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Anti-money laundering and accounting: 2024 predictions

Accounting Insight

But what will changes in regulation mean for the accounting industry in the coming year? Regulatory consolidation There are currently 22 supervisory bodies that oversee the accountancy and legal sectors and are responsible for ensuring anti-money laundering (AML) compliance.

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Proposed UK Bill Aims To Crack Down On Late Payments

PYMNTS

The Association of Accounting Technicians (AAT) is in the midst of a campaign to fight the problem, with three changes. Polling by YouGov in 2019 showed that 73 percent of MPs are behind the proposed regulations. In 2019 , Philip Hammond, the chancellor of the Exchequer, also spoke about the issues. businesses each year.

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Suppliers’ Late Payments Woes Expand Across Borders

PYMNTS

too, continues its own late payments fight, with the Association of Accounting Technicians recently describing the government’s own efforts to combat late payments in the construction sector as “insufficient.” Closes In On Construction.

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Friday Footnotes: Fired Accountant Spills the Dirty Laundry; Scandals of Yore; Gen AI For Good | 1.26.24

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. Indeed, trust is not built on mitigating risks alone. million from the federal government.