Category: Compliance
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Cybersecurity & compliance in a post-CGT Hike era
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For small and medium business owners who are thinking about selling, the recent increases in the capital profit tax (CGT) announced in the budget represent new challenges. According to Ed Bartlet, CEO of the pioneering compliance provider, one of the most important risks that threaten business evaluation during due care…
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Cybersecurity & compliance on a post-CGT Hike era
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For small and medium business owners thinking of selling, the recent increases in Capital Gains Tax (CGT) announced in the Budget present new challenges. According to Ed Bartlett, CEO of leading compliance provider Hicomply, one of the most significant risks to evaluating a business during due diligence lies in cybersecurity…
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Global Compliance Challenges Solved The Role of LMS in Cross-Border Training
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In today’s globalized business landscape, compliance is a critical concern. Multinational corporations must navigate a complex web of regulations across different jurisdictions. This is where corporate compliance training comes into play. It equips employees with the knowledge they need to adhere to these regulations, mitigating risks and avoiding penalties. However,…
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Gensler’s Compliance Mandate Hits Hard
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The Blockchain Association, a lobby group focused on cryptocurrencies, announced that cryptocurrency companies spent about $426 million fighting lawsuits filed by the US Securities and Exchange Commission (SEC) under its chairman, Gary Gensler. In its October 31 report, in partnership with HarrisX, the group criticized the agency for what it…
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Gensler’s Compliance Mandate Hits Hard
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The Blockchain Association, a lobby group focused on cryptocurrencies, announced that cryptocurrency companies spent about $426 million fighting lawsuits filed by the US Securities and Exchange Commission (SEC) under its chairman, Gary Gensler. In its October 31 report, in partnership with HarrisX, the group criticized the agency for what it…
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Netherlands Proposes Crypto Tax Compliance To Align With EU Standards
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By aligning it with the tax reporting rule on cryptocurrencies enacted by the European Union (EU), the Netherlands has revealed its intention to implement tax control rules on cryptocurrencies. The Dutch government, a member of the European Union, is obliged to accept and implement new reporting requirements, a structure intended…
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Recruiting 5,000 new HMRC compliance officers just first step in fixing UK’s tax system, says Blick Rothenberg
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With just over three weeks to go until the Budget, the Government’s plan to recruit 5,000 new compliance officers into HMRC has been welcomed by leading audit, tax and business consultancy Blick Rothenberg. However, the company warns that these recruitment efforts are only a small step towards fixing deep-rooted problems…
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Companies House introduces new penalties to boost compliance and corporate transparency
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Companies House has implemented a new sanctions regime aimed at improving compliance and transparency at the UK companies register, with a focus on cracking down on abuse and economic crime. Registered companies are urged to fulfill their legal obligations, such as submitting confirmation statements in a timely manner, to avoid…
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Banks start compliance with foreign customers reporting requirement
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Local banks are expected to fully comply this month with the requirement to share details of foreign accounts with the Kenya Revenue Authority (KRA), in order to transfer them to the relevant jurisdictions after the deadline of August 31, 2024. Commercial banks began identifying foreign clients holding accounts in Kenya…
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How e-invoicing compliance can broaden your business horizons
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In recent years, the use of electronic invoicing among businesses has increased significantly. With more and more governments now mandating the use of electronic invoicing, it is more important than ever for businesses to switch to this system. Not only is electronic invoicing essential for staying on top of compliance…
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Top Compliance Strategies For DeFi Projects
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Navigating the murky waters of DeFi, compliance plays a crucial role as new regulations emerge. DeFi projects, propelled by innovation, now face the pressing need to align with these sweeping legislative demands. The rise of decentralized finance hasn’t gone unnoticed by regulators. As the regulatory landscape shifts, project leaders must…
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Customers Bancorp names veteran Allen Love its chief compliance officer By Reuters
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(Reuters) – Customers Bancorp (NYSE:CBM) on Friday named industry veteran Allen Love as its chief compliance and anti-money laundering officer. The announcement comes a day after the US Federal Reserve imposed enforcement action on the bank, which manages $22 billion in assets, over “significant deficiencies” in its risk management and…
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Lee Bryan, CEO of Arcus Compliance
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Yes. One of our values is transparency, so we always seek to understand their business aspirations first. Then we work to build a compliance strategy that identifies that and allows them to market their products without fear of enforcement for non-compliant products. What do you think about inflation and interest…
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Acelyrin director Becker sells a single share for compliance reasons By Investing.com
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According to a recent filing with the U.S. Securities and Exchange Commission, Daniel J. Baker, director of ACELYRIN, Inc. (NASDAQ:ACLY), sold one share of the company’s common stock on July 17, 2024, for $6.86. The transaction was executed at $6.86 per share, which was the closing market price on the…
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Acelyrin director Becker sells a single share for compliance reasons By Investing.com
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According to a recent filing with the U.S. Securities and Exchange Commission, Daniel J. Baker, director of ACELYRIN, Inc. (NASDAQ:ACLY), sold one share of the company’s common stock on July 17, 2024, for $6.86. The transaction was executed at $6.86 per share, which was the closing market price on the…
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TD’s chief compliance officer departs amid US anti-money laundering probe By Reuters
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TORONTO (Reuters) – TD Bank’s chief compliance officer has left the bank, according to an internal memo, as the Canadian lender faces U.S. regulators and the Justice Department in an investigation into its anti-money laundering program. Monica Kowal, who joined the bank in 2017, left the company this week and…
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EU asks Amazon for more info on Digital Services Act compliance By Reuters
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BRUSSELS (Reuters) – The European Commission said on Friday it had asked Amazon.com Inc. to provide more information on the measures the U.S. e-commerce giant has taken to comply with its obligations under the Digital Services Act. “In particular, Amazon is requested to provide detailed information on its compliance with…
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Coinbase Files Suits Against SEC, FDIC Over Compliance With Crypto Information Requests
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Coinbase, the largest cryptocurrency exchange in the United States, has filed lawsuits against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) for not complying with information requests in closed cryptocurrency cases. according to filings In the US District Court for the District of Columbia, Coinbase…
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Finastra Takes the Lead in ISO 20022 Compliance
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The financial industry, famous for its slow pace of change, is about to see a bit of volatility. There’s no need for hats or sticks, but rather a coordinated shift toward a new standard: ISO 20022. This seemingly innocuous alphabetical mash-up has the potential to revolutionize the way financial institutions…