08 Feb 2017
Published in News

Alibaba acquisition of MoneyGram would spotlight a lackluster Chinese AML regime

A deal for the payment affiliate of Chinese e-commerce giant Alibaba Group Holding Ltd to buy U.S. money-transfer company MoneyGram International Inc has the potential not only to rattle the international funds transfer landscape, but also to pressure China to bolster a lackluster anti-money laundering regime, anti-money laundering professionals said.

06 Feb 2017
Published in News

“Reasonable grounds for knowing or suspecting”: a cautionary tale about VAT fraud

An HMRC study on the 2014-15 tax year estimates that there was a gap of £12.7 billion between the VAT theoretically due and the amount actually collected. Up to £1 billion of the missing money is thought to have been lost to so-called ‘missing trader’ fraud.

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