7th December 2016
Financial services providers must start adapting and expanding compliance procedures to deal with the new UK failure to prevent the facilitation of tax evasion offence that is set to come into force next year, says Ogier's Head of Regulatory Services. Read More
5th December 2016
Cristiano Ronaldo and Jose Mourinho have avoided paying tax on millions of dollars of earnings by channelling money abroad, according to claims based on a huge document leak. Read More
5th December 2016
A few years ago, a senior IAS officer of a government in South India spent time behind bars after he was arrested in a corruption case. Out on bail and having managed a plum posting, the grapevine in the corridors of power suggests that he is back to his greedy ways. Read More
2nd December 2016
Contending that large volumes of liquid cash are a big source of corruption and black money, Prime Minister Narendra Modi on Friday appealed to the people to “lead the change” towards cashless transactions to lay the strong foundations of an India where there is no place for such malaise. Read More
29th November 2016
Hackers have days ago breached a Liechtenstein bank and are allegedly blackmailing customers by threatening to release their account data if ransoms are not paid. Read More
28th November 2016
The country’s decision to discontinue the 500- and 1,000-rupee banknotes earlier this month in an attempt to curb fraud, corruption, illegal tax evasion and illegal cash holdings has actually brought about a rise in money laundering schemes. Read More
22nd November 2016
“I’d guess the idea of removing existing notes is a step too far. But a moratorium on printing new high denomination notes would make the world a better place.” Read More
18th November 2016
Hugo Miller in conversation with Amos Wittenberg, discussing the AML/CFT vulnerabilities of free ports and the global art market to criminal misuse. Hugo Miller has been a journalist with Bloomberg for over a decade and is now their legal news and investigations correspondent based in Geneva.  … Read More
16th November 2016
There needs to be a “comprehensive global approach” against secret tax structures, says the Nobel Prize-winning economist, Joseph Stiglitz, who called for “zero tolerance”. Speaking to Parliament’s Panama Committee on Wednesday, the former advisor to the Panamanian government suggested that secrecy in tax affairs should be treated like a disease which needs to be isolated. Read More
11th November 2016
Amber Rudd concedes London has become safe haven for illicit money and UK should do more to stop estimated £90bn a year laundered via British capital. Read More