All posts tagged "Tax evasion"
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444AML / KYCPBOC Eases Overseas Transactions Rules for Domestic Payment Firms
Domestic payments institutions can use the cross-border CNY settlement services of banks for e-commerce and 'new models' of foreign trade.
June 23, 2022 -
636Crypto / Digital AssetsTerra Collapse Sparks Regulatory Change, Lawsuits in Korea
The FSC says thirteen relevant bills on digital asset investor protection are currently pending at the National Assembly.
May 26, 2022 -
643AML / KYCMONEYVAL Calls for Clampdown on Crypto-enabled Money Laundering
Some smaller cryptocurrencies are being established specifically with the motive of laundering, while larger virtual assets are seeing "heavy" manipulation.
May 11, 2022 -
617AML / KYCCum-Ex Scandal Widens like a Regulatory Inquisition
A common tax arbitrage trading strategy is now being prosecuted as outright tax avoidance, catching global banks and traders in a broad net.
May 10, 2022 -
567AML / KYCJ5 Publishes Red Flag Indicators to Address NFT Risks
Tax enforcement agencies provide a list of account and transaction attributes from NFT marketplaces that may indicate fraud or other illicit activity.
May 6, 2022 -
738EnforcementMAS Consults on Revised Misconduct Reporting Requirements
Misconduct reports will have to be submitted to MAS within 21 calendar days after an FI has found reasonable grounds to believe that misconduct has been committed.
April 24, 2022 -
795AML / KYCAUSTRAC Issues New Guidance on Ransomware, Crypto Crime
Financial services businesses are asked to use the indicators in the guides in transaction monitoring to detect potential illicit activity and file SMRs.
April 21, 2022 -
811AML / KYCCountries Must ‘Redouble Efforts’ to Fight Financial Crime: FATF
The FATF finds that countries have made "huge progress" in improving technical compliance, but many still face substantial challenges in taking effective action.
April 20, 2022 -
428AML / KYCNew Zealand Pledges to Enhance Beneficial Ownership Transparency
A new bill will require companies to provide accurate beneficial ownership information. A unique identifier will be assigned to all beneficial owners and directors.
March 24, 2022 -
921AML / KYCTax Justice Network: Measures to Address Complex Ownership
Countries should 'name and shame' companies with highly complex ownership structures and consider forcing 'too complex to fail' companies to simplify.
February 22, 2022
