All posts tagged "Tax evasion"
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690EnforcementFinance 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 -
927AML / 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 -
525Australia & 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 -
727AML / 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 -
448AML / 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 -
517AML / KYC
Former Macquarie Consultant Jailed for Money Laundering, Tax Evasion
Anthony Castagna and his accountant cousin Robert Agius conspired to have money paid by Macquarie for consulting funneled through offshore entities in Vanuatu to evade tax in Australia.
August 13, 2018 -
340AML / KYCS. Korea Announces Revised Tax Bill
Bill expands crackdown on tax evasion, ends derivatives tax exemptions, disqualifies crypto exchanges as SMEs for tax reductions.
August 6, 2018 -
430AML / KYCMAS Proposes Amendments to Misconduct Reporting Regime
Proposed changes aim to provide greater clarity on requirements and reduce errors in the submission of misconduct reports; reference checks to be mandatory when recruiting staff.
July 12, 2018 -
241AML / KYC
Australia Joins New International Tax Enforcement Alliance
The 'J5' will three global tax enforcement initiatives: cybercrime and virtual currencies, enablers of offshore tax crime, and data platforms; new alliance includes Canada, US, UK, Netherlands.
July 11, 2018 -
637AML / KYCTax Law Forces New Zealand Banks to Freeze Accounts
Banks required to find out whether customers are foreign tax residents and report to Inland Revenue; unresponsive customers are having their accounts put on hold.
July 4, 2018
