What exactly is a tax haven? As far as we are aware, there is no universally accepted definition. Typically, the
The government’s new regulation granting federal tax authorities greater access to individual financial account information will not disrupt status quo
The World Bank Group announced the debarment of Consia Consultants ApS for 14 years for fraud and corruption. Consia’s Managing
On 17 January 2017, at Southwark Crown Court, Lord Justice Leveson approved a deferred prosecution agreement (“DPA”) between the Serious Fraud Office (“SFO”), and Rolls-Royce Plc and Rolls-Royce Energy System Inc (“Rolls-Royce”). The third DPA agreed by the SFO has led some to wonder whether DPAs have finally come of age as a weapon the SFO’s enforcement arsenal.
Mr Jammeh, thought to now be in Equatorial Guinea, is not the first leader accused of lining his own pockets with state funds. In fact, many have taken far more. Here are some of the worst offenders.
This article first appeared on LinkedIn and is republished here with the author's permission. I admit it, several of my friends launder money, and yours do to. The four cases below show just how easy it ...
This article was written by Natasha Reurts for the Bright Line Law Portal, and is republished here with BLL's permission. In March of this year, the UK government announced the introduction of a new anti-money laundering ...
As regulatory compliance initiatives move toward utilizing machine learning and artificial intelligence (AI), what effect might the increased efficacy of AML programs have on developing nations and small financial players without large compliance budgets? More ...
We know there are tax havens. We just can’t agree on where they are. Although many countries recognise that major corporations divert tax revenue—there’s a reason, after all, why US multinationals hold more than $2 trillion ...
The UK’s Financial Conduct Authority (“FCA”) recently published the final version of guidance on how financial services firms should treat politically exposed customers in order to meet AML obligations. The guidance applies to all firms ...
New Canadian banking rules that took effect July 1 are a “game changer” that could help governments in Victoria and
MAS working with group of Singapore banks to build joint KYC utility for countering money laundering and terrorism financing
In a speech delivered at the Association of Banks in Singapore (ABS) Financial Crime Seminar on July 2017, Mr. Chua Kim
Unicredit, Italy’s largest bank, suffered a data breach affecting 400,000 customers, BBC News reports. The bank said personal data and
Uzbekistan said Friday that it has jailed the eldest daughter of late president Islam Karimov, Gulnara Karimova — once a