Beneficial Ownership

What is Tax Evasion?

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What is Tax Evasion? Tax evasion can be conducted through many methods. It is sometimes confused with tax avoidance, which is not illegal. In this article we will identify what is tax evasion and where it is conducted globally. What is the penalty for tax evasion? The penalty for tax evasion can be severe. It… Read More

AML

AML Knowledge

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Encrypted messaging platform

AML Knowledge Bring yourself up to date with this useful list of AML Knowledge articles. We design training packages for your staff around AML and the below is just a small section of our knowledge base. It is important to consider your requirement for bespoke training aligned to your risk. See our training page to… Read More

AML

Financial Services Information Sharing

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Financial Services Information Sharing The risks for Financial Services information sharing are multiple. Yet on balance there is a risk to also not sharing. A risk of compliance failures. This post describes the concept of sharing data between and external to the financial services industry and the benefits of doing so. With greater regulation of… Read More

Compliance

6AMLD definitions

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6AMLD definitions The 6AMLD definitions to streamline Money laundering and predicate offences will help prosecutors to prosecute more offences than previously. Here they are. For the purposes of 6AMLD definitions, the following apply: Article 2 (1) ‘criminal activity’ means any kind of criminal involvement in the commission of any offence punishable, in accordance with national… Read More

AML

What AML Operators Need To Know About Illicit Trade.

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Multiple forces are at play on the world stage to facilitate illegal trade globally. Many will say that human greed is at the heart of it, others will blame over regulation; these two factors are at play in nation states that struggle to compete and are held to ransom by major corruption or criminality. It’s not so much one for all as ‘one for one’ in those economies driving the economy ever downward as legitimate business flees. Read More