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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Insights from Thomson Reuters’ CEO: Road Ahead for Regional and Global Organisations
Jackie Rhodes, Managing Director of Thomson Reuters – Asia and Emerging Markets, interviewed Steve Hasker, Thomson Reuters’ President and CEO.
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Commentary: Goldman Sachs’ 1MDB Compliance Failures Provide Lessons for Firms and Banks (Part 2)
Goldman Sachs and the government of Malaysia recently announced an agreement to resolve all criminal and regulatory proceedings involving the investment bank in the country over 1MDB through a $3.9…
Read moreCommentary: Goldman Sachs’ 1MDB Compliance Failures Provide Lessons for Firms and Banks (Part 1)
Goldman Sachs and the government of Malaysia recently announced an agreement to resolve all criminal and regulatory proceedings involving the investment bank in the country over 1MDB through a $3.9…
Read more
IMPACT ANALYSIS: DFSA cyber risk report finds enhanced management needed
The Dubai Financial Services Authority (DFSA) has published a thematic review report on cyber risks. The review assessed cyber risk governance frameworks, cyber hygiene practices and resilience (incident preparedness) programmes.…
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Survey for fifth annual report on fintech, regtech and the role of compliance 2021
Technological innovation presents both challenges and opportunities for financial services firms.
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Wirecard fraud highlights importance of holistic PSP due diligence and contingency planning for merchants
Financial fraud at Wirecard AG, a German payment service provider (PSP), has caused disruption and uncertainty for business merchants that rely on the global firm to handle customer payments. The…
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Saudi Arabia triples the VAT rate: Is your business ready?
Saudi Arabia’s value added tax (VAT) rate will increase from 5% to 15% on 1 July 2020. The kingdom’s Ministry of Finance announced this VAT hike, along with other fiscal…
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Why tax compliance needs dedicated software
Tax compliance in India is a complex business and can involve multiple departments across an organisation working together to fulfill any outstanding issues.
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Indirect Tax: how do businesses prepare for the seismic changes ahead?
How will countries raise additional revenue to counteract the fallout of the devastating economic cost of the COVID-19 pandemic?
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