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Bitcoin Daily: UK Tax Agency Defines Crypto As Commodities; Crypto Exchange Bittrex Sued For SIM Card Bitcoin Theft

PYMNTS

s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities. That means that companies that participate in trading exchange tokens must make tax payments.

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Brexit And Beyond: Crossing The International eCommerce Tax Rubicon

PYMNTS

But along the way, global digital sales also carry a host of regulatory hurdles when it comes to satisfying various tax regimes. When [eCommerce companies] can’t get through the language barrier, the outcome is large-scale tax evasion, whether through ignorance, or whether through deliberate actions across the world.”.

Taxes 123
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Understanding 1st-party fraud: Risks and resolutions

Abrigo

Recognizing the gravity of the situation, the Financial Crimes Enforcement Network (FinCEN) identified fraud as a national priority. 1st-party debit or credit card fraud : Card fraud causes financial institutions significant monetary losses. It's no longer a discretionary measure but an imperative one.

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Deep Dive: Digital ID Developments From Around The World

PYMNTS

A wide range of biometric solutions are being used to develop national identification systems around the world. The following Deep Dive examines the potential use cases for biometrics in national identification systems and the security pitfalls they could encounter. . Giving travel documents a biometric boost . A reported 3.6

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Credit Card Review :Signature Card from BRAC Bank Ltd.

FluentBanking

Credit cards become so popular these days in our country. But, if you are at the planning stage of applying for a credit card our reviews can help in your decision-making process. is one of the dominant credit card service providers in our country. is one of the dominant credit card service providers in our country.

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What to Do If You?re Claimed Wrongly as a Dependent on Someone Else?s Tax Return

MyBankTracker

Being claimed as a dependent on someone else’s tax return or claiming a dependent on your tax return can have a direct impact on the amount of your tax refund or the amount you owe. Two tax returns can’t both claim the same dependent even if they have different filing statuses. This could be identity theft.

Taxes 52
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FinCEN’s AML/CFT Priorities: A risk assessment perspective

Abrigo

That means it’s essential to ensure that awareness of risk and coordination efforts to reduce risk are documented within your institution’s AML/CFT risk assessment. If your institution has additional mitigation procedures laid out in other documents, be sure to include those policies and procedures in your risk assessment.

Fraud 195