IFAC accelerates engagement on anti-corruption and anti-money...
As evolving threats such as climate change, artificial intelligence, and geopolitical conflicts put increasing...
READ MOREUK banks are getting tough on crypto, but money-laundering rules are the real problem
NatWest, the UK retail bank, has announced it will not engage with business customers who accept payment in bitcoin or other cryptocurrencies. It follows recent announcements from HSBC that it won’t allow transfers from digital wallets and won’t enable customers to buy shares in companies associated with cryptocurrencies, such as Coinbase or MicroStrategy.
The feeling from both banks is that cryptocurrencies are high risk and therefore justify a cautious approach, though they note that their stance could change if and when regulation evolves.
Read more at KYC360.
Previous
Small businesses struggling to get credit from Recovery Loan Scheme
Next
Government presses ahead with MTD to transform tax reporting to ‘real-time’
HMRC umbrella company ‘checking tool’ looms for workers
Umbrella company consultation response and guidance due from HMRC, as more details come out on Tax Administration and...
READ MORE
A beginner’s guide to the taxes you’ll hear about this election...
National insurance, income tax, VAT, capital gains tax, inheritance tax… it’s easy to get confused about the many...
READ MORE