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Markit launches CTI Tax Solutions for Common Reporting Standard
Markit, a global provider of financial information services, has announced the launch of Markit CTI Tax Solutions for the Common Reporting Standard, which identifies tax residency and performs due diligence on customer accounts. The solution enables institutions to conduct due diligence through validating account data across existing books and records, ...
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ArticleFATF focus on criminal asset recovery points to a more investigatory role for compliance
Global organised crime is booming, and only 1 to 2 percent of the $4 trillion black economy is intercepted, according to figures from the Financial Action Task Force. Its new guidance suggests that countries should focus on rapid investigations, collaborative intelligence gathering, and confiscating the proceeds of criminal activity.
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PremiumEU moves to simplify GDPR and AI Act obligations, raising compliance questions for companies
For the past decade, Europe has led in creating strong but flexible rules for data use and safe AI development. The EU’s new plans to simplify key data privacy and AI governance measures have received a mixed response.