17th July 2017
What exactly is a tax haven? As far as we are aware, there is no universally accepted definition. Typically, the term is used to describe a jurisdiction that offers favorable tax or other conditions. It is therefore a relative term. So relative to Indonesia, Singapore appears to be a tax… Read More
5th July 2017
The Financial Action Task Force (FATF) on Anti-Money Laundering and Combatting the Financing of Terrorism (AML/ CFT) under the Organization for Economic Cooperation and Development (OECD) has commended Indonesia for what it sees as its significant progress in addressing strategic deficiencies in the fight against dirty money. The task force’s… Read More
24th May 2017
One in five banks in the Asia Pacific expects tax evasion in 2017 to increase 100 to 500 per cent over last year’s levels according to a recent poll by data analytics firm Fico. A further one in five senior fraud managers surveyed said they expect the increase to be… Read More
22nd May 2017
The government’s new regulation granting federal tax authorities greater access to individual financial account information will not disrupt status quo banking activities, an economist said on Wednesday (17/05). “The implementation of this regulation in lieu of law isn’t expected to disrupt the banking sector, as most banks in OECD [Organisation… Read More
14th April 2017
The World Bank Group announced the debarment of Consia Consultants ApS for 14 years for fraud and corruption. Consia’s Managing Director was also debarred for three and a half years. The World Bank’s Integrity Vice Presidency said in a statement that it found evidence that Denmark-based Consia “made payments to… Read More
22nd February 2017
A group of women are educating bureaucrats, school children and police about the wrongs of corruption. Read More
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”).[1] 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. Read More
2nd February 2017
If the Senate approves, it could change how multinationals deal with foreign governments. Read More
27th January 2017
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. Read More
9th January 2017
In the 2015 Corruption Perception Index, Indonesia improved its ranking to 88, up from 107 the previous year. Despite some skepticism regarding the validity of this ranking, many international observers believe that a large contribution to this improvement is the current government’s strong initiatives to improve governance and accountability, in… Read More