Audit Triggers: Patterns That Draw Regulatory Attention
An audit can be unsettling, but being selected for review does not necessarily mean a taxpayer has done something wrong. The Internal Revenue Service uses several methods to identify returns for examination, including computerized screening, random…
Customer Due Diligence In Italy: Why Standard KYC Is Not Enough
Businesses entering the Italian market often assume that their existing know-your-customer procedures will satisfy local anti-money laundering requirements. In practice, Italy’s customer due diligence obligations go considerably further than what most…