Posts Tagged ‘International News’
09.09.09 Proposed amendments to Jersey’s Anti-Money Laundering Legislation
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, ...
04.09.09 Netherlands Concludes TIEAs With Caribbean Islands
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 ...
31.07.09 Serious organised crime review published
The Government's new strategy for tackling serious organised crime, entitled Extending Our Reach: A Comprehensive Approach to Tackling Serious Organised Crime, has been published. The strategy endorses many of SOCA's current ways of working, including by seeking to cement a collaborative approach and to embrace wide-ranging tactics. The strategy's four main aims ...
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 ...
18.05.09 Tax haven crackdown to hit offshore financial centres
The number of offshore financial centres could shrink by half within the next five years as the worldwide crackdown on tax havens gathers pace, according to a prominent Jersey-based financial lobbyist. Geoff Cook, chief executive of Jersey Finance, a promotional body representing the financial services industry on the Channel Island, said: ...
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 ...
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, ...
