All posts tagged "CRS"
-
533Crypto / Digital AssetsOECD Proposes Tax Reporting Framework for Crypto-assets
The framework would require intermediaries to identify their customers and their tax jurisdictions, and then report their aggregate transaction values annually.
March 28, 2022 -
1.6KAML / KYCSuisse Secrets: Data Leak Reveals Criminals Clients at Swiss Bank
The data unearthed evidence that Credit Suisse accounts were used by clients involved in torture, drug trafficking, money laundering, corruption and other serious crimes.
February 21, 2022 -
739AML / KYCAutomatic Exchange Uncovers €10tr in Offshore Accounts in 2019
The automatic exchange of information by tax authorities in nearly 100 countries uncovered data on 84 million accounts held offshore in 2019.
July 2, 2020 -
2.8KAML / KYCWestpac Internal Probes Identify More AML Breaches
Westpac has identified an estimated 60,000 to 90,000 threshold transaction reports that were not reported to AUSTRAC, and potential problems with its FATCA and CRS compliance.
May 5, 2020 -
873AML / KYCFinancial Secrecy Index Ranks Hong Kong, Singapore in Top Five
The Tax Justice Network has released its 2020 rankings of jurisdictions according to their secrecy and the scale of their offshore financial activities.
March 2, 2020 -
675AML / KYCJapan Identifies 1.9m Undeclared Offshore Accounts Through CRS
Of the 1.89 million offshore accounts identified through information exchanges under the Common Reporting Standard, 80% were located in Asia and Oceania.
December 18, 2019 -
920AML / KYCPhilippines Makes Push to End Bank Secrecy
BSP governor Benjamin Diokno has said the central bank wants to help convince lawmakers of the importance of lifting bank secrecy as part of a bill to grant amnesty to errant taxpayers.
October 15, 2019 -
687AML / KYCTaiwan Seeks Significantly Higher Penalties for Tax Evasion
Reports indicate there is considerable support to raise the maximum fine for tax evasion from NT$60,000 to NT$100mn.
September 24, 2019 -
1.4KBig PictureFIs Need to Automate to Meet Tax Reporting Obligations – Report
As tax reporting requirements grow increasingly complex, automation is making compliance cheaper, quicker and more efficient, says a new report from Regulation Asia and BearingPoint.
May 6, 2019 -
4.0K1Asia-PacificRegulatory Reporting Pressure in APAC: A 2019 View
In the year ahead, banks will have to focus on seamless data integration and regtech adoption to cope with increasingly complex regulatory reporting requirements, says Wolters Kluwer’s Wouter Delbaere.
January 9, 2019
