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.
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WHITEPAPER: 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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WEBINAR: CAR/SAR Assurance Reviews Webinar: Live Q&A! How will you prepare for an ATO review?
How will you prepare for an ATO CAR/SAR review? Let the ATO’s leading specialists answer your pressing questions!
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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.
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Payment times reporting regime now law: Immediate actions to consider
Australia now has a new payment times reporting (PTR) regime, beginning 1 January 2021.
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Regulation of Auditing: Senate Committee report tabled
The Parliamentary Joint Committee on Corporations and Financial Services has tabled its final report into the Regulation of Auditing in Australia.
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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.
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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.
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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.
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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.
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