Legislation

House Committee Approves Measures to Combat Tax Refund Check Theft
Regulatory & Compliance House Committee Approves Measures to Combat Tax Refund Check Theft

The rising incidence of IRS tax refund check theft has spurred the House Ways and Means Committee into action, advancing a suite of legislative measures aimed at protecting taxpayers and improving the overall efficiency of the tax system. This bipartisan initiative underscores a collective

February 21, 2025
ABCUL Proposes Reforms to Boost Growth of UK Credit Unions
Lending & Investment ABCUL Proposes Reforms to Boost Growth of UK Credit Unions

An ambitious proposal put forth by the national trade association ABCUL aims to significantly reshape the credit union common bond framework, emphasizing the importance of targeted modifications to sustain and expand the credit union sector in the UK. Recent trends highlight a decline in the number

February 17, 2025
Can Open Banking Technology Transform New Zealand's Tax Payments?
Trends & Innovation Can Open Banking Technology Transform New Zealand's Tax Payments?

New Zealand's Inland Revenue Department (IR) is taking a significant step towards modernizing its payment processes by exploring the potential of open banking technologies. On February 10, IR published a request-for-information (RFI) to invite private-sector suppliers to contribute their

February 14, 2025
Sri Lanka Urgently Implements AML/CFT Reforms to Avoid FATF Grey List
Regulatory & Compliance Sri Lanka Urgently Implements AML/CFT Reforms to Avoid FATF Grey List

Sri Lanka faces a challenging situation as it strives to avoid being placed on the Financial Action Task Force (FATF) grey list, a designation indicating a high risk of money laundering and terrorist financing activities. The urgency of the matter was underscored in a high-stakes meeting involving

February 13, 2025
New York Legislators Focus on Equity and Health in 2025 Session
Regulatory & Compliance New York Legislators Focus on Equity and Health in 2025 Session

The 2025 legislative session in New York State is set to begin on January 8th, and local state representatives are gearing up with plans to address a variety of pressing social and economic issues. With the re-election of Trump adding to the political landscape, New York legislators are tasked with

February 12, 2025
Will the UK Lead Fintech with AI, Stablecoins, and Fraud Prevention by 2025?
Regulatory & Compliance Will the UK Lead Fintech with AI, Stablecoins, and Fraud Prevention by 2025?

The fintech landscape in the UK is poised for significant transformation by 2025, driven by advancements in AI, stablecoins, and robust fraud prevention measures. As the country navigates these changes, it aims to maintain its leadership position in the global fintech arena. This article explores

February 6, 2025
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