Parliament has passed a bill that strengthens the rules around foreign trusts. The changes were recommended by tax expert John Shewan, appointed by the government to review existing legislation following the release of the Panama Papers.
Hong Kong is beefing up its anti-money laundering and corporate disclosure laws in a move that some financial crime specialists say could lead to the exodus of billions of dollars in assets from the territory as people seek to avoid increased scrutiny.
Senate Democrats on Tuesday enlisted Janet L. Yellen, the Federal Reserve chairwoman, as an expert witness against Republican plans to roll back postcrisis financial regulations.
Donald Trump moved on Tuesday to expunge rules aimed at forcing oil companies to disclose payments made to foreign governments
The first weeks of the Trump administration have not exactly been characterized by an excess of regular order. So there’s special reason to applaud a document it released last week that helps to make sense of one of the president’s controversial actions — an unprecedented executive order limiting regulation.
China’s central bank said on Thursday it met with nine smaller local bitcoin exchanges to discuss risks and problems in the bitcoin market, and warned them that they risk closure should they seriously violate the country’s regulations.
The Philippine Senate has moved closer to including casinos in the coverage of the country’s Anti-Money Laundering Act, as one of the Senate’s panels began analysing three different bills on the matter.
On November 8, 2016, Indian Prime Minister Narendra Modi announced in a televised speech that 500 and 1,000 rupee notes would no longer be legal tender, swiftly rendering 86 per cent of cash in the ...
Tom Devlin, barrister and partner at Stephen Platt and Associates LLP, unpicks recent anti-money laundering scandals in the finance industry. He looks in detail at what went wrong, how word got out, and how the failings ...
The Laundromat is a name given by the Organized Crime and Corruption Reporting Project to a vast money-laundering scheme. Between autumn 2010 and spring 2014 Russian officials and insiders moved billions of dollars into Europe, ...
The Financial Conduct Authority (FCA) is being scrutinised by a government audit, alongside a number of other agencies focused on preventing scams and economic crime. According to the Financial Times the FCA is one of a ...
The United States has blacklisted nearly all Latin American countries for money laundering in 2017. InSight Crime explores why this is the case, and discusses some of the achievements and failings of regional anti-money-laundering efforts ...
Business pressure to weaken bribery laws and government’s inability to focus on non-Brexit issues are also concerns, says group.
Crime gangs are exploiting corruption at European borders to smuggle vast quantities of illicit goods, a new report warns.
As part of the EU, the UK has to adhere to the Anti-Money Laundering Directive which is looking at transparency of trusts – but not for much longer.
Three units of London-based Barclays Plc have been penalized by Australia’s securities regulator for failing to tell clients they didn’t hold local financial services licenses and instead were regulated overseas.