Tag: financial transparency
Seven key insights into the US’s beneficial ownership reporting requirements
In a stride towards combating financial crimes, the US introduced the CTA, designed to peel back the layers of secrecy often associated with business...
Navigating tax compliance: How FinTech innovates CRS and FATCA reporting
In the rapidly evolving global finance sector, the importance of complying with regulatory frameworks like the Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA) cannot be overstated.
EU’s AML regulations to transform crypto and high-value transactions
The European Union (EU) has recently made a significant stride in fortifying its defenses against money laundering and terrorist financing. A provisional agreement reached...
The impact of EU’s AML regulations on wealthy individuals and luxury...
Big changes are sweeping through Europe's financial landscape, thanks to the introduction of stringent Anti-Money Laundering (AML) laws. These new regulations are particularly significant for high net worth individuals (HNWIs) and businesses in the luxury sector. The mandate? Heightened vigilance and transparency in financial dealings, aiming to curtail the misuse of funds.
UK tops global list for shell company risks, new Moody’s Analytics...
The United Kingdom has emerged as the global hotspot for shell company risks, according to the latest interactive research unveiled by Moody’s Analytics.
Navigating the Corporate Transparency Act: A guide to the new US...
The Corporate Transparency Act (CTA) ushered in a significant shift in beneficial ownership reporting requirements starting from January 1, 2024. This change is more...
How firms can harness the power of corporate governance
In a recent post by Diligent, the company outlined eight key ways that companies can harness the power of corporate governance.
