Archive for September, 2009

23.09.09 HMRC announce MSB online register

September 23, 2009  |   HMRC News and Guidance   |     |   0 Comment

HMRC had recently sent out a letter to all Money Service Businesses (MSBs) to tell them about their intention to publish an online MSB register by the end of 2009. This register is currently being developed and will be called the MSB online registration check. When finished it will allow for ...

16.09.09 Four arrested connection with a £9m mortgage fraud

September 16, 2009  |   General News & Cases   |     |   0 Comment

Four men have been arrested by the City of London Police force in connection with a £9m mortgage fraud against a major insurance company.   40 police officers have been involved in the operation in the South-East of England which has led to a number of co-ordinated searches on four houses, the ...

14.09.09 HM Revenue and Customs officers arrested 21 people in raids in a multi million pound construction industry fraud.

September 14, 2009  |   General News & Cases,HMRC News and Guidance   |     |   0 Comment

The twenty one arrests, consisting of eighteen men and three women, were made covering areas as diverse as the West Midlands, Staffordshire, London and Greater Manchester. The suspects were arrested on suspicion of conspiracy to ‘cheat the public revenue’ and ‘money laundering’ offences amounting to over £6 m. They were ...

10.09.09 Serious Fraud Office (SFO) launches investigation into JJB and Sports Direct

September 10, 2009  |   General News & Cases   |     |   0 Comment

Following an OFT investigation into the sports retail market, it has been announced that the Serious Fraud Office (SFO) has now begun its own investigations into JJB Sports and Sports Direct. JJB Sports revealed that it had stated its concerns about possible cartel activity in its market to the OFT which ...

09.09.09 Proposed amendments to Jersey’s Anti-Money Laundering Legislation

September 09, 2009  |   International News   |     |   0 Comment

The Jersey Financial Services Commission has published a consultation paper concerning proposed amendments to the ‘Money Laundering (Jersey) Order 2008’. The Money Laundering (Jersey) Order 2008’ requires Regulated businesses to apply policies and procedures for the prevention and reporting of money laundering. These include policies and procedures for customer due diligence, ...

08.09.09 Accountant jailed for eight years for tax fraud

September 08, 2009  |   General News & Cases   |     |   0 Comment

John Warman who holds no qualifications to be an accountant, operated a sole practitioner practice dealing with the affairs of a number of clients. He conspired to steal £2.5m from HMRC was told by the Judge that he lived in a 'fantasy world' as he jailed him for eight years. ...

04.09.09 Netherlands Concludes TIEAs With Caribbean Islands

September 04, 2009  |   International News   |     |   0 Comment

In a further tightening of the net for international tax evasion, the Netherlands Ministry of Finance has announced the signing of tax information exchange agreements (TIEAs) with three Caribbean territories. The agreements with St Kitts and Nevis, and the TIEAs with Antigua and Barbuda and St Vincent and the Grenadines, were ...

02.09.09 BTC to participate in HMRC Forum for TCSP’s

Steve O’Neill of Business Tax Centre has been chosen to be a part of HMRC’s supervisory forum for Trust and Company Service Providers. This is the second such forum organised by HMRC, the first being one for large money service businesses. The forums organised by HMRC’s ‘Money Laundering Regulations Team’ meet ...