Latest news with #Compliance
Associated Press
6 days ago
- Business
- Associated Press
Starseer Secures $2M Seed Round Led by Gula Tech Adventures to Revolutionize AI Security and Transparency
KNOXVILLE, Tenn.--(BUSINESS WIRE)--Jul 23, 2025-- Starseer, an innovator in AI Exposure Management and Compliance, today announced it has secured a $2 million seed funding round led by Gula Tech Adventures. The investment will accelerate Starseer's mission to make AI systems transparent, secure, and reliable for enterprise and government deployment. Starseer's model-agnostic platform eliminates the AI 'black box' problem by providing unprecedented visibility into AI behavior. Organizations can confidently adopt AI with Starseer's model-agnostic analysis, hardening, and management, ensuring robust security and compliance with regulations like the EU AI Act while defending against threats such as prompt injections, backdoors, and data poisoning. This visibility enables confident adoption of privately hosted models without sacrificing security or transparency. 'The era of 'trust us, the AI works' is ending,' said Tim Schulz, Starseer's CEO. 'As AI makes decisions that affect people's lives and business outcomes, everyone from artists to regulators to corporate boards are demanding real transparency.' Starseer's AI exposure management platform addresses urgent needs in regulated industries such as finance, healthcare, manufacturing, insurance, and autonomous systems, where AI failures can result in substantial financial, legal, or safety consequences. The platform's intuitive tools enable security and compliance teams—regardless of technical expertise—to secure AI deployments and generate audit-ready documentation. With this funding, Starseer will accelerate platform development, expand its engineering and go-to-market teams, and scale adoption among enterprises and government agencies prioritizing AI governance and secure deployment. About Starseer Founded by cybersecurity experts, Starseer develops enterprise-ready solutions that make AI systems transparent and secure. The company's platform enables organizations to analyze, understand, and optimize AI models, ensuring confident decision-making in high-stakes environments. Headquartered in Knoxville, Tennessee, Starseer serves enterprises and government agencies requiring AI transparency and security. For more information, visit and follow the company on X and LinkedIn. About Gula Tech Adventures Founded by cybersecurity entrepreneurs Ron and Cyndi Gula, Gula Tech Adventures invests in companies and nonprofits that help close the gap in needed technology and workforce to defend the country in cyberspace. They work directly with cybersecurity startups, investment funds and nonprofit organizations. Since 2017, the Gulas have made more than 40 investments in cybersecurity startups like Automox, Cybrary, Huntress and Scythe, cybersecurity funds including Inner Loop Capital, DataTribe and Forgepoint Capital, and also supported cybersecurity nonprofits like Defending Digital Campaigns and View source version on CONTACT: Starseer [email protected] KEYWORD: UNITED STATES NORTH AMERICA TENNESSEE INDUSTRY KEYWORD: DATA MANAGEMENT SECURITY TECHNOLOGY SOFTWARE NETWORKS ARTIFICIAL INTELLIGENCE SOURCE: Starseer Copyright Business Wire 2025. PUB: 07/23/2025 11:16 AM/DISC: 07/23/2025 11:16 AM
Indian Express
18-07-2025
- Business
- Indian Express
CAG slams toll waiver on Mumbai-Pune expressway during Covid-19 lockdown
The report of the Comptroller and Auditor General (CAG) of India on Compliance Audit released on Friday slammed the Maharashtra government for the irregular revenue waiver of Rs 71.07 crore to the toll operator on the Mumbai-Pune Expressway during the Covid-19 lockdown that was enforced on March 23, 2020. It stated that the waiver granted to IRB MP Expressway Private Limited, entrusted with collecting toll on the Mumbai-Pune highway, during the lockdown period in 2020, violated the agreement with Mumbai Pune Expressway Limited (MPEL), which is owned and controlled by the Maharashtra State Road Development Corporation (MSRDC). As per the sub-concession agreement on February 28, 2020, the IRB was allowed to collect toll for 10 years from March 1, 2020, to April 30, 2030, for a fee of Rs 8,262 crore. The MSRDC granted a waiver to IRB MP Expressway after it pointed out that the toll collection was disrupted during the lockdown, which constituted a 'force majeure' (unforeseen) event. 'The upfront amount payable by IRB to the MPEL was Rs 6,500 crore (due on 01 March 2020 with interest 9.5 per cent per annum, if delayed) while the balance Rs 1,762 crore was payable in the next three years,' it said. The audit report pointed out that Article 25.1 of the agreement prescribed that IRB shall effect and maintain suitable insurance cover at its own cost to cover third party claims and 'force majeure' events that include acts of God, epidemic, earthquake, flood, landslide, cyclone, strikes or boycotts, any court orders, geological conditions, and similar circumstances of nature. 'Force majeure' refers to the clause that frees both parties of liabilities in case of such catastrophic events. The agreement provides that the parties shall bear their respective force majeure costs in case of any loss arising due to the occurrence of such non-political events, and neither party shall be required to pay to the other party any cost thereof. The report stated that the IRB, however, did not insure its business for force majeure events. 'IRB requested (24 March 2020) MPEL to bear the losses of toll revenue and grant a waiver in the sub-concession fee. MPEL rejected (09 April 2020) the claims, citing the relevant clauses pertaining to non-political force majeure events. Thereafter, upon continued requests from IRB to consider their case for suitable compensation, the Board of Directors of MPEL, in its meeting on April 20, 2020, agreed to provide compensation based on the computation of revenue loss for 25 days in toll collection. The amount of compensation was worked out to Rs 71.07 crore, as prescribed by the Board,' the report said. 'Thus, payment of force majeure cost of Rs 71.07 crore by MPEL to IRB was in contravention to the provisions of the Agreement and undue favour to IRB to the said extent,' it said. Following the dispute, a mediation report dated October 13, 2023, advised IRB to remit the amount of Rs 71.06 crore to MPEL. The government stated in December 2023 that the recovery of Rs 71.07 crore has been initiated and that MSRDC has been directed to recover Rs 71.06 crore from the contractor within three months, the audit stated.
Cision Canada
07-07-2025
- Business
- Cision Canada
Introducing SafetyCo North: SafetyCo Partners Launches New Division to Serve Northern Ontario's Evolving Safety Needs
TORONTO, July 7, 2025 /CNW/ - SafetyCo Partners, Canada's fastest-growing provider of integrated safety solutions, continues to expand with the launch of SafetyCo North, following the acquisition of Norpro's Health & Safety Division. Headquartered in Sault Ste. Marie, Ont. and female-led, SafetyCo North brings unprecedented access to safety training, consulting, staffing, rescue, and compliance services for industries across Northern Ontario. "Northern Ontario powers some of Canada's most critical industries. As Canada prioritizes domestic resource independence, the region is fast emerging as an industrial hub with rising demand for comprehensive, scalable safety services," said Mark Ferrier, Co-Founder and President of SafetyCo Partners. "SafetyCo North is uniquely positioned to meet this need, with integrated safety solutions ready to scale alongside the region's infrastructure and industry growth." SafetyCo North will serve organizations across Northern Ontario, including Sault Ste. Marie, North Bay, Sudbury, and Timmins. The new division will be led by locally-based safety professionals Jessica Amadio and Shannan Boston, who bring experience in heavy industrial industry, construction, and sectors including mining, energy, and forestry. Plans are underway to expand the team to meet regional demand for integrated safety services. Full Safety Spectrum Now Available in the North Northern Ontario organizations have full access to SafetyCo's comprehensive core safety services, including: On-site Safety Officers and Fractional Safety Support Workforce and Regulatory Training, including Working at Heights and JHSC Certification Inspection and Compliance Consulting Advanced Rescue Services, including confined space and high-angle rope rescue ISO 9001 and 45001 Implementation and Auditing Expanded Industrial Hygiene Services Network-Wide The acquisition deepens SafetyCo's expertise in industrial hygiene, enabling scalable delivery of value-added services such as indoor air quality (IAQ) evaluations, noise assessments, onsite quantitative respirator fit testing, and management system consulting. One Partner, Total Safety Coverage For decades, companies have been forced to juggle multiple safety vendors with inconsistent expertise and outdated systems. This creates gaps in safety and compliance. Skilled labour shortages and mounting regulatory pressure intensify these issues. SafetyCo addresses these problems head-on. Its team of award-winning partners, ACUTE, Industrial Safety Trainers, and Mentor Safety Consultants, is supported by SafetyCo's POME™ model (Physical, Occupational, Mental, and Environmental safety) and smart technology to deliver integrated, results-driven solutions. SafetyCo is backed by a proven track record, serving industry leaders across construction, energy, logistics, foodservice, and advanced manufacturing. Clients include: General Motors, Magna International, Toromont, EllisDon, GIP, NPL Canada, Canadian Nuclear Laboratories, Purolator, Canadian Tire, Tim Hortons, and Wendy's. SafetyCo also proudly supports municipalities with a range of environmental and safety services. About SafetyCo Partners Founded in Toronto in 2022, SafetyCo is Canada's fastest-growing safety provider, delivering integrated safety solutions across training, consulting, staffing, rescue, and compliance from a growing team of 100+ seasoned safety professionals and frontline specialists, including former firefighters, and inspectors. With top talent, smart technology, and its proprietary POME™ model, SafetyCo streamlines safety delivery, accelerates response times, and replaces fragmented vendor systems with one coordinated, end-to-end safety solution organizations can count on. The company has earned eight national industry awards, including Canadian Occupational Safety's Top Women in Safety and 5-Star Safety Training, and is on track to train over 60,000 workers through its safety programs in 2025. Learn more: Canada's safety services market is expected to double by 2030, driven by increasing regulatory demands, population growth, and enforcement. Through its integrated model, SafetyCo helps clients reduce incidents, avoid fines, and simplify compliance, all through one trusted provider.
Globe and Mail
04-07-2025
- Business
- Globe and Mail
IBN Technologies Makes Tax Preparation Services in USA Central to Year-End Strategic Planning
"Tax Preparation Services [USA]" Tax preparation services from IBN Technologies are shaping strategic year-end filing outcomes for U.S. companies. By offering well-organized planning cycles, verified documentation, and experienced support, the company ensures businesses can file with confidence and remain aligned with annual compliance requirements. Miami, Florida - 04 July, 2025 - Finance departments are increasingly adapting to changes in tax codes, deadline shifts, and cost hikes due to inflation. To stay current and avoid strain, leaders are choosing options that bring balance and clarity to filing activities. Tax preparation services are emerging as a reliable choice to manage documentation with consistency, especially when internal bandwidth is limited. Accuracy, speed, and proper oversight are becoming top demands. In response to dynamic regulations, many enterprises are refining their tax management processes. Structured systems supported by external teams are reducing filing burdens on internal staff. These methods ensure that documentation remains in order and timely submissions are maintained. Greater emphasis on scalability, timeliness, and compliance is shaping the way companies are meeting their filing goals. Manage corporate taxes with clarity and precision Get a Free Consultation: Rising Costs Test Filing Consistency Steeper costs and ongoing tax reform are pushing teams to rethink their internal handling strategies. The dependency on legacy methods and under-resourced teams is triggering a range of filing slowdowns. Without the right structural support, output from tax management services can suffer under pressure, particularly in deadline-driven months. • Budget pressures prevent hiring additional tax personnel • Regulation shifts make consistent filing harder to maintain • Manual tools raise the chances of submission errors • Missing or misread forms interrupt review timelines • Irregular checks lead to unverified filings Companies working through high-volume seasons often find manual handling inefficient. As a result, more are incorporating business tax prep services to support performance stability. This approach introduces organized tracking, documentation control, and expert-led validation—all of which help sustain year-round compliance strength. Precision Filing Through Delegation In-house finance teams are integrating third-party tax professionals into their compliance strategy to enhance submission quality. Rather than expanding internal workflows, businesses are bringing in structured assistance to manage end-to-end tax needs with greater visibility. Tax filing confidence is improving with the help of regulated external guidance. • Support throughout the year to ease peak-period stress • Standardized submission models for federal and state returns • Seasoned professionals providing oversight across industries • Customizable support for different entity and filing types • Updated mandates embedded into preparation routines • Simplified handling for companies with operations in multiple states • Filing output formatted to meet IRS and state code requirements • Dashboards available for real-time updates and visibility • Organized documentation for credits, expenses, and deductions As demand increases, more firms are reducing internal pressure by engaging with reliable partners. These business tax frameworks are helping organizations meet timelines and improve compliance outcomes. Outsourcing tax preparation services in Florida are now a standard strategy to ensure documentation integrity and audit readiness. IBN Technologies provides Florida-focused businesses with dependable scheduling, accuracy-led practices, and regional insights. Florida Tax Accuracy Proven Effective Filing success in Florida continues to rise as more businesses lean on organized outsourcing practices. Through the use of a skilled tax preparation service, companies are managing complex tax demands without internal overload. Timely and accurate filings are becoming standard across multiple sectors. • Reliable filing routines through structured quarterly support • Fewer compliance challenges from error-free submissions • More control over tax filings in multi-state operations These outcomes reflect how Florida businesses are improving accuracy and reducing last-minute risks. IBN Technologies supports these consistent results by offering a tax solution that focuses on strategy and state alignment. A trusted tax preparation service helps ensure clarity in every return. Filing Systems Realigned for Growth Business tax strategies are being refined to match operational goals with accuracy and simplicity. With year-round documentation becoming more structured, companies are embracing methods that reduce pressure while supporting regulatory clarity. Integration of tax preparation services offers flexible systems that evolve with each cycle. By working with reliable partners, businesses are building operational routines that can scale with compliance needs. Today's professional accountants for tax offer strategic oversight and real-time adaptability—qualities that are essential for firms balancing multiple tax obligations. Their guidance enables businesses to stay focused while maintaining organized records throughout every quarter. IBN Technologies contributes to these efforts by delivering carefully developed support frameworks for preparation, advisory, and compliance alignment. Each engagement supports tax cycles with consistency, allowing businesses to focus on broader priorities. With IBN's experience and structured systems, more companies are heading into tax season prepared for long-term reliability. Related Services: About IBN Technologies IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive AR efficiency and growth. Media Contact Company Name: IBN Technologies LLC Contact Person: Pradip Email: Send Email Phone: +1 844-644-8440 Address: 66, West Flagler Street Suite 900 City: Miami State: Florida 33130 Country: United States Website:
Zawya
03-07-2025
- Business
- Zawya
UAE: FTA holds workshop on Corporate Tax for Family Foundations
The Federal Tax Authority (FTA) hosted a workshop in Abu Dhabi to shed light on Corporate Tax rules for Family Foundations and the conditions needed to categorise an entity as a Family Foundation under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses 'Corporate Tax Law'. The event is part of the FTA's ongoing campaign to raise awareness on Corporate Tax topics across UAE business sectors, ensuring smooth implementation and encouraging voluntary compliance. The workshop attracted a large turnout and was attended by 290 of those concerned with the Family Foundations sector, as well as a number of officials from the concerned authorities in the public and private sectors. During the workshop, the authority renewed its invitation to taxpayers still unregistered for Corporate Tax to expedite the submission of their Corporate Tax registration applications, to benefit from the initiative to exempt certain categories of Taxable Persons required to register for Corporate Tax with the FTA and waive administrative penalties resulting from the delayed submission of registration applications due within the specified legal period. The FTA added that the exceptional requirement to benefit from the exemption is to file the Tax Return (or annual declaration) within a period not exceeding seven months from the end of the Tax Period. This applies only to the first Tax Period of the Taxpayer (or Exempt Person required to register for Corporate Tax), regardless of whether the due date of the first Tax Return (or first annual declaration) is before or after the implementation of the new decision. The workshop addressed several topics related to the treatment of Family Foundations under the Corporate Tax Law. FTA experts explained to the attendees the definition of a Family Foundation under the Corporate Tax Law and how these enterprises are treated for Corporate Tax purposes. During the current year, the FTA launched a request through the EmaraTax digital tax services platform, allowing eligible Family Foundations to apply to be treated as Unincorporated Partnerships, provided they meet the requirements set out in the Corporate Tax Law, as well as Ministerial Decision No. 261 of 2024 on Unincorporated Partnership, Foreign Partnership and Family Foundation for the purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses. The FTA explained that Family Foundations that want to submit a request to be treated as an Unincorporated Partnership must be previously registered for Corporate Tax, noting that the request to treat the Family Foundation as such may be submitted by the taxpayer or his tax agent or legal representative. Once the request is approved by the FTA, the Family Foundation will not be obligated to file annual Tax Returns for Corporate Tax. In addition, individual beneficiaries of the Family Foundation must determine whether they are obligated to register for Corporate Tax and submit a Tax Return for the relevant Tax Period.
