Articles with tag like: HMRC

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Ecospend secures GBP 3 mln Open Banking contract with HMRC

News | Online & Mobile Banking | 05 Feb 2021

HM Revenue and Customs has announced that Open Banking provider Ecospend was chosen to build-out its next-gen payments infrastructure, according to AltFi.

UK, Ecospend, Open Banking, HMRC, HM Revenue and Customs, payments infrastructure, account to account payment, open banking payment, AISP, PISP

HMRC names companies fined almost GBP 24 mln for not complying to AML laws

News | Digital Identity, Security & Online Fraud | 18 Jan 2021

HM Revenue and Customs has named businesses that have been fined more than GBP 23.8 million for breaking money laundering laws, as to discourage these activities to continue.

HMRC, AML, money laundering, UK, regulations, money schemes

MT Global penalised with USD 32 mln over anti-money laundering failures

News | Digital Identity, Security & Online Fraud | 08 Jan 2021

Britain’s tax authority has fined MT Global, a private money services business, with USD 32.4 million for significant breaches of anti-money laundering regulations.

MT Global, AML, fine, financial crime, UK, Majesty’s Revenue and Customs, HMRC, due diligence, record keeping, payments

FXPress to acquire Avila House

News | Online & Mobile Banking | 20 Aug 2020

Fintech FXPress has announced it will aquire Avila House, which is subject to regulatory approval.

fintech, FXPress, Avila House, Transfer, regulatory, UK, Financial Conduct Authority, FCA, HMRC, payments, IBAN, Forex

Countingup fintech secures GDP 4 mln from ING

News | Online & Mobile Banking | 07 May 2020

UK-based financial platform Countingup has raised GDP 4 million from ING to accelerate banking and accounting for small businesses.

Countingup, ING, banking, small businesses, Accountant Hub, SME, HMRC, Making Tax Digital, MTD

British Tax Authority releases crypto guidance for businesses and enterprises

News | Cryptocurrencies | 05 Nov 2019

Her Majesty’s Revenue & Customs (HMRC) has issued guidance for businesses and enterprises for crypto asset exchange tokens following up a year-old promise, according to CoinDesk.

HMRC, crypto asset exchange, tokens, mining, Bitcoin, tax laws, cryptocurrency

British MPs warn Amazon and eBay about VAT fraudsters

News | Digital Identity, Security & Online Fraud | 20 Oct 2017

British MPs in the Public Accounts Committee have released a report that finds Amazon and eBay profiting from sellers who defraud UK taxpayers by failing to charge VAT.

MP, UK, VAT fraud, Amazon, eBay, market places, HMRC, VAT number