The Australian Securities and Investments Commission has launched an internal investigation into whether it needed to do more to stop the marketing of Sterling First (Aust) Ltd and associated companies (Sterling First) to vulnerable elderly investors.
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Warning: your business culture will be held accountable post-COVID
One of the lessons companies need to learn from the pandemic is that a bad culture will come back to bite you.
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Using FTAs to reduce costs and gain competitive advantage: RCEP a golden opportunity for CFOs
Free Trade Agreements (FTAs) present stellar opportunities for companies to drive substantial cost savings, gain competitive advantage and optimize their supply chains.
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Public-private sectors must work together to restore trust, manage risks post-COVID
The public and private sectors must work together more closely to restore trust and stability across international institutions and to enable them to respond more quickly to major risk events, a leading compliance expert has said.
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Ethics and risk management in the time of COVID
Ahead of the Governance Institute’s Leadership Trust Foresight conference on 7-8 December 2020, Dr Klaus Moosmayer, Member Executive Committee & Chief Ethics, Risk and Compliance Officer, Novartis AG (Switzerland) speaks with Virginia Ginnane, Marketing Content Specialist, Thomson Reuters about steering an ethical business in this challenging time.
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New Zealand’s central bank takes on first major money laundering investigations
New Zealand’s central bank is well advanced in its first major investigations into anti-money laundering and counter financing of terrorism (AML/CFT) compliance failures, as it ramps up its financial crime compliance enforcement presence.
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FinCEN leaks highlight need for “radical” approach to tackling financial crime
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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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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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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Tips, Tricks, and Best Practices to Closing the Quarter from Home
The Covid-19 crisis could not have come at a worse time for corporate tax professionals. As if grappling with the quarter close and looming tax season weren’t enough, working remotely presents its own unique challenges.
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