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
18th July 2017
Andorra has criminalised tax evasion, a parliamentary source said Monday as the tiny mountain principality, once a popular tax haven, moves towards full banking transparency. Last year, the OECD removed Andorra from its “grey” list of tax havens after it agreed to the automatic exchange of information on non-residents’ bank… Read More
24th May 2017
A federal appeals court in Washington ruled on Tuesday against owners of the now defunct Banca Privada d’Andorra S.A. who had sought to reverse an order by the U.S. Treasury Department declaring the institution a “primary money laundering concern.” A three-judge panel rejected calls by Ramon and Higini Cierco, former… Read More
15th March 2017
The former owners of the now defunct Banca Privada d’Andorra S.A. are calling for an investigation into why the U.S. Treasury Department labeled the Andorran bank a “primary money laundering concern,” a move which helped drive the bank out of business. A lawyer for the Cierco family, which controlled the… Read More
11th January 2017
Financial inclusion is at the top of the agenda for emerging economies, but banks in the west are actively disconnecting from some of these regions – putting further development at risk. Read More
9th March 2016
MADRID (AP) " The tiny European state of Andorra says a study shows one of its banks had 923 accounts suspected of money laundering. Read More
22nd February 2016
WASHINGTON: FinCEN's withdrawal of its Section 311 notices against Banca Privada d'Andorra is a momentous victory for BPA's customers, employees, and all of its shareholders, including the majority shareholders, the Cierco family. Read More
Must Read

Senate rebukes Saudi Arabia over Khashoggi, Yemen war

AP — Senators voted Thursday to recommend that the U.S. end its assistance to Saudi Arabia for the war in Yemen and put the blame for the death of journalist Jamal Khashoggi squarely on Saudi Crown Prince Mohammed bin Salman, in a direct challenge to both… Read More

Elise Bean – The Inside Track – The US Senate’s Investigations into Financial Crime

Elise Bean joins Tom Devlin (from KYC360) in conversation to discuss her new book, highlights of her investigative career, and learning points for both banks and financial crime investigators arising from the PSI's work Read More