Category: Compliance
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[IRAS] Singapore Enhances International Tax Cooperation through Automatic Exchange of Information on Crypto-Assets
![[IRAS] Singapore Enhances International Tax Cooperation through Automatic Exchange of Information on Crypto-Assets](https://web3accountant.online/wp-content/uploads/2024/12/下载.png)
1. On 26 November 2024, Singapore, with 60 other jurisdictions at the 17th Global Forum Plenary Meeting in Asunción, Paraguay, committed to the implementation of the Crypto-Asset Reporting Framework (“CARF”). Under the Global Forum’s CARF Commitment Process, Singapore has been identified as one of the 52 jurisdictions relevant to the CARF in 2024 and is expected… Read more
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[BEOSIN] A PRACTICAL GUIDELINE TO AML/CFT COMPLIANCE FOR VASPS IN DUBAI
![[BEOSIN] A PRACTICAL GUIDELINE TO AML/CFT COMPLIANCE FOR VASPS IN DUBAI](https://web3accountant.online/wp-content/uploads/2024/12/下载.jpg)
VARA issued the Virtual Assets and Related Activities Regulations 2023 (the Regulations) on 7 February 2023, an all-encompassing virtual asset regulatory framework applicable to all Virtual Asset Service Providers (VASPs) in Dubai but excluding the DIFC. Ever since then, 22 VASPs have got the licenses and the number is still growing rapidly. This achievement is… Read more
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[ISCA] Crypto-Asset Reporting Framework (CARF)
![[ISCA] Crypto-Asset Reporting Framework (CARF)](https://web3accountant.online/wp-content/uploads/2024/09/下载-2.png)
The Crypto-Asset Reporting Framework (CARF) is a key component of the International Standards for Automatic Exchange of Information in Tax Matters developed by OECD (Organisation for Economic Co-operation and Development) under a G20 mandate. It provides for the automatic exchange of tax-relevant information on crypto-assets and comes against the backdrop of the rapid adoption of the use… Read more
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[Global Fintech INSTITUTE] Major Regulatory Challenges for the DigitalAssets Industry in the Asia-Pacific Region
![[Global Fintech INSTITUTE] Major Regulatory Challenges for the DigitalAssets Industry in the Asia-Pacific Region](https://web3accountant.online/wp-content/uploads/2024/11/下载-3.png)
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[GLI] Blockchain & Cryptocurrency Regulation-United Kingdom
![[GLI] Blockchain & Cryptocurrency Regulation-United Kingdom](https://web3accountant.online/wp-content/uploads/2024/11/下载.png)
The regulation of cryptoassets in the UK has developed alongside the evolution of the technology itself. In 2018, the Cryptoassets Taskforce brought together HM Treasury (HMT), the Financial Conduct Authority (the FCA) and the Bank of England (the BoE) to coordinate the UK’s approach to regulating cryptoassets and distributed ledger technology (DLT) as it relates… Read more
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[International Monetary Fund] Implications of Central Bank Digital Currency for Monetary Operations
![[International Monetary Fund] Implications of Central Bank Digital Currency for Monetary Operations](https://web3accountant.online/wp-content/uploads/2024/10/下载-2-2.png)
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[ICAEW] CONSIDERATIONS FOR AUDITING CRYPTOCURRENCIES
![[ICAEW] CONSIDERATIONS FOR AUDITING CRYPTOCURRENCIES](https://web3accountant.online/wp-content/uploads/2024/10/images1.jpg)
Reporting virtual asset transactions entails the following procedures: Companies that keep cryptocurrencies on behalf of others, as well as their own, need to have in place processes and controls to: Auditors obtain an understanding of management’s process for pricing cryptocurrencies to evaluate whether accounting and disclosure requirements are ‘appropriate and consistent with the applicable financial… Read more
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[MAS etc.] INTER-MINISTERIAL COMMITTEE ON ANTI-MONEY LAUNDERING
![[MAS etc.] INTER-MINISTERIAL COMMITTEE ON ANTI-MONEY LAUNDERING](https://web3accountant.online/wp-content/uploads/2024/08/mas_logo_corporate-branding_square_01.jpg)
The IMC is strengthening the three key pillars of Singapore’s AML framework: Prevent, Detect, Enforce. PROACTIVE PREVENTION Strengthen AML standards for gatekeepers Further support gatekeepers to enhance capabilities to combat money laundering Engage non-regulated sectors to enhance their understanding of ML risks Strengthen mechanisms to deter misuse of companies TIMELY DETECTION Strengthen sensemaking and information-sharing… Read more
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[DFSA] Regulation of Crypto Tokens
![[DFSA] Regulation of Crypto Tokens](https://web3accountant.online/wp-content/uploads/2024/10/下载-3.png)
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[pwc] QFC Digital Asset Regulations 2024
![[pwc] QFC Digital Asset Regulations 2024](https://web3accountant.online/wp-content/uploads/2024/10/下载.png)
The Qatar Financial Centre (QFC) has introduced new regulations for digital assets, effective from September 1, 2024. These regulations aim to establish a comprehensive framework for token-based activities within the QFC. QFC has defined a broad scope for the new regulations, focusing on permitted tokens and token services providers: QFC has defined clear rules for… Read more