All posts tagged "Tax evasion"
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314AML / KYCPhilippines Makes Push to End Bank Secrecy
BSP governor Benjamin Diokno has said the central bank wants to help convince lawmakers of the importance of lifting bank secrecy as part of a bill to grant amnesty to errant taxpayers.
October 15, 2019 -
270AML / KYCMalaysia Passes Bill to Form New Anti-Financial Crime Body
Expected to launch in January, the National Anti-Financial Crime Centre (NAFCC) will coordinate the efforts of 12 enforcement agencies to tackle financial crime.
October 13, 2019 -
245AML / KYCTaiwan Seeks Significantly Higher Penalties for Tax Evasion
Reports indicate there is considerable support to raise the maximum fine for tax evasion from NT$60,000 to NT$100mn.
September 24, 2019 -
1.2KAML / KYCFATF Releases Mutual Evaluation Report for Hong Kong
Hong Kong needs to enhance prosecution of money laundering involving crimes committed abroad and strengthen supervision of certain non-financial businesses.
September 4, 2019 -
604AML / KYCAustralia Introduces Bill to Criminalise Cash Payments Over A$10,000
Under the proposed law, Australians would face up to two years’ jail and A$25,200 in fines if cash transactions between business and individuals exceed A$10,000.
August 22, 2019 -
814EnforcementFinance Should be a Force for Good: MAS
Financial institutions need to build trust, inclusivity and sustainability in order to be a force for good, MAS managing director Ravi Menon said in a speech on Monday.
June 5, 2019 -
1.2KAML / KYCWolfsberg Group Publishes Guidance on Customer Tax Evasion
Financial institutions should be able to leverage existing financial crime compliance, conduct and tax (including tax transparency regimes) procedures and controls, to address the risks of customer tax evasion.
May 15, 2019 -
642Australia & NZAustralia Cracks Down on Cryptocurrency Tax Evasion
The Australian Taxation Office is collecting data from cryptocurrency exchanges to feed into its data-matching technology to identify tax evaders.
May 3, 2019 -
803AML / KYCChina to Strengthen Compliance Management at Overseas Bank Branches
CBIRC guidelines require Chinese banks to strengthen compliance management at overseas branches in relation to AML/CTF, tax evasion, sanctions, consumer protection and cybersecurity.
January 24, 2019 -
490AML / KYCHong Kong FIs Share Foreign Tax Resident Data with IRD – Report
Over 1,700 financial institutions have shared customer account balances and income details with the tax authority, as required by AEOI.
September 12, 2018
