The Federal government has introduced a new Financial Consumer Protection Framework under the Bank Act to further protect customers of banking services. RBC is enhancing several processes and policies to benefit our clients.
FATCA is part of the U.S. HIRE Act, signed into law on March 18th, 2010 by President Obama. Virtually every financial institution in the world is affected by FATCA requirements.
This page is intended for Financial Institutions and other parties requiring information regarding RBCâs Financial Crimes program and practices, including the Wolfsberg Correspondent Banking Due Diligence Questionnaire (CBDDQ) and USA PATRIOT Act Certification.
Basel II is an international accord on capital requirements that applies to banking institutions in various countries including Canada, United States of America and the United Kingdom (UK).
Basel III is a global regulatory standard on bank capital adequacy, stress testing and market liquidity risk.
CRS was developed by the Organization for Economic Co-Operation and Development (OECD) and endorsed by the G20 Finance Ministers as the new global standard for the automatic exchange of financial account information to better fight tax evasion and improve tax compliance.
The U.S. Departments of Health and Human Services, Labor, and the Treasury has finalized the Transparency in Coverage Rule. These files include in-network negotiated payment rates and historical out-of-network charges for covered items and services.
Various government statutes and court rules have been enacted to assist members of the public and government agencies in collecting money and obtaining information that may be owed by certain parties. View the list of offices designated by Royal Bank of Canada for the service of enforcement notices in respect of family maintenance support orders or support provisions for each province.
For Financial highlights, annual reports, quarterly information and other financial results, see our Investor Relations site.
Weâre helping to turn ideas into action by leveraging our business, operations, employees, community investment partners as well as our research and insights, to support the transition to a net-zero economy, equip people with the skills for a thriving future, and drive more inclusive opportunities for prosperity.