Corporate tax remains key revenue source, despite falling rates worldwide, OECD research finds
Taxes paid by companies remain a key source of government revenues, especially in developing countries, despite the worldwide trend of falling ...
£1 million diamond ring linked to Azerbaijani banker's UWO case seized
A high value Cartier diamond ring purchased by jailed Azerbaijani banker Jahangir Hajiyev has been seized by NCA investigators as part ...
Luxembourg's register of beneficial ownership comes into effect
Luxembourg has established a register of beneficial ownership as part of wider European Union measures to combat money laundering and financial ...
London law firm partner fined £45,000 in AML case linked to Panama Papers scandal
A partner at private client London law firm Child & Child has been fined £45,000 for breaching anti-money laundering rules, according ...
British Overseas Territories' deadline for public ownership registers pushed back to 2023
The deadline for British Overseas Territories to establish public ownership registers has been extended from 2020 to 2023 at the earliest
Bermuda's economic substance legislation comes into force
Bermuda's economic substance legislation has become operative, in a bid to address concerns raised by the EU Council's Code Group, according ...
Malta launches online platform for trusts register
The Malta Financial Services Authority (MFSA) has developed an online platform for its trusts beneficial ownership register, as part of its ...
EU wide approach needed to protect crypto-asset investors
The European Securities and Markets Authority (ESMA) has published its advice to the European Union (EU) Institutions - Commission, Council and ...
HMRC launches Profit Diversion Compliance Facility
HMRC is launching the Profit Diversion Compliance Facility to encourage firms to make voluntary disclosures about mistakes or failures in respect ...
£3.5 million money launderers tried to stuff cash into office drawer
Two men caught trying to hide more than £100,000 in a filing cabinet have been jailed for laundering £3.5 million of ...