Thomson Reuters has released its Cost of Compliance 2020: COVID-19 Update, in addition to its unparalleled 11th Regulatory Intelligence Cost of Compliance Report.
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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.
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IMPACT ANALYSIS: Final stage of roadmap for enhancing cross-border payments, challenges addressed
The Financial Stability Board (FSB) has published the third and final stage of the roadmap designed to enhance cross-border payments and reverse the decline in correspondent banking.
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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.
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ASIC Chair stands aside pending review into relocation expenses
ASIC Chair, James Shipton, has stood aside pending a review into relocation expenses, including for income tax advice paid for by ASIC.
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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.
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Afterpay escapes enforcement action over millions of ‘technical’ AML breaches
Australian fintech giant Afterpay has escaped formal enforcement action over millions of “technical” breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.
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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.
Budget: Super trustees – new best “financial” interests duty
The Government has announced that it will legislate to compel trustees of APRA-regulated superannuation funds to act in the best “financial” interests of their members.
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2020-21 Federal Budget: “all about jobs” plus record deficit, big spending, backdated tax cuts and more
On Tuesday, 6 October 2020, Treasurer Josh Frydenberg handed down the 2020-21 Federal Budget, his second Budget.
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