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InvestingLegitimate Offshore Property Investors Have No Reason to Fear Extended Use of Unexplained Wealth Orders
FinanceSix Things You Should Know About the Financial-Grade API (fapi) Specification
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With the Sanctions Landscape Increasingly Complex, Companies Must Automate Checking Processes to Ensure Adherence
Date: April 8, 2022
Sanctions are now very much headline news; companies have to be sure that they remain in-line with the latest sanctions lists AJ Thompson, CCO Northdoor plc The beginning of 2022 has seen a huge rise in the profile of sanctions lists. There is now real pressure on organisations to make sure they are not dealing...
Facts About Foreign Bank Account Report (fbar) in 2022
Date: April 8, 2022
Many United States taxpayers have foreign bank and financial accounts that they are obligated to report. However, many of these foreign account owners fail to report it, which is why the FBAR, also known as FinCEN Form 114, was created. The FBAR assists the U.S in identifying undeclared income and overseas accounts. “Every U.S citizen...
Five Ways Your Business Is Being Defrauded and How Ap Automation Can Help You Stop It
Date: April 7, 2022
By Daniel Ball, SVP of Innovation at Medius Occupational fraud is nothing new. Yet, it has increased in the last two years on an unprecedented scale as a direct result of Covid-19. The Association of Certified Fraud Examiners (ACFE) reported to the Nation on Occupational Fraud and Abuse that 41.8% of fraud takes place in...
Customer Input Is Key to Ending Banks’ Discrimination
Date: April 7, 2022
When faced with problematic issues, banks often begin addressing concerns at the policy- and product-level. Now, it’s time to begin at the customer-level. With the Consumer Financial Protection Bureau officially stating that discrimination in any financial product is illegal, banks will need to prioritize pinpointing customer frictions when using their products. Understanding their customers’ concerns...
Banks Worried About Russia Sanction ‘puzzle’, Bank of Spain Says
Date: April 7, 2022
By Jesús Aguado MADRID (Reuters) – Banks and supervisors are concerned about implementing sanctions against Russian oligarchs as they vary in scope and in who they target across different jurisdictions, Bank of Spain Director General for Supervision Mercedes Olano said on Thursday. “For internationally active banks it’s a puzzle because sanctions are not the same...
Making Tax Digital 2022: What Do Businesses Need to Know?
Date: April 6, 2022
By Mark Blakemore, CFO at Compleat Software From April 2022, every small business which charges VAT will have to file accounts through the HMRC Making Tax Digital (MTD) scheme, which first launched for those businesses with a taxable turnover above the VAT threshold (£85,000 per annum) in April 2019. There are many businesses which this...