All posts tagged "Tax evasion"
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95AML / KYCAustralian Mining Magnate Charged Over A$38.5m Tax Evasion
The founder of a mining software and equipment company did not disclose overseas trust assets and evaded income tax over 15 years.
August 4, 2021 -
123AML / KYCAMLC Examines Philippine Exposure to Tax Crimes
The study was conducted in light of the recent AML Act amendment which included the commission of tax crimes in the list of predicate offences for money laundering.
July 12, 2021 -
156AML / KYCAUSTRAC Assesses Risk in Non-bank Lending & Financing Sector
The main threat facing the non-bank lending and financing sector is fraud, particularly loan application fraud, identity fraud and welfare fraud.
June 29, 2021 -
138AML / KYCKorean Officials Seize Cryptocurrency from Tax Evaders
Investigators had to compare tax evaders' mobile phone numbers against those registered at crypto exchanges in order to track down their account details.
June 24, 2021 -
153AML / KYCPhilippine SEC Backs Amendments to Bank Secrecy Law
Bank secrecy has prevented the SEC from validating information and establishing the owners of bank accounts linked to securities violations.
June 21, 2021 -
167AML / KYCPhilippines: 26 Groups Jointly Call for Easing of Bank Secrecy Law
The groups say the Philippines lags the world on bank secrecy and allows politicians and other government officials to hide unexplained wealth.
June 2, 2021 -
134AML / KYCUS Treasury Paper Outlines Proposal for New Tax Reporting Regime
The paper proposes that transfers involving crypto assets worth more than USD 10,000 be reported to the IRS under the new reporting regime.
May 25, 2021 -
286AML / KYCUS DOJ Penalises Swiss Life for Facilitating Tax Evasion
Swiss Life and its subsdiaries created and marketed insurance products specially designed for US persons seeking to hide offshore assets and evade tax.
May 17, 2021 -
379AML / KYCChinese Regulators Issues Draft Rules for Wealth Connect Scheme
A 150bn yuan ceiling is proposed as the trading quota for the new scheme, with a 1mn yuan individual limit. A launch date has not yet been set.
May 10, 2021 -
334AML / 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
