Tradeplus24

Tradeplus24 is a Zurich-founded FinTech, with offices in Switzerland and Australia. We Provide easy, flexible funding to SMEs overlooked by the big banks and overcharged by independent factoring providers in the Swiss and Australian markets. We’re innovative in our approach and allow companies, like yours, to securely leverage domestic and international receivables, unlocking working capital. Our easy and mostly digital application process means little administrative hassle as Tradeplus24 synergises with existing accounting software platforms: it talks directly with your ledgers rather than customers, ensuring privacy. Tradeplus24 boasts Credit Suisse as a major investor, along with respected names such as SIXFintech Ventures and Berliner Volksbank Ventures (BVBV). After the success in the European market, we’ve expanded to Australia in 2019 to address a clear gap in the ability for SME’s to obtain finance to grow their business. Using the accounts receivables as security, we offer credit lines from $500k - $10m. As Industry leaders, we’re looking forward to working with you on growing your business.


Stibo Systems Pty Ltd - When Master Data Management maters

Stibo Systems, the master data management company, is the trusted source of MDM solutions based on a unique business-first, people-centric approach. Our solutions are the driving force behind forward-thinking companies around the world that have unlocked the strategic value of their master data; empowering them to improve the customer experience, drive innovation and growth, and create an essential foundation for digital transformation. Stibo Systems is a privately held subsidiary of the Stibo A/S group, founded in 1794, and is headquartered in Aarhus, Denmark. For more information, visit stibosystems.com.

 

Perth, Scaling the Alps of TAX and RETIREMENT, Planning in OZ

Great Success with our Partners of PWC and RMS in Perth

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Thanks to the efforts of our WA team, the Perth section of our members have now an attractive set of events. Well done.

Switzerland adopts FATF's demands for anti-money laundering reforms

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Switzerland's federal government has formally adopted the antimoney laundering reforms demanded in the Financial Action Task Force's (FATFs) 2016 mutual evaluation report, requiring financial intermediaries to comply with customer due-diligence obligations. The draft proposals, as published for consultation in June last year, introduced due-diligence obligations for persons providing services in connection with companies or trusts, as well as for financial intermediaries. These were to be given an·explicit duty to verify and maintain up-to-date beneficial ownership information. Following consultation, the proposals have been somewhat modified. Advisors will not only have to comply with due-diligence obligations and a duty to verify, but will additionally have a new reporting duty. However, the measure will only cover services for domiciliary companies or trusts.

Also, financial intermediaries will be able to terminate a business relationship if they do not receive any feedback within 40 days of submitting a report to the Swiss Money Laundering Reporting Office.

The statement also draws a distinction between the 'right to report', which is being maintained, and the new 'reporting duty'. This will be clarified when the Bill is published. The measures are not expected to come into force until the start of 2021 at the earliest. The proposal will renew Switzerland's defence mechanism for money laundering and terrorist financing by taking account of the latest risk assessments', said the Swiss Federal Council. 'lt also implements the Federal Council's financial market policy [of] ensuring international compliance in the area of money laundering.'

Last November, the Swiss government agreed to implement another of FATF's demands, namely the abolition of bearer shares, despite strong criticism from the country's financial sector. That decision was influenced by the OECD Global Tax Transparency Forum's opposition to bearer shares.

Sources ■ Swiss Federal Council ■ Swiss Federal Council (June 2018)