The ICC , the International Chamber of Commerce ,

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nurmohammadkhan
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Joined: Tue Jan 07, 2025 4:33 am

The ICC , the International Chamber of Commerce ,

Post by nurmohammadkhan »

The advantage from the point of view of central authorities is clear, but the same is also true for companies that can interface more easily with other entities, reducing any risks for compliance. And simplification is always a friend of business.

It should be noted, however, that for this to happen, all countries must adopt Continuous Transaction Control systems in a uniform and coherent manner, to avoid a multitude of different models and processes. Uniformity of implementation unfortunately still remains a medium-level objective, since up to now the States have moved in substantial autonomy, lacking (at European level and beyond) binding directives or an "officially preferred" model compared to the others.

A private organization that works to "promote investment, the opening of armenia whatsapp resource markets for goods and services and the free movement of capital", tried to solve the issue by outlining a sort of list of principles and values ​​that should inspire the implementation of any Continuous Transaction Control system. Among the many values ​​of Continuous Transaction Control, there is cooperation, comprehensibility, respect for privacy, as well as the principle of least impact and non-discrimination: all certainly very important and relevant, but not very stringent from the point of view of practical implementation in many daily transactions.
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