Donald Rumsfeld, former US Secretary of Defence, is famously quoted as saying: “There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don't know. But there are also unknown unknowns. There are things we don't know we don't know.” This often aptly sums up students’ approach to AML compliance.
BCC Chief Economist, David Kern, provides his analysis of the latest Office of National Statistics (ONS) inflation figures.
The International Federation of Accountants (IFAC) has published a thought paper, From Bolt-on to Built-in, on managing risk as an integral part of managing an organization.
In a plan signed by Premier Li Keqiang, the State Council said it would further slash items subject to government approval and review while improving power delegation, supervision and its service to the public.
China's central bank deputy governor Pan Gongsheng said the country will "actively explore" the securitization of bad assets in an effort to limit risks in the financial system.
Changan Ford is following its brand promise of "Go Further" in China by sponsoring college debates, offering driving skills training on campus and nurturing young athletes.