Red flags are warning signs of a potential money laundering/terrorist financing activity. Read more about red flags classified by industry here.
Related Post
Terrorism (Suppression of Financing) Act (TSOFA) An Act to suppress the financing of terrorism, to give effect to the International Convention for the Suppression of the Financing of Terrorism and for matters connected therewith.Click here
Predicate Offence A predicate offence is a crime that is a component of a more serious crime. For example, producing unlawful funds is the primary offence and money laundering is the predicate offence.The term "predicate offence" is usually used in referenced to money laundering or terrrorism financing activities...
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 business taxation and oversee...
Leave a Reply