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Over 12k fake entities in GST; CBIC plans biometric authentication, tighter return filing

CFO News

The Central Board of Indirect Taxes and Customs (CBIC) in India is planning to introduce biometric authentication and geo-tagging in an effort to crack down on GST fraud. The CBIC chief, Vivek Johri, said that there are around 12,500 bogus entities that have been identified as claiming fake Input Tax Credit (ITC).

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10 Weekend Reads

Barry Ritholtz

Business Insider ) • UBS Looks Beyond Credit Suisse to Bank Even More Billionaires : The return of CEO Sergio Ermotti and the acquisition of its Swiss rival have the bank doubling down on wealth management and expanding in the US. Will we soon see a life-changing jump in younger generations’ net worth? Here on Earth, there was a 1.7

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Yes, Twelve Dollars Is a Good Price for Two Batteries–Under the…

CFO News Room

I gasped a little, put the $5 away, and reached for my credit card. The $6 price tag for each battery sent a not-so-subtle social message. In Leave Me Alone and I’ll Make You Rich , Deirdre McCloskey and I joke that my favorite tool is my credit card. To my good fortune, he did. 12,” he said.

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Super Apps Rising: Mobile Drives Digital Payments Uptick In Pakistan

PYMNTS

The conversation came against the backdrop where i2c announced a partnership with TAG, to launch a super app that provides instant payments capability to Pakistan’s unbanked adult population, which at present numbers about 100 million individuals. To that end, Amir Wain , CEO of i2c Inc. It will happen.”.

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Cyber Threats To Client Wealth And Well-Being: Why And How Wealth Managers Will Soon Play A Key Role In Managing These Risks

Nerd's Eye View

when tagged online pictures can be used to identify an individual’s location). monitoring the dark web and corporate data breaches, reviewing credit reports annually, and regularly updating protection). stealing a client’s financial assets that are accessible online), identity theft (i.e.,

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Webinar: Powering Efficient, Effective Forecasting Through ML and APIs | May 24

Strategic Treasurer

Details covered will include pattern detection and analysis through ML, APIs and aggregation, and automation and updating, as well as discussing technological expansions into scenario planning and auto-tagging. CTP re-certification credits ARE PENDING for attendance to this live webinar. Tuesday, May 24, 2022. 2:00 – 3:00 PM EDT.

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Paysafe Readies $9 Billion IPO Via SPAC

PYMNTS

The $9 billion price tag would make this one of the larger SPAC mergers of the year, behind the MultiPlan merger with Churchill Capital Plan for $11 billion and the pending United Wholesale Mortgage $16 billion deal with Gores Holding IV, Bloomberg reported. In addition, Foley launched another SPAC, Foley Trasimene Acquisition Corp.,