31st March 2016
BRUSSELS/KUALA LUMPUR, – Luxembourg’s state prosecutor has launched a judicial inquiry into allegations of money laundering involving hundreds of millions of dollars against Malaysia’s sovereign wealth fund 1Malaysia Development Bhd (1MDB). Read More
22nd March 2016
HM Revenue & Customs has admitted it will fail to reach its £1bn target to recoup money funnelled offshore to evade paying tax as it is too busy with its existing workload. Read More
17th March 2016
The New Zealand Treasury has questioned major banks over their severing of ties with remittance services, according to an official document seen by Reuters, amid concern over rising costs of money transfers and a lack of oversight. Read More
15th March 2016
Panama has ignored the majority of requests for information sent by Malta’s anti-money laundering agency (FIAU) for 10 years, highlighting the difficulty of penetrating the country’s strict secrecy laws. Read More
14th March 2016
Please be advised that there have been a number of developments in relation to the Bailiwick’s sanctions regime which are set out below.  These developments concern sanctions relating to North Korea and Ukraine. Read More
10th March 2016
Washington (AFP) - Two units of a Cayman Islands financial institution have pleaded guilty to helping US clients hide money as the US crackdown on tax evasion reaches beyond Switzerland, officials said Wednesday. Read More
7th March 2016
This Notice is issued further to a recent Sanctions Notices issued in relation to the addition of eleven individuals and one entity to the list of persons associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267 ( the listed persons). Read More
2nd March 2016
The consul of Panama, John A. Gauci-Maistre, writing on behalf of the Panamanian foreign ministry has rejected claims that the country is a tax haven. Read More
29th February 2016
The Authority has been notified that the Isle of Man Treasury has recently published new and updated information regarding the above Sanction regime. Read More
26th February 2016
Please be advised that the United Nations Security Council has amended the details in respect of five individuals (“the listed persons”) on the list of persons associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267. All persons on the list are subject to restrictive measures which include targeted financial sanctions. Read More