Generative AI will have a significant impact on tax, corporate and compliance professionals according to the Thomson Reuters’ Future of Professionals Report – Asia & Emerging Markets Edition. The survey…
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AI and data governance is heating up in Australia: Expert panel
Industry experts shed light on the necessity for ethical AI and effective data governance practices in Australia.
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Is there a global minimum tax in Australia? What you need to know
Explore the global minimum tax in Australia and the OECD’s Pillar Two Global Anti-Base Erosion (GloBE) rules. Here is what you need to know.
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Globalisation under siege: Culture, geopolitics, supply chains, and security
The threats to globalisation can stem from various factors such as differing culture, geopolitics, international relations, and fear, says Mark Nuttall.
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Cost of Compliance 2022: Competing priorities
Survey findings show the difficulties compliance officers are experiencing as they plan for the future.
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Compliance and Risk Management Matters: 6 Key Risks Facing Organisations
Compliance and risk management professionals’ responsibilities are expanding. We look at the key compliance risks and how to safeguard your organisation.
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Westpac penalties top A$113 million over “widespread” compliance failures
Westpac Banking Corporation has received an A$40 million penalty for charging advice fees to dead customers.
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UN Int’l Anti-Corruption Day: The challenge with enhanced due diligence is how it’s implemented
No matter how perfectly crafted an organization’s policies, identifying when enhanced due diligence (EDD) is merited and how fine-tuned its procedures specifying how EDD will be conducted, workplace realities can impact who is undertaking the task and how backlogged their to-do list happens to be.
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Egmont helps FIUs and banks to detect extreme right financial flows, aims for best practice
The increasingly transnational spread of extreme right-wing terrorism warrants more involvement from financial intelligence units
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Tax Evasion is Illegal, but not an Offence. Does AUSTRAC Understand its Own Risks?
Unlike some countries (such as the US), Australia’s legislative references to tax “evasion” do not refer to a criminal offence or even a category of criminal offences.
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