The future may be uncertain, but there is consensus that it will throw up new challenges for tax professionals It has been six months since the Covid-19 pandemic and despite…
Read moreClash of the Titans
As economic sanctions increasingly hamper global trade management, automation can reduce the risk of non-compliance. When elephants fight, it is the grass that gets hurt. Something similar is happening in…
Read moreFinCEN leaks mark inflection point for international AML regime, says former DEA agent
The leak of a trove of documents from the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) — the so-called FinCEN Files — has highlighted the ineffectiveness of the international anti-money laundering…
Read moreNew ASEAN Trade Facilitation Measure Launched
AWSC will go a long way towards easing of trade within the ASEAN region. Is your business prepared to take advantage of it? On September 20, 2020, the ASEAN-Wide Self-Certification…
Read moreFinCEN 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.
Read moreEconomic sustainability drives gender diversity reforms in Singapore, South Korea
The pace of gender diversity reforms in Singapore and South Korea could accelerate as both jurisdictions tackle risks to economic development. In recent years, Singaporean and South Korean governments have…
Read moreSingapore’s Individual Accountability Model will Improve Conduct: Live Poll
Risk and compliance practitioners support the Singaporean conduct regulator’s plans to bring in a light-touch, principles-based framework for management accountability, despite tougher laws being introduced elsewhere across the region. A…
Read moreAre You Prepared to Take Full Advantage of the EVFTA?
The Free Trade Agreement (FTA) between the EU and Vietnam offers businesses in Asia a significant competitive advantage – but only if they can reap its full benefits. The European…
Read moreStatutory Financial Reporting in Shared Services: Best Practices from Capgemini to Centralise, Standardise and Automate the Process
“In today’s world, zero non-compliance is the norm,” warns Vishal Parekh, Regional Head, South Asia and South-East Asia at Thomson Reuters. “No one wants to be in that bucket of…
Read moreSingapore regulator to hold senior managers in FIs to account for compliance failures
The Monetary Authority of Singapore has issued new guidance to ensure senior managers in financial institutions take responsibility for deterring employee misconduct The Monetary Authority of Singapore (MAS) recently issued…
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