2 unchanged sentences
The discussion regarding contingencies in Part I, Item 1 — Financial Statements (unaudited), Note 16, Litigation and Contingencies, to the unaudited consolidated financial statements in this report is incorporated herein by reference.
−Removed: Currently, there are no legal or regulatory proceedings that management believes, either individually or in the aggregate, would have a material adverse effect on the Company's consolidated financial condition or results of operations.
+Added: From time to time, the Company is a party to legal or regulatory proceedings arising in the ordinary course of the Company's business.
In accordance with U.S.
−Removed: GAAP, we record a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated.
−Removed: These liabilities are reviewed at least quarterly and adjusted to reflect the impacts of negotiations, settlements, rulings, advice of legal counsel, and other information and events pertaining to a particular case or proceeding.
+Added: GAAP, the Company records a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonable estimated.
+Added: Currently , there are no legal proceeding s or regulatory findings which are both probable that a liability has been incurred and can be reasonably estimated that management believes, either individually or in the aggregate, would have a material adverse effect on the Company's consolidated financial condition or results of operations.
+Added: These provisions are reviewed at least quarterly and adjusted to reflect the impacts of negotiations, settlements, rulings, advice of legal counsel, and other information and events pertaining to a particular case.
+Added: During July 2024, the Company received an adverse judicial decision related to withholding taxes on certain agency relationships in Italy within the Money Transfer Segment, which the Company plans to appeal.
+Added: The Company completed an assessment and concluded that it is reasonably possible that a liability has been incurred, but not probable.
+Added: The principal amount of the agent-based withholding tax could be approximately $16.5 million for all open periods.
Except as otherwise described herein, there were no material changes to the risk factors previously disclosed in our Annual Report on Form 10-K for the year ended 31 December 2023, as filed with the SEC.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.