All posts tagged "Accountants"
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167Hong KongHK Passes Legislation to Expand FRC’s Regulatory Functions
The FRC will become a full-fledged independent regulatory body for the accounting profession, performing inspections, investigations and disciplinary work.
October 28, 2021 -
246Australia & NZAustralia Finalises CDR Rule Changes to Increase Participation
The amendments allow accredited data recipients to sponsor other parties to become accredited or allow them to operate as representatives.
October 7, 2021 -
482AML / KYCBasel AML Index Calls Out Ineffectiveness Across Jurisdictions
Areas of AML/CFT policy that urgently need more attention are virtual assets, implementation effectiveness, beneficial ownership, and DNFBPs.
September 22, 2021 -
200Hong Kong
Hong Kong Introduces Bill to Boost FRC’s Regulatory Powers
Under the proposed regime, regulatory powers currently vested with the HKICPA will be transferred to the Financial Reporting Council.
July 26, 2021 -
153AML / KYCAustralian Senate to Launch Inquiry into DNFBP Regulation
The inquiry will examine the impacts of bringing DNFBPs into scope under Australia's AML/CTF regime, including AUSTRAC's capacity to regulate 100,000 more entities.
June 25, 2021 -
581AML / KYCWEF Offers Framework to Help Prevent Illicit Financial Flows
The "Unifying Framework" published this month sets out five core practices for gatekeepers to use to identify and respond to potential illicit activity.
June 16, 2021 -
202Enforcement
HKICPA, FRC Agree to Share Information, Refer Cases
The MoU is expected to enhance audit quality, contribute to the development of the Hong Kong audit market, and promote confidence in the capital markets.
May 11, 2021 -
639Australia & NZ
Australia Considers Making CDR Data More Portable
Under draft rules, accredited businesses would be able to share CDR data with their agents, or sponsor other parties to become accredited.
May 6, 2021 -
602AML / KYCUS Lawmakers Call for ‘War-like Footing’ Against Corruption
In a letter to Janet Yellen, two lawmakers have called for AML obligations to be expanded to hedge funds, private equity, and other professional enablers.
May 6, 2021 -
587FeatureHKEX to Lessen Profit Requirement Hike for Main Board IPOs
The three-year profit requirement will be raised from HK$50mn to HK$80mn, compared to the HK$125mn or HK$150mn options proposed in November.
May 6, 2021
