The comprehensive guide to Form 1042-S and US Source Income Reporting
Form 1042-S is an essential instrument in the U.S. tax system, serving as an annual tax return for withholding agents who manage, control, or pay certain types of income to foreign persons.
2025 compliance outlook: Embracing AI and global regulatory shifts
As 2024 draws to a close, the financial services sector is gearing up for a dynamic compliance landscape in the coming year.
Why identity proofing is essential for modern security compliance
Identity proofing is a critical process that verifies the authenticity of individuals' identities against official records, aiming to curb fraud and boost security across various sectors, including banking, healthcare, and government services.
FCA unveils AI Lab to foster collaboration and innovation in FinTech
The FCA has launched a new AI Lab as part of its commitment to supporting the integration of artificial intelligence in the financial sector.
Volkswagen Finance hit with £5.4m FCA fine for mishandling customer hardships
In a significant regulatory action, Volkswagen Finance, has been fined £5.4m by the FCA for not treating customers in financial difficulty fairly.
Nasdaq’s AI integration streamlines risk management for banks and insurers
Nasdaq has unveiled an machine learning methodology designed to revolutionize risk calculations and predictive analytics in the financial industry.
How Red Oak is revolutionising compliance with AI-driven solutions
Artificial Intelligence (AI) is revolutionising various industries by offering technologies that enhance speed, quality, and efficiency.
Cyera expands AI data security reach with $162m acquisition of Trail Security
Cyera, an AI-powered data security firm, has completed the acquisition of Trail Security, a data loss prevention firm, for $162m.
Unlocking AML capabilities: How graph databases revolutionise financial crime detection
Graph databases and network analysis have become pivotal in the field of Anti-Money Laundering (AML), offering a sophisticated approach to understanding and disrupting financial...
Why DevSecOps is essential for securing Agile and DevOps environments
Security remains a critical concern within the software industry. Since 2000, a staggering number of individuals—over 3.5 billion—have had their personal data compromised due to security breaches. The complexity and breadth of software applications today only widen the potential for vulnerabilities, highlighting the urgency for robust security measures.