Innovation and Technology Posts

“There won’t be enough work to keep all traditional lawyers in practice, because the market will have moved to different ways of solving problems,” says Prof Richard Susskind OBE, President of the Society of Computers & Law in the UK.

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The pace and volume of regulatory change will be the single greatest challenges for compliance officers across the Asia-Pacific region in 2021.

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2020 has brought about many changes to the way we work. Businesses have had to adapt how they operate, and remote working on a full-time basis has been a huge adjustment for employees and organisations alike. No matter what phase of the Coronavirus pandemic your locality is in, the likelihood is that the office working paradigm is shifting toward the more flexible alternative of remote working.

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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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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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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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The leak of the FinCEN Files has highlighted the ineffectiveness of the international anti-money laundering (AML) regime in terms of securing law enforcement outcomes and should trigger a fundamental review, a former senior U.S. law enforcement supervisory special agent has said

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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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“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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