The Board of Taxation released its report Review of Corporate Tax Residency on 6 October 2020. The report was completed in July 2020.
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5 Compliance Tips to Help Your Organisation Overcome Regulatory Burdens
Keeping up with regulatory guidelines can often feel like an uphill battle. All it takes is a new law or regulation to kick in to throw you off your compliance game.
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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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“Remarkable Adaptability” – How the World has Adjusted to Working from Home
“Working from home full-time is an entirely different experience, particularly working from home for an extended period of time, which can be fairly stressful,” said Kevin Luo, Assistant General Counsel; GM, Asia-Pacific R&D Group Legal at Microsoft.
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PayPal battens down hatches, as AUSTRAC lines up next targets
International payments titan PayPal Holdings is ramping up its compliance remediation work as the Australian anti-money laundering regulator considers its next major enforcement targets.
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Global Supply Chain Trends: From Robotics to Artificial Intelligence
“It’s a very dynamic world that we live in and is constantly changing. We’ve got to keep our supply chains safe, secure and resilient,” said Clay Perry, President at 143 Advisory Services LLC.
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Westpac agrees to $1.3bn penalty for AML/CTF breaches
Westpac and AUSTRAC have agreed to a $1.3bn penalty for over 23 million alleged breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act). The proposed penalty and…
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FinCEN leaks expose personal risk of AML/CTF compliance enforcement
An unprecedented leak of thousands of files from the U.S. government’s most confidential financial intelligence database has shone a spotlight on the world’s $2 trillion-a-year dirty money habit.
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ANALYSIS: FinCEN leaks will shine spotlight on “effectiveness” of global AML/CFT regime
The unlawful release of thousands of files from the U.S. financial intelligence unit’s database will shine a spotlight on the effectiveness of the international anti-money laundering (AML) regime, according to consultants with decades of experience in global banks and law enforcement agencies.
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