New Zealand’s central bank is well advanced in its first major investigations into anti-money laundering and counter financing of terrorism (AML/CFT) compliance failures, as it ramps up its financial crime compliance enforcement presence.
Read more
FinCEN leaks highlight need for “radical” approach to tackling financial crime
Governments need to consider taking more “radical” measures to tackle financial crime threats in the wake of the FinCEN Files, even if there is a risk of “intelligence leakage”, an industry poll has found.
Read more
Tranche too hard: Australia edges forward with glacial AML/CTF law reform agenda
Australia has revived its sclerotic anti-money laundering (AML) law reform program with the long-awaited “Phase 1.5” legislation moving through the federal Lower House.
Read more
Corporate tax compliance expectations post-COVID: ATO speech
The ATO has reminded company executives to consider the potential reputational impact from their tax decisions in a post-COVID world.
Read more
Australia’s AML law reforms have been “mogged” in political reshuffle
Australia’s long-awaited Tranche 2 anti-money laundering (AML) laws have become the victim of a departmental reshuffle, a process known in political circles as being “mogged”, according to a senior bureaucrat.
Read more
Cost of Compliance Report 2020: COVID-19 Update
Thomson Reuters has released its Cost of Compliance 2020: COVID-19 Update, in addition to its unparalleled 11th Regulatory Intelligence Cost of Compliance Report.
Read more
EU mandatory disclosure rules for transactions with certain tax consequences
In the European Union (EU), mandatory disclosure requirements (the DAC6 rules) now apply to certain types of cross-border transaction that have taxation consequences.
Read more
WEBINAR: Beyond the FinCEN files: Building a better framework for financial intelligence
Beyond the FinCEN files: Building a better framework for financial intelligence. Hear from global experts on the future agenda for AML/CTF compliance.
Read more
Crown Resorts in AML crosshairs as AUSTRAC’s enforcement team eyes next target
Australia’s largest casino operator is facing enforcement action from the Australian Transaction Reports and Analysis Centre (AUSTRAC) following a 12-month review of its compliance controls that began in September 2019.
Read more
Automating Tax Provision: the power of technology
Let’s start with this question: “How much do we
owe?”. It may be a simple question, but the answer
is not. For corporate tax professionals, an extensive
amount of work is devoted to that one figure.