Learn here all about the main compliance challenges being faced by financial service providers throughout the globe.
Compliance requirements for the modern day financial service provider have been skyrocketing and practitioners working in this industry are facing multiple new challenges as a result.
We hosted a spirited debate on Wednesday, April 29th, 2020, at 12 pm London BST where we discussed what are these main challenges and how firms are dealing with them.
Submit Your Questions
Some of the questions tackled by our expert included:
- How has compliance changed during the past decade?
- What are some of the most recent compliance challenges being faced by the modern financial service provider?
- Are there any specific technologies that have helped firms comply more efficiently and quickly with all these burdensome regulations?
- What are your main tips for firms on how to best tackle these compliance challenges?
- How have companies effectively minimized their administrative compliance costs?
- What do you foresee for the compliance world in the next 5 to 10 years?
- And plenty more!
If you have any follow-up questions for our experts, please make sure to submit them below.
Dr. Peter A. Wilson,
International Tax Advisor,
PB First Global Tax Advisers,
Dr. Wilson is an Australian by birth, and has lived in Sydney, London, New York and now is a Dubai resident. During more than 36 years, he has advised a wide range of multinational clients on the international tax law applicable to their trading and investment activities as well as to their ownership. He has formal qualifications in taxation advising, chartered accounting and law and a PhD in ‘BRICS and International Tax Law’ from Queen Mary, University of London. For many years, Peter was an International Tax Partner of EY and later PwC and an Investment Banker at a major Japanese Financial Institution and now he runs the PB First Global Tax Advisors.
C.X. Financia Ltd.,
Xenia Neophytou holds a BSc in Accounting from the University of East Anglia, Norwich, UK.
She is a Fellow Chartered Certified Accountant (FCCA), a member of the Institute of Certified Public Accountants of Cyprus (ICPAC), and an Advanced Licence Holder by the Cyprus Securities & Exchange Commission (CySEC). She is also a Registered Mediator in financial disputes with the Cyprus Chamber of Commerce and Industry (CCCI), the Cyprus Ministry of Justice, and the Financial Ombudsman of the Republic of Cyprus.
She has extensive experience in all aspects of corporate services, company law, international taxation, financial and regulatory compliance and matters related to money laundering. She is also adept in matters pertaining to Cyprus company law, Cyprus tax and VAT law, banking, and requirements for maintaining a Cyprus company in good standing, and has strong accounting and audit experience related to both Cyprus and foreign companies.
Furthermore, Xenia has substantial experience both in an advisory capacity and hands-on operations as a CEO, and she is a member of the Board of Directors and Risk Committees of a number of regulated Investment Firms in Cyprus.