All posts tagged "Tax evasion"
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164AML / KYCAUSTRAC Issues Guidance on Filing More Effective SMRs
The new resources include a reference guide and checklist, and feature guidance on how to write succinct, accurate and clear grounds for suspicion.
May 3, 2021 -
74AML / KYCBSP Renews Push for Changes to Bank Secrecy Law
BSP Governor Benjamin Diokno expects a pending bill to be acted upon by Congress as early as May.
April 23, 2021 -
138AML / KYCJohn McAfee Indicted for Crypto-related Fraud, Money Laundering
McAfee and his associate allegedly used their large Twitter following to promote altcoins and ICOs to investors through a so-called pump-and-dump scheme.
March 8, 2021 -
222AML / KYCGFI Offers Recommendations on Advancing FinCEN Reforms
Global Financial Integrity says money laundered from tax evasion and illicit funds entering the US financial system from overseas are estimated at $1tr.
March 6, 2021 -
296AML / KYCOECD Calls for Global Crackdown on ‘Professional Enablers’
The OECD says each jurisdiction should implement a national strategy to deal with lawyers, notaries, accountants, and FIs that facilitate tax evasion, bribery and corruption.
February 27, 2021 -
546AML / KYCFighting TBML to Sustain a Post-pandemic Recovery in APAC
As we inaugurate the next phase of international trade, the FATF is pushing trade-based money laundering to the top of the international community’s agenda, says Claus Christensen at Know Your Customer.
January 28, 2021 -
566ChinaChina Relaxes Restrictions on Cross-Border RMB Business
Domestic banks can open personal RMB accounts for Hong Kong and Macau residents, which can be used to receive up CNY 80,000 daily from same name accounts.
January 6, 2021 -
234AML / KYCAustralia Throws Out Bill to Criminalise Cash Payments Over A$10,000
The bill would have imposed a fine of up to A$25,500 and two years’ jail for cash payments exceeding A$10,000. The bill is now "officially dead", according to one senator.
December 6, 2020 -
2.0KAML / KYCAUSTRAC Wants Lawyers, Accountants Under its AML Remit
AUSTRAC chief Nicole Rose expressed concerns that professional facilitators are being used to evade money laundering detection.
October 23, 2020 -
4.0KAML / KYCGlobal Tax Evasion Probe Targets Euro Capital Bank, Puerto Rico
Euro Pacific Bank, founded in 2017 by Peter Schiff and Mark Anderson, is said to be used by up to 400 Australian nationals, about 100 of which are considered “high-risk”.
October 18, 2020
