News, standards updates and audit guidance for crypto-accounting teams, covering reporting, compliance and regulatory developments.
Dutch regulator AFM finds accountants aware but weak in sanction risk controls, highlighting the need for robust crypto compliance tools.
AFM report highlights that while accountants are aware of sanctions risks, their control systems need improvement, with implications for crypto accounting firms.
Sanctions screening requires crypto accounting software to track pre- and post-designation exposure for compliance.
DORA's ICT risk management requirements create new obligations for crypto trading platforms, which in turn affect the data and processes that crypto accounting software must handle.
The EBA's early consultation on simplified EU wallet rules signals a shift toward lighter regulation for certain crypto wallets, which will affect how accounting firms advise clients on compliance and reporting.
AFM's PEP client due diligence findings highlight the need for crypto accounting software to automate risk-based approaches and maintain audit trails.
FINMA's updated AML guidance emphasizes the need for robust risk analysis; crypto accounting software can automate compliance tracking and reporting.
BVI FSC consultative documents signal upcoming regulatory changes; crypto accounting software will be key for firms to adapt.
The BVI FSC library serves as a central resource for regulatory publications, and crypto accounting software is essential for firms to implement these requirements.
BVI FSC industry updates signal increasing regulatory scrutiny; crypto accounting software becomes essential for compliance.
Singapore's MAS transitional regulations for payment services create compliance obligations for crypto firms, requiring robust accounting and reporting systems.
Dutch firms can leverage crypto accounting software to integrate AMLA reporting into existing AFM questionnaires, reducing compliance burden.
Dutch AFM's new anti-discrimination guidance for banks has indirect implications for crypto businesses that rely on banking services, highlighting the need for transparent crypto accounting software to facilitate fair risk assessment.
Swiss AML revision requires crypto firms to strengthen KYC and transaction monitoring; crypto accounting software can automate compliance.
The AFM DSI convenant on professional competence for investment professionals in the Netherlands underscores the need for robust compliance tools, including crypto accounting software, to demonstrate adherence to European regulations.
A practical explainer for EU accounting firms on what MiCA compliance means for their crypto-active clients, the record-keeping and reporting obligations it creates, and how advisory services can be structured around those requirements.
