The IRS Criminal Investigation Division has released its Fiscal Year 2024 report, revealing significant focus on financial crimes, particularly involving cryptocurrency. Notably, a U.S. taxpayer has pled guilty to tax evasion related to crypto sales, and Binance, the largest cryptocurrency exchange, has entered a historic $4 billion settlement for failing to prevent money laundering. The ...
AUSTRAC, Australia’s financial watchdog, has launched a task force focused on monitoring cryptocurrency ATM providers to ensure compliance with anti-money laundering laws. With an increase in scams and money laundering linked to crypto, AUSTRAC aims to enforce strict measures for the 1,200 operating crypto ATMs, making sure these machines are not used for illegal activities. ...
The Czech Republic has approved a new amendment that allows individuals to exempt certain income from cryptocurrency transfers from personal taxation, starting January 1, 2025. To qualify for this exemption, individuals must ensure their gross annual income from crypto transactions does not exceed CZK 100,000 and that they hold the digital assets for more than ...
Last week, Ars Technica hosted an engaging event at the International Spy Museum in Washington, D.C., focusing on artificial intelligence, infrastructure, and compliance in business. The venue was filled with eager attendees ready to learn from industry experts, including Ars Editor-in-Chief Ken Fisher, who emphasized the growing role of generative AI in various business sectors. ...
 "India’s GST Surges to Rs 1.75 Trillion Amid Festival Demand and Compliance")
In August, India reported a Goods and Services Tax (GST) collection of Rs 1.75 trillion, marking a 10 percent increase compared to last year. This growth is attributed to stronger consumer spending as the festive season approaches, along with enhanced GST audits and investigations that have improved compliance. Domestic collections rose by 9.2 percent, while ...
