28th November 2016
Many of the Consett residents paid to provide UK addresses for companies say they did not know what those firms do. Read More
22nd November 2016
Tom Devlin, partner at Stephen Platt & Associates LLP, considers the limitations of the traditional AML model and why it undermines efforts by financial institutions to guard against the facilitation of crime. Read More
1st November 2016
Relatives of the financier accused by U.S. prosecutors of playing a central role in siphoning more than $3.5 billion from Malaysia’s state investment fund are fighting attempts to seize assets acquired with misappropriated funds. Four family members of Low Taek Jho, also known as Jho Low, have initiated claims for… Read More
26th October 2016
New Zealand has edged out Singapore to take top spot for ease of doing business in the World Bank’s latest rankings, but money laundering experts warned the honour masked the darker side of the Pacific nation’s vulnerability as a channel for illegal funds. In its annual “Doing Business” report released… Read More
21st October 2016
The tax fraud trial of Guy Wildenstein, the billionaire international art dealer, ended here Thursday night and a prosecutor asked the tribunal of judges hearing the case to sentence Mr. Wildenstein to two years in prison on charges that he helped shield a vast art collection… Read More
19th October 2016
The absence of Justice Sule Hassan of a Federal High Court in Lagos, on Wednesday stalled the trial of a former Minister of Aviation, Femi Fani-Kayode, over money laundering. Fani-Kayode, who was also former Director of Media and Publicity, campaign committee of ex- President Goodluck Jonathan, is charged alongside a… Read More
18th October 2016
Bets on expensive but poorly performing hedge funds have cost pensioners in New York $3.8 billion in the last eight years, according to a report published by the state’s financial regulator on Monday. The New York State Common Retirement Fund, which oversees $178 billion in… Read More
14th October 2016
The Obama administration, in its latest bid to prevent American companies from minimizing U.S. taxes by rebasing abroad, issued final rules on Thursday to combat a key tax-reduction technique known as earnings stripping. Six months after proposing the regulations, the U.S. Treasury made good on its pledge to move swiftly… Read More
13th October 2016
Minister for Finance Michael Noonan has taken aim at the use of offshore accounts to avoid tax, pledging to make it a criminal offence for individuals who fail to disclose accounts or other assets held in tax havens from next year. “The release of the so-called Panama Papers… Read More
12th October 2016
Whilst a major exhibition by the Italian Renaissance painter Caravaggio prepares to launch at the National Gallery in London, the Wildenstein money-laundering trial involving a key painting by Caravaggio continues in Paris. The Painting which is now in storage in Switzerland complicates issues around the estate of Daniel Wildenstein, Guy Wildenstein’s father. Read More