Dubai’s DIFC tightens anti-money laundering rules
New rules target non-financial businesses operating out of the centre
New rules target non-financial businesses operating out of the centre
Investigations into Fifa and Brazilian and Venezuelan oil companies revealed ‘deficiencies’
The IoM regulator improves oversight in eight out of 40 problem areas
Proposals will limit EU-backed anti-money laundering recommendations
Tax residence benefits are only for businesses that have real substance, says central bank
Small advice firms could face tougher anti-money laundering (AML) safeguards under a regime drafted by the Financial Action Task Force (FATF), which has published a series of red flags for suspicious insurance contracts.
UK anti money laundering efforts are struggling because heavy handed reporting rules are creating a glut in poor quality reports – a reform body has said.
One year after the deadline, most European Union member states have failed to implement Brussel’s 4th Anti-Money Laundering directive.
The UK, Canada, the Netherlands, the United States and Australia have launched an international tax and anti-money laundering team.
Dubai’s property market is being abused by money launderers, according to a campaign group which has published a report based on leaked documents.
The UAE and Hong Kong have been included in a list of overseas jurisdictions which the UK’s National Crime Agency says have the most enduring money laundering impact on the UK.
Cross-party support is mounting in the UK for an anti-money laundering bill which could force the beneficial owners of companies based in the British overseas territories and Crown dependencies to be identified on a public register.