News, standards updates and audit guidance for crypto-accounting teams, covering reporting, compliance and regulatory developments.
Switzerland and Croatia have signed a DTA amendment implementing OECD minimum standards on treaty abuse and automatic information exchange, with parliament ratification still pending in both countries.
Switzerland and Belgium sign a protocol amending their bilateral double taxation agreement: what accounting firms and CFOs with cross-border CH-BE exposure need to track before ratification.
FINMA revokes a Swiss fund manager's licence and blocks a portfolio manager's authorisation after uncovering undisclosed conflicts of interest and client suitability failures, confiscating over CHF 3 million in illegal commissions
FINMA's updated Sudan sanctions increase compliance obligations for crypto firms; crypto accounting software is essential for automated screening and audit trails.
FINMA's updated AML guidance emphasizes the need for robust risk analysis; crypto accounting software can automate compliance tracking and reporting.
FINMA's new guidance on portfolio management risks underscores the need for robust crypto sub-ledger software to ensure accurate reporting and compliance.
FINMA enforcement action underscores the need for robust crypto accounting software to ensure compliance and avoid industry bans.
FINMA's appointment of a new head for recovery and resolution signals increased regulatory scrutiny, prompting crypto firms to adopt robust crypto accounting software for compliance.
FINMA's new ordinance on risk diversification will require banks and securities firms to update their crypto asset reporting, creating new compliance demands for accountants and auditors.
Swiss AML revision requires crypto firms to strengthen KYC and transaction monitoring; crypto accounting software can automate compliance.
FINMA's updated Taliban sanctions list reinforces the need for automated compliance tools in crypto accounting to screen transactions and counterparties.
