The parliament of United Kingdom made history today by voting to release beneficial ownership information on its overseas territories (OTs) publicly. The amendment requires 14 OTs to disclose the information by 2020. However, the amendment does not apply to the Crown ... Read More →
Europe
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17 Countries Listed in New EU Tax Blacklist
On December 5, the European Union (EU) released a blacklist of 17 countries for failing to meet agreed tax good governance standards. The list was put together by EU's Code of Conduct Group (Business Taxation) team, who are responsible for assessing the tax measures for ... Read More →
BCBS: AML/CFT Risks and opportunities on Fintech
The Basel Committee on Banking Supervision (BCBS) released a consultation paper on the implications of fintech for the financial sector last Thursday on August 31st named, Sound Practices: Implications of fintech developments for banks and bank supervisors. The paper ... Read More →
Credit Suisse Raided for Tax Evasion Probe in 5 Countries
Switzerland's second-largest bank, Credit Suisse, has been raided on Thursday after a tip-off to Dutch prosecutors. The coordinated raids happened in, Netherlands, Britain, Germany, France and Australia. Dutch Anti-Fraud Agency, the FIOD, are "investigating dozens of ... Read More →
