International news agency
International News Services archives articles supplied to clients one year or more after initial publication. These articles are protected by a password and not made available to readers without permission from clients. They are used as a background resource by agency journalists. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.

Search Results for: accountancy

10 results out of 283 results found for 'accountancy'.

BRITAIN MUST CLEAN UP ITS AML ACT OR RISK BECOMING ROGUE JURISDICTION OFFSHORE EUROPE – TI REPORT



ANTI-GRAFT group Transparency International (TI) has called on the UK government to comprehensively overhaul British anti-money laundering controls, arguing that the country risks becoming a jurisdiction notorious for weakness in fighting financial crime.

Noting Britain’s likely exit from the European Union (EU), TI warned its government must ensure its businesses meet “the highest possible” anti-crime standards.…

Read more

NEW EUROPEAN COMMISSION PLANS TO INCREASE PRESSURE ON DAIRY SECTOR TO GREEN ITS PRODUCTION



THE EUROPEAN dairy industry will be looking closely at the policies of the new European Commission that is now expected to assume office on December 1 – it is likely to increase pressure on the sector to improve its environmental performance.…

Read more

FATF RELEASES GUIDANCE TO HELP ACCOUNTANTS FOLLOW RISK-BASED APPROACH IN AML/CFT EFFORTS



ACCOUNTANTS may be the designated non-financial professionals controlled by AML/CFT laws best placed to know if a client is laundering money, given their access to complete financial records. And while Financial Action Task Force (FATF) recommendations do not lay down as comprehensive a duty on accountants as banks on lodging STRs (see https://www.fatf-gafi.org/media/fatf/documents/reports/RBA-Accounting-Profession.pdf…

Read more

FATF RELEASES GUIDANCE TO HELP ACCOUNTANTS FOLLOW RISK-BASED APPROACH IN AML/CFT EFFORTS



 

ACCOUNTANTS may be the designated non-financial professionals controlled by AML/CFT laws best placed to know if a client is laundering money, given their access to complete financial records. And while Financial Action Task Force (FATF) recommendations do not lay down as comprehensive a duty on accountants as banks on lodging STRs (see https://www.fatf-gafi.org/media/fatf/documents/reports/RBA-Accounting-Profession.pdf…

Read more

BOTSWANA’S FIRST BIG 4 FEMALE MANAGING PARTNER IS A STRONG PROMOTER OF ACCOUNTING EXCELLENCE



Gosego Motsamai, the new managing partner and country manager at KPMG Botswana, has blazed a trail by being the first woman to secure such a post in a Big Four firm within this dynamic emerging market country.

With 23 years’ experience, Motsamai still brims with passion for the profession and often works late into the evening to ensure deadlines are met, a tidy habit she has developed from her early days as an accountant.…

Read more

UGANDA CFO EXPANDS BANK’S DIGITAL SERVICES THROUGH ETHICAL AND HOLISTIC LEADERSHIP



 

Digital disruption has been transforming banking services worldwide, and Africa, with its important m-commerce sector, has been in the frontline of this change – a fact not lost on established bank executives, such as Samuel Fredrick Mwogeza, the chief financial officer of Stanbic Bank Uganda Ltd.…

Read more

TRADE-BASED MONEY LAUNDERING TO RISE AS IRAN SEEKS TO EVADE NEW USA SANCTIONS



TRADE-based money laundering (TBML) continues to be a complex typology that is tough for law enforcement to detect and ML regulators to control.

The risk is that with Iran being subject to new USA sanctions, the use of TBML is going to grow in the short term, warn experts.…

Read more

UK AND IRELAND SPEAK A COMMON LANGUAGE ON AML/CFT – BUT WILL BREXIT BRING DISCORD?



 

With their large financial services industries and open economies, the United Kingdom and the Republic of Ireland are conspicuously exposed to money laundering (ML) and terrorist financing (TF) risks.

Tough anti-money laundering (AML) and countering the financing of terrorism (CFT) policies are at the heart of their respective financial services regulations, yet both countries are regularly forced to fend off criticisms that they are not doing enough to tackle these problems.…

Read more

FRAUD VALUE HALVES IN 2018, SAYS BDO



THE TOTAL value of frauds committed in the UK fell 64.7% to GBP746.3 million (USD994 million) in 2018, from a record GBP2.1 billion (USD2.8 billion) in 2017, accountancy advisory firm BDO LLP announced this week. But the company’s annual FraudTrack report*, released February 25, however, shows that despite this dramatic fall in value, the number of reported fraud cases in Britain only decreased 9% – from 577 to 525 – during this time.…

Read more

CARIBBEAN ACCOUNTING SECTOR READY TO HELP REGION ADAPT TO CLIMATE-BASED AND TECHNICAL CHALLENGES



From climate change to digitalisation, there is no shortage of economic challenges facing the small island states of the Caribbean, but the region’s accounting sector has the capacity to manage upcoming change.

For many such financial professionals, being a part of ACCA – which this year will mark its 20th in the region – is integral to progress.…

Read more