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No Accounting for Taste ep200: FCA will become the AML supervisor

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Manage episode 516672895 series 1257443
Content provided by AccountingWEBUK. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by AccountingWEBUK or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
The AccountingWEB team celebrates the 200th podcast episode by looking back in time at some notable moments and reflecting on the first episode. Matthew Ord takes a look at the Financial Conduct Authority’s (FCA) new role as anti-money laundering (AML) and counter-terrorism financing (CTF) supervisor for all accountancy and legal firms. He recalls his chat with AML expert David Winch, who warned it won’t be a light-touch regime. Ord explores why the move has frustrated supervisory bodies and whether the FCA really understands the profession. Tom Herbert turns to Making Tax Digital (MTD) and the part that banks are starting to play. With 840,000 taxpayers not yet using commercial software, Herbert talks about which banks have made their MTD move, his concerns about this approach and how he sees it all playing out. Back from the US, Richard Hattersley shares his experience at NetSuite’s SuiteWorld where AI was the topic of conversation. The team unpacks the launch of NetSuite Next and the push toward the “autonomous close”, asking whether finance teams are ready for AI.
  continue reading

318 episodes

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Manage episode 516672895 series 1257443
Content provided by AccountingWEBUK. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by AccountingWEBUK or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
The AccountingWEB team celebrates the 200th podcast episode by looking back in time at some notable moments and reflecting on the first episode. Matthew Ord takes a look at the Financial Conduct Authority’s (FCA) new role as anti-money laundering (AML) and counter-terrorism financing (CTF) supervisor for all accountancy and legal firms. He recalls his chat with AML expert David Winch, who warned it won’t be a light-touch regime. Ord explores why the move has frustrated supervisory bodies and whether the FCA really understands the profession. Tom Herbert turns to Making Tax Digital (MTD) and the part that banks are starting to play. With 840,000 taxpayers not yet using commercial software, Herbert talks about which banks have made their MTD move, his concerns about this approach and how he sees it all playing out. Back from the US, Richard Hattersley shares his experience at NetSuite’s SuiteWorld where AI was the topic of conversation. The team unpacks the launch of NetSuite Next and the push toward the “autonomous close”, asking whether finance teams are ready for AI.
  continue reading

318 episodes

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