Money Laundering/AML

The British Virgin Islands (BVI) has launched an independent inquiry into corruption, supported by the UK government

The US has extended its consultation on cryptocurrencies and anti-money laundering regulations

The Jersey Financial Services Commission (JFSC) has updated its definition of ‘anti-money laundering legislation’ in a number of our Codes of Practice

Last year HMRC published its annual accounts for 2019/20 which once again highlighted the reduction of the UK’s Tax Gap. Since first being recorded in 2005/06, the Tax Gap had largely been falling....

Reports of a further Covid-19 related scam have emerged.

A money service business (MSB) has been hit with a record £23.8 million fine for flouting money laundering regulations

The common practice in the art world of protecting clients’ confidentiality and shielding transactions with a cloak of secrecy has been challenged in a recent decision by the High Court (Hickox v. Dickinson [2020] EWHC 2520 (Ch)) which has resulted in a peek behind the normally closed doors of private art sales...

The Supreme Court has dismissed the application by Zamira Hajiyeva, the wife of jailed Azerbaijani banker Jahangir Hajiyev, to appeal the Unexplained Wealth Order made against her by the National Crime Agency

The Chancellor of the Exchequer, Rishi Sunak, has announced that the UK government will publish the Budget on Wednesday 3 March 2021

One of the first things you see when you search ‘locate Isle of Man’ on Google is “Welcome to the perfect work life balance.” Covid-19 certainly has changed people’s perspective on their work/life balance before and after the occurrence of the pandemic and as a result we are seeing more “Entrepreneurs” relocate to the Isle of Man.