dido:public:ra:xapend:m_acts_laws
Differences
This shows you the differences between two versions of the page.
| Both sides previous revision Previous revision Next revision | Previous revision | ||
|
dido:public:ra:xapend:m_acts_laws [2022/04/02 22:09] nick [non-U.S. Government Oversight Authorities] |
dido:public:ra:xapend:m_acts_laws [2022/05/11 16:01] (current) nick |
||
|---|---|---|---|
| Line 1: | Line 1: | ||
| ====== Appendix M: Financial Laws, Regulations and Authorities ===== | ====== Appendix M: Financial Laws, Regulations and Authorities ===== | ||
| + | [[dido:public:ra | Return to Reference Architecture (RA)]] or [[dido:public:ra:xapend | Return to Appendices]] | ||
| - | The following Laws and Regulation governing Privacy, Money Laudering, Terrorism and Financials apply in the U.S. and need to be part of any DIDO solution concerned with currency, money, financials, or cyrptocurrencies. Often these Laws and Regulations are considered as obsticles or barriers to innovation, but each law or regultion is developd in response to some situation that occured iin the past and to prevent a "modern" repeat of these situations, the laws and regulations should be upgraded, not ignored or overturned. | ||
| - | Some of these Laws, Regulations and Authorities have general applicability to DIDOs when the data stored within the DIDO refers to [[dido:public:ra:xapend:xapend.a_glossary:p:pii]] and therefore subject to the tenents of privacy. See [[dido:public:ra:xapend:xapend.a_glossary:r:right_to_privacy]]. | + | The following Laws and Regulation governing Privacy, Money Laundering, Terrorism and Financials apply in the U.S. and need to be part of any DIDO solution concerned with currency, money, financials, or cryptocurrencies. Often these Laws and Regulations are considered as obstacles or barriers to innovation, but each law or regulation is developed in response to some situation that occurred in the past and to prevent a "modern" repeat of these situations, the laws and regulations should be upgraded, not ignored or overturned. |
| + | |||
| + | Some of these Laws, Regulations and Authorities have general applicability to DIDOs when the data stored within the DIDO refers to [[dido:public:ra:xapend:xapend.a_glossary:p:pii]] and therefore subject to the tenets of privacy. See [[dido:public:ra:xapend:xapend.a_glossary:r:right_to_privacy]]. | ||
| Some Laws, Regulations and Authorities are relevant to DIDO when the DIDO is considered a [dido:public:ra:xapend:xapend.a_glossary:f:financial_instrument]] or a [[dido:public:ra:xapend:xapend.a_glossary:s:security_finance | Security]]. Certain [[dido:public:ra:xapend:xapend.a_glossary:c:cryptocurrency | Cryptocurrencies]] and [[dido:public:ra:xapend:xapend.a_glossary:i:ico | Initial Coin Offerings (ICOs)]] may be found to meet the definition of an "investment contract" under the [[dido:public:ra:xapend:xapend.a_glossary:h:howey_test]] which the U.S. Supreme Court ruling determined that an Investment Contract must: | Some Laws, Regulations and Authorities are relevant to DIDO when the DIDO is considered a [dido:public:ra:xapend:xapend.a_glossary:f:financial_instrument]] or a [[dido:public:ra:xapend:xapend.a_glossary:s:security_finance | Security]]. Certain [[dido:public:ra:xapend:xapend.a_glossary:c:cryptocurrency | Cryptocurrencies]] and [[dido:public:ra:xapend:xapend.a_glossary:i:ico | Initial Coin Offerings (ICOs)]] may be found to meet the definition of an "investment contract" under the [[dido:public:ra:xapend:xapend.a_glossary:h:howey_test]] which the U.S. Supreme Court ruling determined that an Investment Contract must: | ||
| Line 129: | Line 131: | ||
| |< 100% 35% ->| | |< 100% 35% ->| | ||
| ^ Authority ^ Description ^ | ^ Authority ^ Description ^ | ||
| + | ^ [[dido:public:ra:xapend:xapend.a_glossary:u:us_treasury | U.S. Treasury]] | <WRAP> | ||
| + | The **U.S. Treasury** is the government department responsible for issuing all Treasury bonds, notes, and bills.1 Among the government departments operating under the U.S. Treasury umbrella are the: | ||
| + | |||
| + | * Internal Revenue Service (IRS) | ||
| + | * U.S. Mint, the Bureau of the Fiscal Service | ||
| + | * Alcohol and Tobacco Tax and Trade Bureau | ||
| + | </WRAP> | | ||
| ^ [[dido:public:ra:xapend:xapend.a_glossary:s:sec | U.S. Securities and Exchange Commission (SEC)]] | <WRAP> | ^ [[dido:public:ra:xapend:xapend.a_glossary:s:sec | U.S. Securities and Exchange Commission (SEC)]] | <WRAP> | ||
| The SEC is the U.S. government agency in charge of the nation's [[dido:public:ra:xapend:xapend.a_glossary:s:security_finance | securities]] industry. It monitors transactions, as well as the activities of financial professionals. Its mission is to promote fairness, integrity and transparency; prevent fraud and other deceptive acts; and ensure orderly and efficient markets. | The SEC is the U.S. government agency in charge of the nation's [[dido:public:ra:xapend:xapend.a_glossary:s:security_finance | securities]] industry. It monitors transactions, as well as the activities of financial professionals. Its mission is to promote fairness, integrity and transparency; prevent fraud and other deceptive acts; and ensure orderly and efficient markets. | ||
dido/public/ra/xapend/m_acts_laws.1648951743.txt.gz · Last modified: 2022/04/02 22:09 by nick
