Search Results for: accountancy

CONCERNS continue to grow about capacity in anti-money laundering/combating the financing of terrorism (AML/CFT) systems, with managers being urged to take advantage of the AML profession’s openness to change.

A Dow Jones/ACAMS (Association of Certified Anti-Money Laundering Specialists) global anti-money laundering survey focusing on retail and commercial banking, private banking/wealth management and investment banking, released April 2016, showed 60% of respondents cited increased regulatory expectations as the greatest AML compliance challenge (http://files.acams.org/pdfs/2016/Dow_Jones_and_ACAMS_Global_Anti-Money_Laundering_Survey_Results_2016.pdf…

FRAUD poses a “tremendous threat to organisations of all types and sizes, in all parts of the world”, according to the Association of Certified Fraud Examiners (ACFE) – which like many expert groups have sought to demonstrate the scale of the problem with statistics.…

FRAUD poses a “tremendous threat to organisations of all types and sizes, in all parts of the world”, according to the Association of Certified Fraud Examiners (ACFE) – which like many expert groups have sought to demonstrate the scale of the problem with statistics.…

As Ireland approaches full employment, (unemployment is currently just 6.3%), companies facing higher labour costs and competition for staff are improving their workplace environment to become more attractive as employers. They also hope that a new generation of high-spec office spaces – some being unveiled by accounting firms – will boost productivity.…

THE SINGAPORE government has released an accountancy roadmap, enabling the profession in the city state to grow 5.6% annually to generate Singapore dollars SGD2.03 billion (USD1.48 billion) in nominal value-added income, creating 2,000 new PMET (professionals, managers, executives and technicians) jobs by 2020.…

KEEPING accounting relevant through ongoing transformation is the driving force of Olivier Boutellis-Taft, chief executive of Accountancy Europe. “Change is my fuel,” says the industry organisation chief, speaking to Accounting & Business at his office in the heart of Brussels’ European Union (EU) quarter.…

INDIA’S new Goods and Services Tax (GST) – designed to overhaul, modernise and harmonise the country’s indirect taxation – has been the focus of bitter criticism, over its chaotic and haphazard introduction and implementation.

Since its formal launch last July (2017), “changes have been made continually, and hence businesses found it difficult to keep pace,” says Mahadevan Subra Mani, senior director, Deloitte India, in Mumbai.…

The prospect of significant hikes in taxes and administrative red tape on Irish exports and imports travelling through the UK to and from the rest of Europe once Britain leaves the European Union (EU), has prompted Irish exporters to seek more options for direct maritime trade.…

WILL Brexit increase money laundering through the UK, or will the British government’s October 2017 Sanctions and Anti-Money Laundering Bill (SAMLB) and the UK money laundering regulations 2017 adequately replace the European Union’s (EU) anti-money laundering directives (AMLD)?

British Labour member of the European Parliament (MEP) Claude Moraes has his doubts.…

*A newly approved European Union (EU) directive on transparency requirements for tax intermediaries will insist that accountants designing or promoting aggressive tax planning schemes report them to national tax authorities. The requirements, approved by the EU Council of Ministers, apply from July 1, 2020, and member states will have to fine intermediaries, including lawyers and bankers, that fail to report.…