Latest news from TISCreport
Published on: 8 July 2022
The new £25M Public Sector Fraud Authority was due to be launched on the 7th July but was cancelled following updates to the authority's powers by the Treasury. It was originally announced on the 28th April, to comprise of an elite fraud "squad".
Published on: 1 June 2022
Madrid, 1 June 2022 – Under the EU’s Open Data Directive, company registration and ownership information should be available as open data. In a surprise move, the European Commission is now proposing, via a long-overdue Implementing Regulation, that the names of the owners of companies will not be made available for free. As a result, SMEs, businesses, academia, journalists and CSOs will not get access to information that is vital in due diligence, innovation and preventing corruption, money laundering and terrorist financing.
Published on: 18 May 2022
With the renewed interest in sanctions data from smaller, unregulated companies, the Office of Financial Sanctions Implementation has had to delay their XML feed. This will have impacts on all those using the data sets to meet their legal obligations via third party systems..
Published on: 3 March 2022
Veteran Russian watcher Fiona Hill said in an interview when asked if we were on the brink of a World War III, "We’re already in it. We have been for some time". Stark words but if companies play their parts now, there is hope. Hill called for a temporary suspension of business activity with Russia and said that all companies needed to make a decision. We think that decision needs to be made now..