N° 6328 (Arab Version) and N° 6340 (French Version) on March 5th, 2015.

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