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Executive Summary This study provides estimates of illicit financial flows (IFFs) from Mexico over the period 1970 – 2010 and examines the underlying drivers and dynamics in the context of a simulation model. Since the data needed to run the simulation model are only available for the period 1971-2008, the...
Documents released under freedom of information reveal that the Tax Office and other law enforcement agencies participating in Project Wickenby, an inter-agency taskforce targeting offshore tax evasion, have been quietly developing a comprehensive raft of new measures to combat abuse of ''secrecy havens'' - overseas countries with secretive tax...
Capital of dubious origin goes primarily to Latvia, Cyprus, Great Britain, Switzerland, France and Hong Kong. Russia is developing interaction with these countries to cut short illegal operations, he said. The number of foreign property acquisitions with Russian money has also grown dramatically in recent years, he said. “Moreover, frequently...
Introduction 1.1 The Guideline is published under section 7 of the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance, Cap. 615 (the AMLO). 1.1a The Guideline is also published under section 7(3) of the Banking Ordinance, Cap. 155, and supersedes Guideline No. 3.   “Guideline on Prevention of Money Laundering” (revised in...
This investigation lasted for more than a year and involved dozens of investigative journalists from Russian, Ukraine, Romania, Latvia, the United Kingdom, Serbia and other countries. But we don’t regard it as finished. Despite hundreds of exclusive documents – bank transactions, criminal cases, court decisions from various countries –...
A new money laundering development has recently been identified using savings and loan associations enabling money to be channelled anonymously on an international scale. Even though these savings and loan associations themselves are at present mostly based in Scandinavian countries, this is an international trend using accounts held with financial...