The UK has joined forces with Canada, the Netherlands, the United States and Australia to launch the Joint Chiefs of Global Tax Enforcement (J5) - a new alliance dedicated to tackling international tax crime and money laundering.

The group aims to build on existing international cooperation by sharing intelligence and expertise, and will work together on joint operations to crack down on those who make a living out of enabling tax crime.

At its first meeting, the J5 brought together specialists in tax and other financial crimes from each of the five member countries. Together they developed tactical plans and identified opp...