In the UK, the statutory minimum of £50,000 for the share capital of a public company. There is no minimum share capital for private companies.
Blocked funds are finances that cannot be transferred out of a country due to exchange controls or similar restrictions, often imposed by governments to manage the flow of currencies.
The concept of a borrowed reserve involves funds that member banks borrow from a Federal Reserve Bank to maintain their required reserve ratios, ensuring they meet regulatory requirements while managing liquidity needs.
Corporation Tax (CT) is a tax imposed on the profits of corporations or businesses. This tax is calculated and administered by national governments and varies widely between countries.
The Financial Action Task Force (FATF) is an intergovernmental organization established to develop policies to combat money laundering and terrorist financing.
Market abuse encompasses various illicit activities such as insider trading, unlawful disclosures of insider information, and market manipulation. These practices are addressed under the EU's Market Abuse Directive of 2012.
Money laundering is the illicit process of disguising the profits of criminal activities as legitimate income. Involving multiple stages, including placement, layering, and integration, it aims to hide the origin, existence, or use of illicitly gained funds.
Centres that provide advantageous deposit and lending rates to non-residents due to low taxation, liberal exchange controls, and low reserve requirements for banks. These centres often serve as tax havens, offering economic appeal while reducing customers' tax liabilities legally.
A Public Interest Entity (PIE) is an organization that operates under the scrutiny of the public eye due to its size, importance, or influence in the marketplace. These entities often include publicly traded companies, banks, insurance companies, and other financially significant institutions.
Commodities under the jurisdiction of the Commodity Futures Trading Commission (CFTC), which include all commodities traded in organized contract markets.
