Financial institutions are constantly being confronted with greater scrutiny, increasing tax audits, and regulatory changes. The requirement to find more efficient and effective ways of conducting global tax information reporting, including but not limited to the Foreign Account Tax Compliance Act and the Common Reporting Standard, has become a vital business need. In the past, […]
Regulatory changes by the state and the agencies acting on their behalf have become a status quo for financial institutions, adding to their already onerous compliance requirements. The Mutual Evaluation Report is one measure which seeks to analyse the implementation and effectiveness of measures to combat money laundering and terrorist financing. Compiled by the Financial […]
