Money laundering is a type of financial fraud, and it affects the global economy in a huge way. Criminals try to hide their illegal money from regulatory bodies, disguising their origin and convert the money into legal funds. Every year, losses due to money laundering equal 2-5% of the global economy ($800 million - $3 trillion). Anti-Money laundering refers to the activities financial institutions perform to achieve compliance with legal regulations to actively monitor for reporting suspicious activities.
Read full article: https://diro.io/why-anti-money-laundering-is-important-for-financial-institutions/
Quality and compliance are the building blocks of safety and efficacy of drugs and devices. They are the pathways for life science organizations to provide a meticulous framework to their businesses. According to a recent survey, over the years, the Regulatory scrutiny has increased across various aspects of the business including clinical operations, data privacy, and sales and marketing. These keen observations are driving organizations to explore the hidden opportunities and potential of innovative compliance. However, the shift in the global compliance requirements is pushing companies to continuously adopt the evolving standards.
To better satisfy the global Regulatory compliance requirements, businesses should modernize their approach, to ensure the needs of both, business as well as end-users are met. Modernizing compliance approach can result in the development of a value-adding strategy in terms of efficiency and shaping the future of compliance landscape. But from a holistic view, there are a few challenges that should be addressed first, like:
1. Lack of innovation
Even though the pharma industry is investing in technology, the fact that only a little emphasis is given to compliance is alarming. The lack of automation in the process and
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Or are you already running a successful business but still not, sure if you have obtained all regulatory registrations?Here is a list of 10 essentials business registrations that your business will need to keep your legal and regulatory compliance on point!1.
PAN (Permanent Account Number) and TAN (Tax Deduction Account Number)The quintessential of all the registrations that are required by any business irrespective of it is a Company, LLP, Partnership Firm or even a Hindu Undivided Family, is to have a PAN and TAN in the name of the business or in the name of the individual in case of Sole Proprietorship (in whose name the transactions are to be made).
PAN and TAN are two ten-digit unique alphanumeric numbers issued by the Income Tax Department.
As per the recent changes, AADHAR can be used in place of PAN for filing IT Returns but PAN is still essential when it comes to making payments exceeding Rs 50,000.2.
Trade License / Shops and Establishment LicenseTrade License and Shops and Establishment license are to be obtained from your municipal corporation, or panchayat, depending on the jurisdiction of your business for setting up of any shop or commercial establishment and running a trade (the municipality usually issues a list of trades which mandatorily needs a trade license).
Company / LLP / Start-up/ Partnership Firm RegistrationAny business entity wanting to start a business in India as a Company or Limited Liability Partnership, shall register itself under the Ministry of Corporate Affairs.
The swanky ready to move apartment in electronic city phase 2 with the super-cool amenities or that independent house that reminds you of your grandparent’s place where you used to go for the summer holidays.
Let us give you a quick breakdown to help you choose what fits you the best.AmenitiesIt is quite common knowledge that no independent house offers the range of amenities that today’s modern-day apartment’s offer.
Facilities like a robust security system or rainwater harvesting measures are hard to come by and require considerable investment and effort on the individual’s part if he/she wants to set them up on their own.
Apartment complexes like Mahendra Aarna have equipped themselves with a variety of sports courts, auditoriums, gardens, swimming pool, etc.
Most importantly, in apartments, you would have vital services like the plumber, carpenter and laundry at your beck and call unlike in an independent house where you will have to make several calls before someone turns up.InvestmentBuying a flat and independent house is not the same as a ready to move flats in electronic city would cost a lot lesser than an independent house in the same area and the loan is also easier to procure for a flat.
If we are to look at it from the point of a resale, you will have to understand that selling a flat is much easier than an independent house owing to the affordability and high demand.