Money Laundering/AML

Online KYC platform The ID Register has spun out of Apex Group Ltd. in a management buyout led by its founder, Tim Andrews

A restaurant owner who laundered cash stolen by his VAT fraudster wife has been ordered to hand over £1.2 million within three months or face an extra seven-and-a-half years in jail

Andrew Fahie - the Premier and Minister of Finance of the British Virgin Islands (BVI) - has reiterated the jurisdiction’s support of the UK towards implementation of a publicly accessible register of beneficial ownership

The UK’s plans to reform the register of company information to clamp down on fraud and money laundering following the release of the FinCen files will go some way towards strengthening controls but a further tightening of the regulatory environment must follow,  a director at tax and advisory firm Blick Rothenberg has said.

Leaked US government documents have revealed that big banks have defied money laundering crackdowns by moving large sums of illicit cash for individuals and criminal networks, according to the International Consortium of Investigative Journalists (ICIJ)

UK solicitors have one month to check the latest HM Treasury list of asset freeze targets to make sure they are not holding monies belonging to a client that is subject to financial sanctions

There were 73,000 tax evasion whistleblowing reports were made online to HMRC in the last year.

The Financial Services Authority (FSA) of the Seychelles and the Chartered Institute for Securities & Investment (CISI) have partnered to promote professional standards in the capital market sector of The Republic of Seychelles.

The Swiss Federal Council have adopted dispatches on a new double taxation agreement (DTA) with Bahrain, subject to approval from the relevant legislative bodies.

The European Banking Authority (EBA) has shown its support for the EU Commission’s efforts to strengthen its anti-money laundering and counter terrorism financing AML/CFT framework.