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 MOREVirtual Assets Are Here To Stay, But Are AML Professionals Up to Speed?
For many in the anti-money laundering (AML) compliance sector, cryptocurrencies remain an enigma better avoided than addressed. In some corners, it can sometimes seem like compliance staff have assessed crypto-related products and services wholesale and ended up with the oversimplified conclusion of ‘cryptocurrencies: bad.’
Yet it’s apparent by now that virtual assets are here to stay, at least for the foreseeable future. Consequently, it would benefit any bank to have a strong grasp of the technology, not only because crypto-assets can be used for good or pose unexpected compliance risks, but also because jurisdictions are currently developing the standards by which financial institutions will have to operate when dealing with crypto firms.
Read more at KYC360.
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UK lawmakers square up to regulator over duty of care for banks
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With bitcoin hitting new highs, it’ll likely reach the US$100,000...
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