Since 2012, European banks have paid more than $16 billion in fines tied to laundering, trade-sanction breaches and ‘weak controls’. Let’s look in more detail at the behaviours that have featured in some of the most recent money laundering scandals and what they can teach us about protecting an institution from dirty money.

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Are you aware how the implementation of IFRS 16 impacts the gearing ratio of companies? 

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Analysts beware because change is coming to what EBITDA does for you analysis-wise, all thanks to the introduction of IFRS 16!

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We keep hearing about money laundering ‘hotspots’ in the news and it’s clear this signals danger ahead. But what exactly does a country have to do to win itself this questionable title? We look at three cases to help us make sense of this.

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Although a necessary activity for all managers, forecasting cost is not easy, and getting it wrong could lead to liquidity problems as well as volatility in earnings for the shareholders. This is where operating gearing comes in: the higher the operating gearing the higher this risk is! And it is good to know how this is calculated so you can sense this for yourself. 

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As opposed to life before IFRS 16 where you had to decide whether a contract should be classified as an Operating Lease or a Finance Lease, no judgement is needed now!

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The connections between terrorist financing, money laundering and violence against women are significant. So this Women’s Day, we look at how conducting your regular due diligence with new clients can help in the global fight against human trafficking and modern slavery. This also helps in fighting violence against women more generally.

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It’s more than self-directed learning or ‘learning on the job’ – this is about self-directed development with the professional firmly in control. Our latest innovation – my Helpline – is our boldest step forward towards skills provision that truly empowers every professional to be their best self at work.

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Audit methodology is something that auditors are extremely proud of. And yet, collapsing companies, like Patisserie Valerie most recently, are to be found everywhere. And seemingly surprised auditors follow them.

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Do you sometimes find yourself wondering why money launderers go to all the effort of setting up companies, fashioning obscure money trails and operating across borders with various corporate service providers, lawyers and accountants? Here are three ways in which company formation helps money launderers.

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