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IACC maria

International Anti-Corruption Conference, Panama-City, Day 2

03 December 2016

by Brendan Sinnott and Evert-Jan Lammers

Among the interesting events was a discussion on Overcoming the Shadow Economy, mostly dealing with offshore tax havens. On the speakers, Nick Shaxson, is the author of a book on Tax Havens, called “Treasure Islands”, which quantifies the sums squirreled away in these islands, many of them in the Caribbean. Bodies, such as the OECD, have issued detailed reports on this topic and the Panama Papers news has added fuel to the fire of indignation over this practice. A recent resolution of the G20 called for a public register of Beneficial Owners in each of these havens. The sums are impressive – some $3 trillion according to some projections. A political solution would be the most efficient. Continue reading…

IACC opening session

The annual IACC has kicked-off

02 December 2016

by Brendan Sinnott and Evert-Jan Lammers

The annual IACC has kicked-off. On the opening panel, the President of Panama addressed the 1,000+ people audience. The speaker from the World Bank replied “Mr. President, I respect you” but then shook the President’s hand last. It set the tone. All presentations were a cry for equality and justice. Continue reading…

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Tony de Bree
Tony de Bree

FinTech: How To Make Money In RegTech ?

21 October 2016

Since Deloitte published the report on RegTech is the New FinTech, a lot of people have discovered the fact that large Banks and other Financial Institutions are spending a HUGE amount of money on Compliance and not to forget fines for not being compliant. Although it is true that there is a lot of new regulation coming towards the Financial Services Industry, that is not the reason why they spend so much money on Compliance.

Why do large banks spend so much money on Compliance and KYC ? The main reasons why large Financial Institutions are paying so much money on Compliance have nothing to do with the Regulators. Why ? Continue reading…

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New regulatory framework for the coming years

02 December 2016

Banking supervisors and central bankers from around the world attended the 19th International Conference of Banking Supervisors (ICBS) this week in Santiago, Chile to discuss the new regulatory framework for the coming years and the importance of sustainable prudential banking for financial stability. The ICBS was hosted by the Chilean Superintendency of Banks and Financial Institutions. Participants were also honoured to be joined by the President of the Republic of Chile. President Michelle Bachelet emphasised the importance of a robust banking system for meeting the needs of the broader community. Continue reading…

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Tony de Bree
Tony de Bree

Seven ways to reduce your financing needs as a start-up

13 August 2016

Recently  I was coaching and judging a number of local startups in my hometown, The Hague, in The Netherlands. The interesting fact is that many of those different entrepreneurs have a number of things in common and one of them is that they focus way too much on financing their company, their working capital and their investments and not enough on their customers and how to differentiate themselves from others. And the other thing that many of them have in common, large or small, is that they are asking for way too much money! Their financing needs are way to high. And that is a pity. So here are seven ways to reduce your financing needs as a start-up, inside or outside Fintech. 

Continue reading…