Grandfather and Layering: Difference between pages

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imported>Doug Williamson
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To exempt pre-existing arrangements from subsequent more restrictive laws or regulation.
1.


Grandfathering may be applied for the full natural life of pre-existing arrangements, or for a more limited period which is considered long enough to allow new and compliant arrangements to be put in place.
''Money laundering.''


The undertaking of a series of financial transactions with the intention of disguising the true source of laundered money.


'''Example'''
This is often the second stage of money laundering.


''The Internal Revenue Service is extending the grandfathering protection for non-US arrangements caught under the Foreign Account Tax Compliance Act (FATCA). The protection is extended from 1 January 2013
It would follow initial 'placement' of the illegally obtained money into the legitimate financial system.
''to six months after the regulations are finalised, estimated to be July 2013 at the earliest. FATCA imposes US withholding taxes and significant compliance obligations on financial institutions such as banks and insurance companies.''




The Treasurer, December 2012/January 2013, page 11.
2.


[[Category:Regulation_and_Law]]
''Market manipulation.''
[[Category:Taxation]]
 
The (illegal) practice of simultaneously entering a large number of orders intended to be cancelled - for example to buy - together with a smaller number of orders intended to be executed - for example to sell.
 
The intention is to artificially influence the market price with the subsequently cancelled orders, and to take advantage of that artificial market price with the executed orders.
 
 
== See also ==
* [[Integration]]
* [[Layered hedging]]
* [[Market abuse]]
* [[Market manipulation]]
* [[Placement]]
* [[Spoofing]]
 
[[Category:Compliance_and_audit]]
[[Category:The_business_context]]

Latest revision as of 00:17, 28 February 2024

1.

Money laundering.

The undertaking of a series of financial transactions with the intention of disguising the true source of laundered money.

This is often the second stage of money laundering.

It would follow initial 'placement' of the illegally obtained money into the legitimate financial system.


2.

Market manipulation.

The (illegal) practice of simultaneously entering a large number of orders intended to be cancelled - for example to buy - together with a smaller number of orders intended to be executed - for example to sell.

The intention is to artificially influence the market price with the subsequently cancelled orders, and to take advantage of that artificial market price with the executed orders.


See also

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