AML & Tax Updates for the Gaming Industry

AML & Tax Updates for the Gaming Industry

22 June 2017, 8:30AM - 12:30PM, CET

AML Workshop – “The good, The Bad and the Ugly”


Lawrence Hanlin (Regulatory & Forensic Consultant at KPMG Isle of Man & Gibraltar) will share his experiences on what he is seeing globally within the gaming sector in the form of case studies. He will also share his insight on what is going to effect the sector in the near future. Furthermore, Lawrence will discuss other initiatives that will support the sector and provide guidance through the trickier times ahead. A good example will be the current rounds of AML jurisdictional assessments that are taking place globally. This is particularly pertinent to European jurisdictions who have yet to be assessed for compliance by MONEYVAL in the coming months.

 

Tax Update – “The Changing World of Tax Reporting”

 

The OECD and the EU have recently introduced a global reporting standard that requires multinational enterprises to annually file a comprehensive group tax report in every jurisdiction where they have a tax presence. The report is designed to show global tax information of the multinational group and of its constituent member entities. For every member entity of the group that is tax resident in a jurisdiction that has implemented the Country-by-Country tax reporting standard, a general obligation is imposed to provide a report not only of its local activities but also to provide a complete tax-picture of the group, showing the relevant tax information of every other entity within the multinational group. The report is then to be exchanged between tax authorities of the countries where the multinational group is present. Apart from the significant tax obligations at group and entity level that this creates, the potential to trigger tax investigations across multiple jurisdictions is a concern well deserving of timely attention.

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Agenda
8:30 - 9:00 Coffee & Registration
9:00 - 10:15 AML Workshop
10:15 - 10:45 Coffee Break
10:45 - 12:00 Tax Updates
12:00 - 12:30 Q&A
Speakers Guide

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