Cryptocurrency and money laundering: why understanding fraud is critical

Background Cryptocurrencies can make it easier for fraudsters to obscure the source of criminal proceeds and are increasingly becoming the preferred currency of cybercriminals, from purchasing illicit goods using Bitcoin as a payment method to ransomware attacks where payments by Bitcoin are demanded. This trend is more prevalent because cryptocurrency offers a combination of anonymity,…

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Going public via SPAC: what you need to know

Special-purpose acquisition companies (SPACs) have existed for many years but recently surged in popularity. In Baker Tilly’s session at the Workiva Amplify 2021 virtual conference, our specialists explore the differences between a SPAC and a traditional initial public offering (IPO), and discuss what risks organizations must consider before going public via a SPAC. After watching…

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2022 investment management outlook: Positioning for a greater impact

In 2021, the investment management industry fared well despite the pandemic-driven market volatility. While the overall outlook looks promising as we head into 2022, uncertainty around potential COVID-19 variants remains. This, along with a host of other factors, will likely continue to test investment management leaders as they strategize for the future and come up…

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How internal controls can add business value

Internal controls have traditionally been viewed as a requirement to avoid regulatory, legal and external audit/examination consequences. Rarely are they seen as a strategy for building business value and consumer confidence. Yet, in virtually every industry, internal controls are becoming an important competitive differentiator. They are being elevated from a necessary evil to a valuable…

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Cryptocurrency’s mainstream boom increases BSA/AML risks

Driven by the global pandemic and shifts in the financial services industry, cryptocurrencies and digital payments are becoming increasingly mainstream. Rising interest in cryptocurrencies and uncertainty related to the traditional financial markets have piqued the interest of institutional investors and retail consumers alike. Some investors also view cryptocurrency as an anti-inflationary growth asset that can…

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Proposed tax legislation targets asset management

Democrats are in the midst of negotiating a sweeping tax and spending bill and are considering a bevy of tax proposals aimed specifically at asset management. The provisions could have a dramatic impact on hedge funds, private equity funds, mutual funds, exchange traded funds, real estate investment trusts, business development companies and other investment structures.…

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Private financial markets: The Road to Next

The burgeoning enterprise software segment of the expansion-stage ecosystem has rarely experienced such an acceleration of investment, leading to important considerations for many companies. As digitization spreads throughout the vast ecosystem of private and public companies, it is taking many different forms across sectors and market segments.

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Deloitte’s 2021 Global Blockchain Survey

A new age of digital assets Blockchain and digital assets could remake the financial services industry, and that affects everyone who uses money. Deloitte’s Linda Pawczuk and Richard Walker share the insights gleaned from a survey of global industry leaders. ACCESS THE PODCAST HERE

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Eurozone -Challenges on the path to recovery

By Dr. Alexander Boersch, Deloitte The Eurozone economy grew rapidly in the second quarter, but supply chain shortages and inflation could stymie future growth. The Eurozone saw an acceleration in economic growth in the second quarter, driven by private consumption. However, business activity grew at a markedly reduced rate in September. This partly reflects the…

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Delta, Shortages Bite in 3Q

By Diane Swonk, chief economist, Grant Thornton The economy rose at a 2% pace in the third quarter, a figure that would have been considered good pre-pandemic but marks a sharp slowdown from the 6.7% pace of the second quarter. The Delta variant flared, cases surged and supply chain bottlenecks worsened. Consumer spending was hit…

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