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CreditorWatch Blog

KYC and AML Compliance in a Nutshell

KYC and AML Compliance in a Nutshell

Reading Time: 3 minutes Understanding KYC and AML The advancements of our digital era have made it easier to connect businesses and consumers around the world. While technology has increased economic activity, it has also increased the risk associated with doing business. Large organisations, particularly those in the finance industry, should be familiar with AUSTRAC’s Anti-Money Laundering/ Counter-Terrorism Financing […]

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PPSR Series Part 1: The Lowdown on PPSR

PPSR Series Part 1: The Lowdown on PPSR

Reading Time: 2 minutes What is PPSR? CreditorWatch has recently launched its latest product – the ability to create and manage PPSR registrations. Did you know that PPSR is a vital component of doing business in Australia? The PPSR (Personal Property Securities Register) came into existence in 2012 as a result of the PPSA (Personal Property Securities Act 2009). […]

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Missed opportunities for SMBs that go it alone at tax time

Missed opportunities for SMBs that go it alone at tax time

Reading Time: 3 minutes Many of Australia’s small businesses might be missing out on potentially valuable tax deductions by not consulting with a financial expert, according to research highlighted by finance and tax software developer Intuit.  Conducted with Galaxy Research, the study involved a survey of 400 small business owners in May, this year. The researchers found that, as the countdown to EOFY […]

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ATO announces 3-month compliance operation

ATO announces 3-month compliance operation

Reading Time: < 1 minute The Australian Tax Office (ATO) will be targeting up to 90,000 small businesses over the next three months as part of a major compliance operation. The ATO will be obtaining details from 11 financial institutions including American Express, Commonwealth Bank and ANZ for credit card payments received by small business for the 2014-15 financial year. […]

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