Tab Pollock, EPC, QAFP’s Post

Automatically choosing the correct credit score helps HMDA Reporting to be less stressful. To learn more about it, visit: https://zurl.co/Qpft #RegulatoryReady #MortgageSolutions

🤓The mild-mannered accountant is rarely thought of as the potential lynchpin in a national or global crime syndicate. However, #accountants are very attractive to criminals! Money doesn’t launder itself! Accountants and auditors have a critical role to play in the fight against #moneylaundering. ✍️Keeping the books extends much farther than ensuring #compliance with GAAP! And accountants are engaged with more than just crunching numbers in an increasingly complex world! 🚨 While there are specific triggers that bring accountants into scope of #amlcompliance, they can also present risks if not mitigated against. 💡Here are three points for you to consider as a financial institution or #DNFBP in your engagements with them. ✅Accountants can provide incredible value and insights into your business. But are they being equipped to help in the fight against #financialcrime? For your internal accounting staff, ensure that they are included in the “all staff” that are to be trained in #AMLCFT risks and threats. Remember, #compliancetraining is not just for compliance and client facing staff. ✅Accountants are human too! Treat them that way! That means meaningful engagement throughout the relationship. They are also exposed to unique risks in their role! Ensure you take measures to mitigate against relevant risks. In some cases, that means applying KYE measures to ensure that their risk profiles remain within acceptable parameters and that your staff (including accountants) are not susceptible to bribes from rogue clients. ✅Accountants can act as Third Parties introducing clients to financial institutions and DNFBPs (and particularly, #realestateagents). This can happen knowingly or unknowingly. Always ensure that your compliance procedures are up-to-date in relation to FATF Recommendations, and in particular, Rec. 17 in these scenarios. The issue of introduced business was also covered in this event. 🗝️Key takeaway? CPAs and Accountants are integral to smooth financial flows for all aspects of our interconnected lives! This was crystallized in the quotes of the vice president of the Financial Action Task Force (FATF) Jeremy Weil where he stated that, “CPAs don't necessarily realize how important they are in the fight against financial crime…” and posited that they can be seen as a firm’s “chief anti money laundering officer,”. #passionforcompliance #audit #financialcrime #FATF #amlcomplianceofficer #complianceofficer #amltraining

🤓 As a former #auditor, I keep a keen eye on developments impacting #accountants. This particular engagement is definitely one that highlights the importance of your mild mannered #CPA! #passionforcompliance #AMLCompliance #compliancetraining #regulatorycompliance #DNFBP #FATF

E-BRC on The DGFT portal by the IEC holder. When creating the third-party payment E-BRC generated on the DGFt portal, please proceed with caution. It is risky to create a straight E-BRC for a third-party payment, though. Wait for the DGFT and RBI to update the portal instead, as this will lead to more paperwork after the E-BRCs. #dgft#customs#BRC's #E-brc#Customsact1962#EDPMS#IDPMS#FTP#Tradeagreements#SVB#lagal#@mahabdandassociates##INCOTERMS

CFIUS continues to broaden its reach as a regulator of a wide range of transactions. Read Jones Day's Commentary, which details a recently proposed rule aimed at expanding CFIUS' enforcement authorities and significantly enhancing its maximum penalties. #CFIUS #fdi #nationalsecurity https://ow.ly/4HE350RnSQg

How do we work out the basis of a claim? It's quite simple. The position of a complainant is evaluated in terms of the financial position they were in before the accident compared to their position after the accident. The difference between the two equates the loss or damage. Our team of experts can assist you by evaluating your unique case to help you get the best settlement for your RAF claim. #personalinjury #roadaccidentfundclaims #legalhelp #mypersonalinjuryattorney

A Stronger CFIUS. On November 18, 2024, the U.S. Department of the Treasury issued a final rule enhancing CFIUS's monitoring and enforcement tools. Among other changes, the rules expand CFIUS's subpoena authority and establish higher maximum civil penalties increasing the maximum penalty 20 times over, from $250,000 to $5 million in most cases. Read more here: https://bit.ly/3CPNCP4

🚨 CARM R3 to Launch as Planned – Parliamentary Vote Rejects Delay 🚨 Despite recent concerns about the readiness of CBSA officers, the Parliamentary Standing Committee on International Trade (CIIT) has voted to move forward with the CARM Release 3 (R3) rollout. The cutover period starts October 4, 2024, with full implementation on October 21, 2024. Importers and brokers are encouraged to finalize any necessary actions before the system transition to avoid delays. 📌 Don't miss the CARM R3 transition details! #CARM #CBSA #TradeUpdate #SupplyChain #ImportExport https://lnkd.in/eQ2Bt8Z3

Facts The whole DC order deals with actions taekn by RP in processing of withdrawal application ,inititited by a creditor doing OTS during CIRP and submitting withdrawal request. The Creditor who did private settlement was not the original applicant. Fee of the RP/CIRP expenses was not tackled during the OTS. Interesting case which sheds light on the way FCs function at times. RP was blamed for-It is also seen that the matter of reimbursement of the fees of the RP was pending before the AA in IA 4790/2022 filed by Canara Bank and therefore her agreement with ex-directors with such covenant was unlawful.  When Sec12 A and Reg 30 A are so clear, still this problem had taken place.

The Australian Securities and Investments Commission (ASIC) has revoked the Australian financial services (AFS) licence of RPD Group Advice Pty Ltd. #ASIC #AFS #FinancialRegulation #LicenseRevoked #InvestorProtection #CSLR #Compliance #FinancialServices #RegulatoryActions #Australia