Posts Tagged ‘Add new tag’
18.06.09 Taliban, Al Qaeda finances recovering
Investigation shows Taliban in Afghanistan and Pakistan get money from extortion, crime and drugs.Taliban refer to extortion money as tolls, taxes or zakat PESHAWAR: For the Taliban in Afghanistan and Pakistan, money is coming mostly from extortion, crime and drugs, an AP investigation claims Funding for the Al Qaeda is more diverse ...
14.04.09 Crime Pays: Cops Given £5.5m Of Seized Assets
More than £5m of assets seized from criminals is to be handed to police across England and Wales, the Home Office has announced. Half of the a total of £31.8m in criminal assets, confiscated between October and December last year, will be shared ...
31.03.09 SOCA Issues Warning To Drug Traffickers
The Serious Organised Crime Agency is warning drug traffickers they will face a long time behind bars if they attempt to import drugs into the United Kingdom. Tobagonians Owen Alfred and Oswin Moore were jailed for 18 and 15 years respectively in London today for their roles in a cocaine trafficking ...
16 March 2009 HM Treasury warns businesses of serious threats posed to the international financial system
The Financial Action Task Force (FATF) has announced that it remains concerned by Iran’s failure to meaningfully address the deficiencies in its Anti-Money Laundering and Combating Terrorist Financing (AML/CTF) regime, particularly in respect of terrorist financing and suspicious activity reporting. The FATF has called on its members to consider effective countermeasures ...
11/03/09 Brown and tax havens – Treat ‘em mean
Editorial: The Guardian However slowly, however piecemeal, progress is being made in forcing tax havens to become less secretive. Yesterday it was the turn of Jersey to sign an agreement with the UK that it will share information about offshore tax payments. Gordon Brown has been sounding tougher too. In his ...
25/02/09 India poised to have FATF entry approved
New Delhi: A Bill aimed at effectively combating money-laundering, terror financing and cross-border economic offences was passed by Parliament on Tuesday, with the Lok Sabha approving the measure. The Prevention of Money Laundering (Amendment) Bill, 2009, passed by the Rajya Sabha last week, seeks to ensure a legal framework to check ...
25/02/09 Garda fraud officers continue Anglo probe
THE Garda Fraud Squad raid on the offices of Anglo Irish Bank was unprecedented and could lead to criminal prosecutions, according to legal experts. On Monday, a judge in Dublin's District Court granted officers from the Garda Fraud Squad permission to enter three separate premises of Anglo Irish Bank and take ...
12/02/2009 14,000 tax avoidance schemes and counting…
At the last count, since rules requiring the disclosure of tax avoidance arrangements to HMRC were introduced in 2004 there had been around 14,000 such schemes. Or so we thought. Now it seems these might be far from the limit of the problem, as many "promoters" of schemes, such as accountants, ...
31/01/2009 Human trafficker and Benefit Fraudster to payback £42K
The first ever case of human trafficking in Cheshire ended on 23 January 2009, with the sentencing of Cai Hong Yang, 44, at Warrington Crown Court. Yang received 16 months for the police charges against her, and an additional four months for charges of benefit fraud, brought against her by the ...
Ongoing Monitoring – What are the practical implementations for existing clients?
Do the requirements to carry out ongoing monitoring of customer due diligence measures and client’s business relationships mean that you must obtain a passport and utility bill from your existing clients or that you must investigate all the business affairs of your clients? For many existing clients which date from 1 ...
