compliance
Finance3 Steps FIs Can Take to Bolster AML Compliance With ESG
FinanceOptimizing KYC Processes to Prevent Money Laundering
BankingThe Importance of Identity and Access Management in the Banking Sector
BusinessSuspicion as a Business Model Has No Fortune – Trust Is the New Trend
Capitalizing on Cryptocurrency: Tips for Protecting Against Fraud, Minimizing Risk and Maintaining Compliance
Date: October 20, 2022
By Gervasio Tirigall, GBG Americas While there’s no denying that cryptocurrency has been volatile over the years, its global adoption and popularity are on the rise. Consequently, we’ve seen an increase in cryptocurrency regulations aimed at preventing related criminal activities, such as money laundering and terrorist financing. With any market, growth and value can be...
How and Why Are EU Economies Digitising Vat Collection?
Date: October 19, 2022
By Christiaan Van Der Valk, VP of Strategy and Regulatory at Sovos Traditionally, indirect taxes like VAT require businesses to play the role of tax collector, interpreting and following complex rules around the applicability and rate of taxation. This inevitably leads to gaps between expected revenue and actual revenue collected – be it due to...
The “Data: A New Direction” Bill Is Supposed to Establish the UK as ‘the Most Attractive Global Data Marketplace’, but Will It?
Date: October 19, 2022
By Rob Masson, CEO, The DPO Centre What are the implications for the financial services sector? In June this year, the UK government’s Department for Digital, Culture, Media and Sport (DCMS) published its response to the consultation entitled “Data: a new direction”. The Data Reform Bill will essentially replace the UK GDPR, a pivotal piece...
China Lodges Representations Over Alleged Harassment at Manchester Consulate
Date: October 19, 2022
BEIJING (Reuters) – China’s foreign ministry, responding to a question about clashes between Hong Kong protesters and the staff of its consulate in the British city of Manchester on Sunday, said on Wednesday that it had lodged representations with Britain over the incident. During a regular media briefing, ministry spokesman Wang Wenbin said the representations...
UK Regulator’s Head of Enforcement to Step Down in 2023
Date: October 19, 2022
By Kirstin Ridley and Carolyn Cohn LONDON (Reuters) -Mark Steward, head of enforcement at Britain’s Financial Conduct Authority (FCA), is stepping down in early 2023 and a global search for his successor will begin shortly, the markets watchdog said on Tuesday. Steward, one of the last members of the old executive team at the FCA...
German Prosecutors Search Deutsche Bank Hq in Tax Fraud Probe
Date: October 18, 2022
By Tom Sims and Marta Orosz BERLIN (Reuters) -German prosecutors have searched the headquarters of Deutsche Bank in connection with an ongoing investigation of the multibillion-euro tax fraud scheme known as “cum-ex”, Deutsche Bank said on Tuesday. Germany’s largest lender is one of many banks that prosecutors have raided in connection with the tax scheme...