23rd January 2018
European Union officials have removed eight jurisdictions from its blacklist of non-cooperative jurisdictions for tax purposes, following commitments made at a high political level to remedy EU concerns. Barbados, Grenada, the Republic of Korea, Macao SAR, Mongolia, Panama, Tunisia and the United Arab Emirates are moved to… Read More
6th November 2017
By Francesco Guarascio, REUTERS European Union states will on Tuesday discuss plans for a tax havens’ blacklist, officials said, in a bid to tackle offshore tax avoidance after leaked documents revealed investments by wealthy individuals and institutions around the globe. The subject’s inclusion on the monthly meeting’s agenda of EU… Read More
13th July 2016
The government of Antigua & Barbuda has launched a National Risk Assessment programme to measure the country’s vulnerability to money laundering and terrorist financing. Director of the Office of National Drug and Money Laundering Control Policy (ONDCP) Lieutenant Colonel Edward Croft said the assessment is essential in determining government’s baseline against which… Read More
23rd June 2016
Former U.N. General Assembly President John Ashe of the twin-island Caribbean nation of Antigua and Barbuda died on Wednesday in the United States as he was facing criminal charges in a bribery case. He was 61. Ashe died at his home in Dobbs Ferry, New York, according to Sgt. Vincent Ingani,… Read More
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EU adopts Sixth Anti-Money Laundering Directive EU 6AMLD, deadline set

Countries across the European Union will have two years to implement a new system of jail sentences and sanctions for money launderers following the formal adoption of the EU’s latest anti-money laundering directive, dubbed 6AMLD (Sixth Anti-Money Laundering Directive) on 11 October 2018. Once the directive is published in the… Read More

Anti-money laundering compliance costs hit $25 billion annually – study

The cost of AML compliance across U.S. financial services firms equaled $25.3 billion per year based on survey responses from more than 150 decision-makers at banks, investment, asset management and insurance firms, according to a new study. The report shows that smaller firms are hit hardest, relative to their bottom… Read More