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Financial crimes like fraud, money laundering, bribery, and corruption only make it onto the average person’s radar through either sensationalist news headlines concerning high powered politicians or business leaders, or crime procedurals on TV. However, these crimes – or, specifically, ensuring they don’t occur – can be costly, on-going headaches for thousands of businesses big…

In this podcast, Ross McGill from T-Consult speaks to Anthony Quinn from Arctic Intelligence to explore the issues involved with implementing tax compliance programs, the key challenges of implementing FATCA and the risks of non-compliance.  Click here to listen to the original full podcast.

The Google-backed, Silicon Valley-based fintech start-up Ripple Labs, which is developing new payments transfer technology, is among a group of 41 start-ups that have joined Stone & Chalk, the fintech hub in Sydney that was officially opened on Tuesday night. The Berlin-based online lender to small businesses, Spotcap, is another international start-up to open an…

Australian fintech hub Stone & Chalk is finally underway, opening its new Sydney office and revealing the first startups to join the community. After switching locations Stone & Chalk finally settled at the AMP Tower at 50 Bridge Street. It opens with 41 fintech startups, totalling 120 people, following an intense six-month selection process. “From…

Stone and Chalk, a new fintech hub that promises to help accelerate the development of Australian fintech startups, was unveiled in Sydney on Tuesday. The independent not-for-profit will be located on level 26, 45 Clarence Street in the Sydney business district. It will include 1230 square metres of office space with the potential to grow…

In January 2013, the United States Treasury Department released the final regulations relating to the U.S. Foreign Account Tax Compliance Act (FATCA) on the Federal Register.  The final regulations came almost 12 months after the proposed regulations were first issued for consultation.The final regulations cover 544 pages, the majority of which comprises sections 1471 to…

On 24 October 2012, the Internal Revenue Service (IRS) released Announcement 2012-42 Timelines for Due Diligence and Other Requirements Under FATCA, which delays certain deadlines under the Foreign Account Tax Compliance Act (FATCA).In essence, the announcement provides new timelines for Foreign Financial Institutions (FFIs) and United States Financial Institutions (USFIs) to complete due diligence and…

In February 2012, when the US Treasury Department issued the proposed Foreign Account Tax Compliance Act (FATCA) regulations, it was accompanied by a joint statement by five European countries that announced their intention to become FATCA Partner countries by signing a memorandum of understanding (MOU) with the US Treasury Department.In late June 2012, Switzerland and…

This article provides an update on the Foreign Account Tax Compliance Act (FATCA) as at October 2013. www.financialcrimesconsulting.com. Click here to view the original full article.