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Collecting taxpayer identification numbers (TINs) through Forms W-8 or W-9 is critical for compliance but often overlooked until it’s too late. To avoid future risks, firms should consider gathering this documentation early—ideally during onboarding—while carefully balancing user experience.Comply Exchange, which offers tools to simplify tax compliance, recently delved into why companies should collect valid taxpayer information early.This is especially important in industries like digital assets, where privacy concerns and scale can make it difficult to ask for documentation upfront. Instead, businesses can trigger tax form requests when users hit transaction thresholds or access specific features, aligning with KYC/AML requirements. A…

After integrating Meta AI into WhatsApp, Instagram, Facebook, and Messenger, Meta is rolling out a standalone AI app. Unveiled at Meta’s LlamaCon event on Tuesday, this app allows users to access Meta AI in a standalone app, similar to the ChatGPT app and other AI assistant apps. To win over users, Meta is trying to leverage what makes it different from companies like OpenAI and Anthropic — Meta already has a sense of who you are, what you like, and who you hang out with based on years of data that you’ve likely shared on Facebook or Instagram. Meta’s AI…

WASHINGTON (AP) — Harvard University is promising to review its academic offerings and admissions policies in response to a pair of internal reports on antisemitism and anti-Arab prejudice at the Ivy League campus commissioned in the aftermath of last spring’s pro-Palestinian protests.Harvard released the reports on Tuesday while the university simultaneously battles the Trump administration over demands to limit campus activism — reforms the government says are necessary to root out campus antisemitism. The administration has frozen $2.2 billion in federal funding and Harvard responded with a lawsuit in a clash that is being watched closely across higher education. In…

On Tuesday, Meta is hosting its first-ever LlamaCon AI developer conference at its Menlo Park headquarters, where the company will try to pitch developers on building applications with its open Llama AI models. Just a year ago, that wasn’t a hard sell. However, in recent months, Meta has struggled to keep up with both “open” AI labs like DeepSeek and closed commercial competitors such as OpenAI in the rapidly evolving AI race. LlamaCon comes at a critical moment for Meta in its quest to build a sprawling Llama ecosystem. Winning developers over may be as simple as shipping better open…

Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk at the 2025 inauguration of Donald Trump.Getty Images “This is what victory feels like,” Elon Musk declared the day Donald Trump was sworn in. “I’m super fired up for the future…One of the most American values that I love is optimism.” Now, as Donald Trump begins his 100th day back in office, much of the optimism has faded as the American stock market has gotten off to its worst start in 50 years, with the S&P 500 and Dow Jones Industrial Average both dropping by nearly 8% amid Trump’s…

Surrounded by loyalists, Donald Trump knows the old rules no longer apply to him. He’s taking full advantage, implementing ideas he has held for decades. One hundred days into his second term, the world revolves around Donald Trump. In Europe, nations scramble to bulk up on arms in hopes of defending Ukraine, or perhaps themselves. In Asia, manufacturers strategize where to move production lines, without knowing the rules of the game. In Latin America, the tired, poor, huddled masses stay home, sensing that things are different now in the land of liberty. Those inside the United States feel it, too,…

How far will China’s President Xi Jinping go to achieve his stated desires for the year 2049? 2049 is an important year for China – it is the 100th anniversary of the founding of the People’s Republic of China; and Xi Jinping has announced his intention for the ‘great rejuvenation of the Chinese nation’ by that date.  It includes improving modern socialism within China, and ensuring China and the Chinese culture has its rightful place in the world. Methods include technology self-sufficiency, global influence (the Belt and Road Initiative is part of this), military strength, the ‘peaceful reunification’ of Taiwan,…

MAPFRE MSV Life has significantly enhanced its anti-money laundering (AML) processes by adopting KYC Portal CLM, aiming to streamline compliance and improve customer onboarding.The journey began in August 2022 with a detailed RFP to find a system that could automate AML tasks and strengthen customer risk assessments.While the insurer already had compliance tools in place, manual workflows slowed down onboarding and monitoring. The goal was to build an integrated, fully automated process with real-time screening and risk analysis.KYC Portal CLM was selected in June 2023, and the initial rollout for retail customers is now live. The new setup allows walk-in…

The Inter-American Development Bank (IDB), IDB Invest and the IFRS Foundation have entered a strategic partnership to boost the adoption of the IFRS Sustainability Disclosure Standards across Latin America and the Caribbean.Announced through a Memorandum of Understanding, the agreement aims to speed up implementation of the International Sustainability Standards Board’s (ISSB) framework. This set of globally recognised standards offers a baseline for sustainability-related disclosures, helping capital markets assess climate and sustainability risks more effectively.This initiative will support both public and private institutions across the region by delivering a structured action plan focused on knowledge sharing, capacity building and policy engagement.…

With Regulation 2019/2088 on SFDR now firmly embedded in industry practices, asset managers are once again having to face finalising funds’ annual reports, including SFDR periodic disclosures.According to Zeidler Group, while most firms have grown accustomed to preparing pre-contractual disclosures and maintaining up-to-date website information, periodic disclosures introduce their own set of complexities. Unlike pre-contractual materials, these disclosures are retrospective, which require detailed quantitative data that reflect ESG performance over the reporting year.Under the amended Commission Delegated Regulation (EU) 2022/1288, commonly referred to as the SFDR Delegated Regulation, funds falling under Article 8 and Article 9 are obliged to report…