EU demands members ‘phase out’ golden visas
The schemes jeopardise and pose security risks to the bloc, European Commission says
AML
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Canada to criminalise ‘reckless’ advisers
Changes target professionals who intentionally or inadvertently facilitate tax evasion
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UK public register delay delights crown dependencies
Jersey, Guernsey and Isle of Man do not want to see UK ‘breach’ rules of consent on domestic matters
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Crown dependencies fight UK-mandated public registers
British parliament trying to force jurisdictions to create open beneficial ownership registers
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‘Significant flaws’ in tax evasion verdict, claims UBS
The Swiss bank called the French judges’ decision ‘superficial, inconsistent and contradictory’
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NFL financial adviser jailed for fraud scheme
Jason Jernigan will serve 28 months in prison for conspiring to commit fraud and money laundering
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Swift backlash against EU’s anti-money laundering blacklist
US and Panama angry with 23-strong list, as critics say its process was ‘flawed’
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Malta financial regulator to kick out money laundering issues
Reports say investigation into recently-closed Pilatus Bank may have been ‘rushed’ to look proactive
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UK a world leader in fight against money laundering
It opens around 7,900 investigations; with 2,000 prosecutions and 1,400 convictions each year
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French asset manager refutes tax fraud claims
The firm is under investigation by French financial authorities for tax fraud and money laundering
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Malta faces high money laundering risk
Study reveals weaknesses in controlling cash movements at ports of entry
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EU needs single anti-money laundering authority, says thinktank
New regulator needs power to levy huge fines to stop stream of scandals