An overview of our press this month
Anita Clifford was quoted in City AM on 19 April 2021 on news that Pirc, a shareholder consultancy, has recommended the blacklisting of certain UK audit firms. Anita described the move as an influential development and discussed wider audit reform developments. https://www.cityam.com/blacklist-audit-firms-for-fraud-failures-urges-pirc/
Rachel Clark has been published in Accountancy Daily, commenting on whether new VAT rules for online marketplaces may increase, rather than combat, fraud. https://www.accountancydaily.co/vat-and-online-marketplaces-will-recent-changes-combat-fraud
She has also been published in HMRC Enquiries, Investigations & Powers E-magazine, highlighting the hefty sanctions for those who fail to keep up with their regulatory obligations to watch out for money laundering — the ‘gatekeepers’. https://taxinvestigation.co/new/aml-and-the-role-of-the-gatekeeper/
Anita Clifford commented in City AM on 26 April 2021 on NatWest’s decision to no longer deal with customers that accept crypto payments, querying the consistency of the decision with the regulatory landscape. https://www.cityam.com/natwests-refusal-to-jump-on-the-crypto-bandwagon-out-of-step-in-financial-services-space/
In STEP Journal Plus, Rachel Clark explored what the future may hold for Unexplained Wealth Orders. https://www.step.org/step-journal-plus/step-journal/explaining-unexplained-wealth-orders (Paywall)
