financial transactions Archives - The Industry Spread

International Tax Evasion: CRA Conducts 15 Searches in Ontario and Quebec

The Canada Revenue Agency , CRA announced that it executed 15 simultaneous search warrants on June 12, 2019, in Ottawa, the Greater Toronto Area, London, and Windsor, Ontario, and in Gatineau, Laval, and Montréal, Quebec. These searches were conducted in order to collect more information in connection to an investigation, representing approximately $8.3 million in tax evaded.

DTCC to Expand Sponsored Service to Bring Greater Capacity to the Treasury Market

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced its proposal to expand the Sponsored Service of its subsidiary Fixed Income Clearing Corporation (FICC) has been approved by the Securities and Exchange Commission (SEC). DTCC views this as the latest milestone in the transformation of the Treasury market.

SEB Selects DTCC’s Global Trade Repository in Support of Its SFTR Obligations

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that Skandinaviska Enskilda Banken AB (SEB) has selected its multi-award winning Global Trade Repository (GTR) service in order to meet their regulatory obligations under the Securities Financing Transactions Regulation (SFTR), which is expected to apply from April 2020.

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