The multibillion dollar losses suffered by Credit Suisse following the collapse of Greensill Capital and Archegos Capital may well rank among the most significant risk and compliance failures of the past decade.
Read moreMoving away from spreadsheets: 3 ways to automate your tax process
Keep using spreadsheets? Sure, they have their place, but it’s more for certain types of tasks, not necessarily for everything that you’re trying to do.
Read moreATO using its access powers to assist with challenging legal professional privilege
CUB Australia Holding Pty Ltd v FCT [2021] FCA 43 marks the first addition to the body of case law regarding legal professional privilege (LPP) for 2021
Read moreUnderstanding OECD’s guidance on transfer pricing implications of COVID-19 pandemic
The new OECD guidance will be important to businesses that are examining how best to address the impact of the pandemic on their transfer pricing arrangements.
Read moreA ‘different’ year. Your 2021 FBT return
With so much change occurring during the 12 months to 31 March 2021, FBT practitioners can expect their returns to look a little different this year. The KPMG Employment Tax team are here to provide your executive summary of key FBT developments in the last 12 months.
Read morePublic-private sectors must work together to restore trust, manage risks post-COVID
The public and private sectors must work together more closely to restore trust and stability across international institutions and to enable them to respond more quickly to major risk events, a leading compliance expert has said.
Read moreCash Converters in AUSTRAC’s gunsights, as regulator sizes up next enforcement targets
Pawnbrokers, payday lenders and other non-bank reporting entities have been urged to review their financial crime controls, as the Australian Transaction Reports and Analysis Centre (AUSTRAC) broadens its supervision and enforcement crackdown.
Read moreDirty money’s dirty secret: We’ve all been deceived – there is no ‘war on drugs’
In this article former U.S. undercover agent, Robert Mazur confesses that he, his fellow law enforcement agents on the front lines, the U.S. public and the world’s communities have been deceived. A small band of the politically powerful have, time and time again, undermined the integrity of “the war on drugs”. It’s not a war; it’s a lie, he writes.
Read moreNew Zealand’s central bank takes on first major money laundering investigations
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 moreWHITEPAPER: Starting a CAR: Preparing for the ATO’s multi-pronged assurance reviews
When the ATO’s Top 1,000 Tax Performance Program (under which Streamlined Assurance Reviews (SARs) are conducted) comes to an end in December, the Top 1,000 Combined Assurance Review (CAR program) will begin – combining both income tax and GST reviews for the Top 1,000 taxpayers.
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