Continuous Transaction Controls: What business needs to know
ICC Albania2020-07-14T10:12:59+02:0025 June 2020 As government services become more and more digitalised, the International Chamber of Commerce (ICC) has released a set of practice principles for the implementation of continuous transaction controls (CTCs). This week, ICC published a set of practice principles for the implementation of CTCs. Never heard of them? While you wouldn’t be alone, CTCs are playing an increasing role in the way governments determine how much tax companies should pay – and, moreover, may be soon be used to monitor compliance in a range of other areas. What are CTCs? Over the years, as digital technology has become more widely available,