Most of the time, supply chains work seamlessly. That is, until a geopolitical stressor exposes the weaknesses of a system with too much efficiency and not enough resilience.
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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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Crown’s regulatory woes highlight trouble with junkets and money laundering
Australia’s largest casino operator is facing multiple regulatory challenges over its links to money laundering and organised crime, primarily due to its lax controls over junket operators.
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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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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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The future of employer super
What will be the impact on employer super of recent Australian Government announcements in the Federal Budget?
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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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