Corruption and bribery are perceived to be on the rise in many countries, and regulators have increased enforcement of anti-corruption laws as more companies of all sizes do business globally, research suggests. To safeguard against corruption by employees or third parties, a white-collar-crime litigator recommends following three steps.
The Monetary Authority of Singapore is considering amending laws to clarify the ability of banks licensed in Singapore to report information related to over-the-counter derivatives. The MAS recently released a consultation paper saying it is "considering legislative changes to allow banks to report client identity in OTC derivatives transactions without breaching banking confidentiality."
Technological advances and market forces are helping position outsourced accounting services as an attractive line of business for certain firms. Technology author and business consultant Geoffrey Moore lays out a four-stage process to developing a high-value business for client accounting services.
The end of 2012 could mean the end of the current low-income and capital-gains tax rates and the reduction of the $5 million estate and gift tax exemption to $1 million, among many other scheduled tax changes. Now is the time for clients to be planning for 2013. Here's a handy checklist of tax issues clients should be thinking about now.