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The FCPA Blog

Is your next compliance problem at a toll booth in Delhi?
With the new traffic regulations to reduce pollution, Delhi's toll collection agencies have been allowing vehicles into the capital at a fixed fee but haven't issued receipts. We examine the possible implications this may have on Green Tax and other aspects of the toll collection process.

The Medical Device Industry in India

The Indian medical device sector, valued at USD 4.9 billion, is relatively small but has seen unprecedented growth in the last few years. Growing at a CAGR of 17% over the last five years, the sector is expected to continue witnessing double-digit growth with a CAGR of 15% in the coming decade.

This report analyses the changing dynamics and environment of the industry, its impact on various players and the opportunities that are likely to arise in the coming years.

Nexia Global Insight January 2016

India’s new FDI norms to boost investment
In this article, we discuss the Indian government’s amendments to the foreign direct investment (FDI) policy in November 2015 which are aimed at further improving the investment environment.

The FCPA Blog

Will Wal-Mart change India?
Of the four BRIC nations, Brazil, Russia, and China have each, to varying degrees, made important strides of late in enacting major anti-corruption reforms. However, when will India step up?

Forensic Magazine

Emerging Challenges in Digital Forensics
With increasing technological penetration, we also see increased instances of frauds using technology. While a number of software tools for conducting investigations and gathering technology-oriented evidence have emerged, challenges still remain. In this article, we look at some of these challenges.

SKP Insights - 28 December 2015

Anti-money laundering compliance: Enhanced internal controls for foreign exchange remittance transactions
India’s anti-money laundering (AML) compliance requirements for financial institutions are guided by the Prevention of Money Laundering Act, 2002 and the Reserve Bank of India’s (RBI) Master Circular on AML standards. In the wake of recent incidents of reported money laundering investigations, it is pertinent to examine the internal controls related to foreign exchange (forex) remittance/receipts that could enhance identification, prevention and reporting of potential money laundering incidents through the banking channel.

SKP Insights - 28 December 2015

Six reforms that can change the way money laundering is handled
Money laundering is a means and an end to many other financial crimes in the world. With countries improving their regulatory standards and reporting protocols for suspicious activity, and growing inter-governmental cooperation, financial institutions are faced with an increased need to enhance their internal compliance systems and processes. In this article, we examine the key reforms that can help in enhancing compliance at the industry level.

Taxsutra's Indirect Tax Portal: Expert Column

Place of Supply under GST – Key Driver to the new regime
The advent of Goods and Services Tax (GST) will result in a shift from the current multiple indirect taxation system learnt over the years, and the taxable event would be ‘supply’ instead of manufacture/sale. As a result, the Place of Supply Rules for goods and services will play a pivotal role in determining the place of supply i.e. whether supply would be taxed based on the delivery of the goods, location of the service recipient, location of the service provider, location of property, based on place of performance, etc.

On 3 December 2015, the Model GST Law submitted by one of the sub-Committees of the government to all the state Finance Ministers was made available on a State Commercial Tax Department's web portal. In this article, we have analysed the impact of the 'Place of Supply' under GST as per the Model GST Law.

Taxsutra's Indirect Tax Portal: Expert Column

Indian Model GST law vis-a-vis Global practices - Right foot forward?
GST as a reform has been adopted globally by more than 160 countries, the latest being Malaysia and the largest being the European Union. While no country has a flawless taxation system, analysing and comparing the draft Indian Model GST Law (Model GST Law) with International Tax Laws (especially with large economies such as Canada, Australia and EU), helps us appreciate the best practices being followed globally.

In this article, we discuss the successful implementation of GST in other countries vis-à-vis the Model GST Law to be implemented in India.

The FCPA Blog

Are whistleblower reward programs really a good idea?
The SEC’s office of the whistleblower awards money to individuals who provide tips that lead to successful enforcement actions where recoveries are more than USD 1 million. Money for whistleblower awards comes from the SEC’s Investor Protection Fund, which is funded through disgorgement and penalties.The SEC whistleblower award programme looks like a success. But not everyone agrees on the effectiveness of programmes that incentivise whistleblowing.