While some organisations are finding it difficult to adapt to the new operating environment, others are choosing to embrace this unprecedented time as an opportunity for innovation.
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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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Benefits of automation for statutory reporting: How are you preparing your cashflow statements?
When the next draft of financial statements is due, how quickly can you update your cashflow statements?
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ICC and Global Alliance for Trade Facilitation: Global Trade in the time of COVID
In the second in our series of interviews with global trade agencies, Virginia Ginnane speaks to Philippe Isler, Director, Global Alliance for Trade Facilitation and Andrew Wilson, Permanent Observer to the UN at the International Chamber of Commerce about the impact of COVID-19 on global trade.
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Are you correctly reporting your GST? Automated answers to ATO reviews
Here Peter Schotter and Simmone Cottom, product specialists at Thomson Reuters address the risks of incorrect GST reporting in a recent Indirect Tax webinar in the new series, Key Challenges: Answered.
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How to Keep Up With New Complexities in Tax
Pressures on the tax function are everywhere, and they are growing in number and intensity. Here’s how tax professionals should respond.
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