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KPMG has become embroiled in a major controversy as its Australian business faces allegations involving the misuse of confidential information and breaches of auditor independence rules, with a parliamentary hearing on the matter scheduled to take place later this month. The accusations are said to relate to a period that largely coincided with the tax leaks scandal involving rival firm PwC, which ultimately resulted in the consultancy being prohibited from undertaking work f

The Financial Crimes Enforcement Network (FinCEN) has unveiled an extensive new set of regulations aimed at enhancing the reporting and detection of illicit financial activities throughout the United States. This major regulatory overhaul establishes clear incentives and legal protections for individuals who submit original information that leads to successful enforcement actions by the Department of the Treasury. Federal officials intend for these measures to close persisten