685 articles
The accountability-control gap in AI-driven compliance: why CCOs and MLROs face governance exposure before regulators catch up
Smart Valor AG receives MiCAR CASP licence from FMA Liechtenstein effective 1 July 2026, signalling continued post-transitional authorisation momentum in the EEA
Senator Gillibrand's proposed ethics restriction barring elected officials from issuing digital assets signals tightening governance standards that accounting firms and CFOs must track for compliance and client advisory work.
Outgoing IASB Chair warns that over-automating accounting work risks eroding the professional judgment on which high-quality financial reporting depends, with direct implications for how firms train and supervise junior staff.
The PIOB is recruiting IESBA members for 2027 terms, with implications for how global ethics standards that underpin crypto financial reporting are shaped.
IAASB and IESBA launch a joint User Advisory Group, giving financial statement users a formal seat at the global standard-setting table for the first time
IESBA's new proportionality guide explains how the Code of Ethics scales its requirements for smaller practices, with direct implications for how accounting firms document independence and ethics compliance.
IESBA adds a single overarching firm culture and governance requirement to the global ethics Code, with practical implementation guidance to follow outside the Code itself
IESBA launches post-implementation surveys on NOCLAR and the Restructured Code, signalling potential standard updates that accounting firms and auditors need to track
ASIC's wind-up action against 12 companies for unlicensed financial services and four years of missed audited financial statements is a sharp reminder that audit lodgement failures and unlicensed advice carry existential regulatory risk in Australia.
IVSC proposes IVS 107 Quality Controls as a new General Standard in its IVS Exposure Draft, targeting stronger governance and transparency in private credit valuations ahead of a January 2028 effective date.
FMA Liechtenstein grants a new CASP registration two days after the MiCA transitional period closed, signalling active post-transition enforcement and compliance benchmarks for accounting firms and auditors serving digital asset clients in the EEA.
ASIC charges a permanently disqualified SMSF auditor who continued signing off on 56 entities and fabricated 47 audit reports, exposing the compliance risk for accounting firms relying on third-party auditors
A key law enforcement bloc has dropped its opposition to the CLARITY Act, narrowing one political obstacle to US crypto market structure legislation with direct implications for DeFi liability and AML compliance frameworks.
ASIC's $20.5M Federal Court penalty against ASX for misleading CHESS replacement disclosures sets a precedent for market operator disclosure standards and signals heightened regulatory scrutiny of technology project updates in Australia.
Digital asset risk under BSA/AML regimes does not require a new framework, but it does require rethinking the underlying data environment and compliance tooling
The Investment Association's inaugural tokenized-funds practice note reframes how fund accountants, auditors, and CFOs must think about NAV calculation, reconciliation workflows, and embedded AML/KYC compliance under a DLT model.
Four major financial centres are building robust crypto licensing regimes to attract regulated digital asset activity, with direct implications for accounting firms and compliance teams advising crypto-active clients.
Dubai's VARA has published one of the most detailed crypto regulatory frameworks globally, with direct implications for VASP licensing, AML/CFT obligations, and asset segregation, plus a firm prohibition on privacy coins that accounting firms and compliance teams must absorb immediately.
Three simultaneous regulatory moves, NYDFS-EBA stablecoin MOU, Hong Kong VATP and advisory licensing, and CFTC perpetual futures approvals, are reshaping the cross-border compliance obligations of stablecoin issuers, VASPs, and digital asset firms in 2026.
ASIC's DDO stop orders against Stratfund expose how TMD deficiencies in private credit funds create acute regulatory and compliance risk for accounting firms and CFOs advising on alternative investment structures
ASIC's rolling Federal Court enforcement against Australian Fiduciaries and 30+ related entities signals serious risks for accounting firms and auditors serving SMSF clients exposed to complex managed investment scheme structures
ASIC's escalating enforcement action against Melbourne adviser Ferras Merhi, covering asset freezes, travel restraints, winding-up orders and the conduct allegations that accounting firms and compliance officers need to track
ASIC's successful continuous disclosure action against Rex Airlines signals tightened accountability for listed entity boards and raises record-keeping questions relevant to firms advising ASX-listed clients.
ASIC's escalating Federal Court action against Ferras Merhi signals heightened regulatory scrutiny of superannuation advice models, conflicted remuneration, and AFSL oversight failures across Australian financial services firms.
ASIC Report 833 exposes systemic trustee oversight failures across $305 billion in superannuation platforms, with enforcement already underway and more to come
ASIC's cancellation of Capital Guard's AFS licence over a fake Macquarie bond scheme signals heightened scrutiny of fixed-income investment fraud and raises immediate compliance questions for accounting firms and auditors serving retail financial services clients.
ASIC's rolling Federal Court orders against a former fund director illustrate how regulators use asset freezes and travel restraints as live enforcement tools, with direct implications for how accounting firms and auditors assess going-concern risk and document AML exposure in Australian fund structures.
ASIC's criminal prosecution of BBY's former Executive Chairman for alleged client money misuse signals continued regulatory pressure on Australian financial services firms and their senior officers.
ASIC convenes its first capital markets modernisation roundtable, signalling that DLT, tokenised assets, and AI-driven trading are now regulatory priorities for Australian financial services firms and their advisers
ASIC's June 2026 industry letter makes cyber resilience a live licensing obligation for all Australian financial services firms, with AI-accelerated threats and the FIIG Securities court outcome raising the compliance bar immediately.
The MiCA VASP transition period closed on 1 July 2026: EU authorization is now a hard legal requirement, and non-compliant providers face immediate operational restrictions with direct consequences for their clients.
SARS activates the interest calculation method for Global Minimum Tax liabilities from 1 July 2026, creating an immediate compliance obligation for multinationals and their advisers in South Africa.
MFSA imposes €2,400 penalty on a Company Service Provider for missing the 2022 Annual Compliance Return deadline, signaling active enforcement of filing obligations in Malta.
MFSA opens consultation on transposing EU AML Directive 2025/1 into Maltese law, with direct implications for CASPs, accountants, and compliance teams operating in or passporting into Malta
MFSA imposes a €2,400 penalty on a company service provider for missing the 2022 Annual Compliance Return deadline, a live reminder that regulatory filing obligations carry real financial consequences
SECO updates SESAM sanctions database for ISIL and Al-Qaida designations on 22 May 2026, creating immediate screening obligations for Swiss financial intermediaries and crypto firms.
FINMA's AMLO-FINMA consultation introduces stricter beneficial ownership, embargo, and correspondent banking rules that Swiss financial intermediaries and their advisers must map against current compliance programmes before the 9 June 2026 deadline.
MiCA's transition window has closed but uneven NCА enforcement capacity across EU member states creates immediate compliance and audit risk for CASPs and their advisers
ECOFIN agrees general approach on VAT data-sharing reform: what the expanded EPPO/OLAF/Eurofisc access means for cross-border compliance obligations
The European Commission's June 2026 Tax Omnibus rewrites core EU direct-tax directives, removing holding requirements, tightening anti-abuse rules, and aligning CFC and Pillar Two treatment. Accounting firms and CFOs serving EU multinationals need to map the changes now.
ESMA's first post-deadline MiCA register update adds 37 CASPs including Standard Chartered, reshaping EU crypto licensing obligations for accounting firms and CFOs.
Three EU tax shifts land simultaneously: the FASTER Directive is now law, Italy's tax consolidation rules face a CJEU test, and Romania's windfall tax joins a growing queue of CJEU referrals. Accounting firms and CFOs need to know what each means for cross-border structures.
DAC7 is live across most EU member states: where implementation stands, what platform operators must report, and which countries are still catching up
Four concurrent EU tax enforcement and legislative developments across Luxembourg, Netherlands, Poland, and Sweden create immediate compliance pressure for multinationals and their advisers.
Four CJEU and EU-level tax rulings from late 2022 carry direct compliance implications for accounting firms and CFOs operating across Italy, Portugal, Spain, the Netherlands, and Germany, covering property platform withholding, capital duties, State aid, and energy solidarity contributions.
DAC9 formalises the GloBE Information Return in EU law, creating a central filing option and mandatory information exchange that MNE groups and their advisers must plan around now
ECB intensifies scrutiny of IFRS 9 provisioning, forbearance practices, and leveraged lending at supervised banks, with direct implications for how accounting teams and auditors support credit risk governance.
ECB streamlines IRB model-change approval from October 2026, but faster sign-off depends entirely on credible internal controls and early supervisory engagement
Two landmark EU court rulings reshape the tax treatment of cross-border banking branches in Portugal and close off a direct challenge to the EU Minimum Tax Directive, with direct implications for multinational structures and tonnage tax planning.
