PYMNTS

JUNE 14, 2017

The ranking suggests Turkey is the most difficult market for companies to remain compliant , researchers explained, attributing its ranking to the demand that reporting is done in the Turkish language and the Turkish currency. There are also an “extremely high number” of tax rules.

Regulatory Compliance

The Fintech Times

APRIL 25, 2024

Increasingly, tax authorities are demanding access to real-time or near real-time reporting and tax data, for visibility on exactly what is being sold, what taxes should be paid, and ultimately, if businesses are abiding by the correct rules and regulations. The result? Continuous transaction controls (CTCs).

Continuity

The Fintech Times

SEPTEMBER 4, 2024

This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer. Regulatory rules are constantly changing, with new ones being introduced at a rapid rate. .

Compliance

PYMNTS

MAY 1, 2018

Companies will have to adhere to Single Touch Payroll (STP) rules that require reporting of payroll payments, PAYG (pay as you go) and superannuation to the ATO. Employers need to conduct a headcount immediately to see if they’re subject to new STP reporting requirements,” he told the publication.

Payroll

FloQast

DECEMBER 13, 2023

To protect investors by improving the accuracy and reliability of corporate financial reporting, Michael Oxley, Representative for Ohio’s 4th congressional district, quickly introduced a bill to the House less than two weeks later on February 14.

Compliance

Nanonets

FEBRUARY 9, 2024

In this case, the referee (actual control measures and checks) uses the playbook (company procedures built on accepted accounting principles) to manage the game (financial reporting). And, just as the rules vary between soccer and basketball, your referee's rules depend on your specific business. What is an ICFR Audit?

Audit

FICO

OCTOBER 26, 2017

As a result, financial institutions had to set up new processes, and most of the software vendors did not enhance their FATCA compliance solutions to cover the CRS reporting requirements. Same Goal, Different Rules for FATCA/CRS Compliance. This process has to be audit-proof. Life did not get easier. all CRS countries).

Compliance

FloQast

OCTOBER 27, 2023

Changing nature of business : Because of the changing nature of business and the business environment, compliance officers deal with more complex supply and distribution channels, increasing sophistication of fraud, and a complex labyrinth of laws and reporting requirements. The post What is Compliance Management?

Compliance

Nanonets

SEPTEMBER 21, 2023

Preventing and detecting fraudulent activities requires implementing internal controls and monitoring processes. Regular audits and reconciliations can also help identify any discrepancies and fraudulent transactions. When it comes to accounting, businesses must navigate a complex web of regulations and reporting requirements.

Accounts

PYMNTS

FEBRUARY 14, 2019

Along with regulatory action from tax reform and tougher Know Your Customer (KYC) rules adding the pressure of complex red tape, public companies need to add one more compliance concern to their list: changes to accounting standards by the Financial Accounting Standards Board (FASB). “In many ways, they are.”

Agreements

PYMNTS

SEPTEMBER 5, 2019

The Supreme Court ruled during 1992’s Quill Corp. North Dakota case that businesses must have physical, in-state presences to be subject to state sales tax requirements. ruling and returned the Wayfair decision to the South Dakota Supreme Court. Businesses that are noncompliant risk facing audits and expensive fees.

Laws

Nanonets

AUGUST 1, 2023

Data Validation and Verification: The extracted data is validated against predefined rules and matched with corresponding purchase orders and receipts to ensure accuracy and consistency. This audit trail serves as a record for compliance purposes, internal audits, and reporting requirements.

Automation

EBizCharge

SEPTEMBER 6, 2024

Data processing: Once inputted into the system, data is automatically processed according to the predefined accounting rules and policies. These reports offer real-time insights and are crucial for financial management, performance tracking, and strategic planning.

Accounts

Basis Theory

OCTOBER 1, 2024

So, while you may not need PCI Level 1 compliance, understanding the different levels of PCI compliance and the 12 PCI requirements will certainly help. PCI Levels allow organizations to understand and determine their reporting requirements when processing credit card payments. Return to Top Who needs to be PCI compliant?

PCI DSS

Nanonets

APRIL 2, 2024

Updating Internal Records and Bank Statement: Ensuring internal records align with the reconciled figures, facilitating accurate financial reporting, audit compliance, cash flow management, and fraud detection.   This segregation of duties helps mitigate the risk of errors or fraudulent activities going undetected.

Reconciliation

Nanonets

JANUARY 17, 2024

Now, you might be thinking, "We've got this covered with our trusty spreadsheets and quarterly audits." Maintaining a thorough and easily accessible audit trail is essential for compliance and transparency. Audits aren't just about compliance; they are about ensuring the integrity of financial reporting.

Payment APIs and Integration

Nanonets

SEPTEMBER 23, 2023

Encumbrance Accounting in Different Sectors Encumbrance accounting is utilized differently in government, public sector, and non-profit organizations, with unique requirements and regulations to ensure transparent financial management. Non-profit organizations rely on encumbrance accounting to manage their restricted funds effectively.

Accounts

Nanonets

AUGUST 2, 2023

Some exemptions may also require additional documentation or reporting requirements. Legal action: Non-compliance with EEI filing requirements can lead to legal action being taken against the exporter. Regular training and audits can help ensure that your business remains compliant. These may include: 1.

Automation

Nanonets

MAY 7, 2024

This may include regular review and validation of financial transactions, segregation of duties, approval workflows, and periodic audits. Nanonets allows you to customise expense reconciliation workflow s according to your specific business requirements and preferences.

Reconciliation

Neopay

APRIL 14, 2025

The interim rules aim to enhance firms’ adherence to existing safeguarding obligations. This includes stricter record-keeping, more robust reporting requirements, and a requirement for an independent safeguarding audit. Apart from the regulatory changes, businesses are still subject to safeguarding audits.

Due Diligence

FloQast

MARCH 10, 2025

Compliance requirements: The IPO process typically increases a companys regulatory compliance burden, and includes new transparency and reporting requirements. Understanding the IPO process from end-to-end is a foundation for success. Find out how FloQast can help your team deliver IPO success: get in touch today.

Underwriting

The Payments Association

APRIL 14, 2025

Across the UK, EU, and international markets, new rules are recasting expectations around security, transparency, and accountabilityimpacting not only compliance obligations but how firms design services, manage risk, and deliver value to customers. The payments landscape is entering a defining phase of regulatory transformation.

Regulations

The Fintech Times

MAY 30, 2025

Once the rules in the contract are met, the contract runs itself, automatically with no lawyers, no emails, and no chasing people down. These ‘if this, then that’ rules are written into code. They check the rules instantly, verify data and trigger payments automatically. That makes it hard to audit and trust.

Regulations

Nanonets

APRIL 7, 2025

Regulatory data extraction manages compliance documentation, quality metrics, and reporting requirements for healthcare governing bodies. Regular audits and continuous improvement processes are essential to ensure the tool's accuracy and reliability over time.

Automation