The Cayman Islands Receive “Top Honors.” But, Global Financial Transparency is Reportedly Improving in General -
The United States has overtaken Switzerland as a financial secrecy haven, according to the latest rankings –...more
2/21/2020
/ Beneficial Owner ,
Cayman Islands ,
Common Reporting Standard (CRS) ,
Corruption ,
FATCA ,
Financial Crimes ,
Financial Services Industry ,
Hedge Funds ,
International Tax Issues ,
Money Laundering ,
Non-Residents ,
OECD ,
Offshore Banks ,
Offshore Funds ,
Shell Corporations ,
Tax Avoidance ,
Tax Evasion ,
Transparency ,
White Collar Crimes
DOJ Targets Professional Enablers of Alleged Tax and Laundering Schemes -
On December 4, the Office of the U.S. Attorney for the Southern District of New York unsealed an elaborate indictment charging three professionals —...more
12/14/2018
/ Asset Management ,
Beneficial Owner ,
Corruption ,
Criminal Investigations ,
Criminal Prosecution ,
Financial Crimes ,
Indictments ,
International Consortium of Investigative Journalists (ICIJ) ,
Money Laundering ,
Mossack Fonseca ,
Offshore Funds ,
Panama Papers ,
Tax Evasion ,
White Collar Crimes
The Department of Justice (“DOJ”) has secured its first conviction ever under the Foreign Account Tax Compliance Act, or FATCA, through the guilty plea of Adrian Baron, a former executive of Loyal Bank Ltd., a bank with...more
9/18/2018
/ Banking Sector ,
Beneficial Owner ,
Broker-Dealer ,
Criminal Convictions ,
Criminal Prosecution ,
FATCA ,
Financial Transactions ,
Foreign Financial Accounts ,
Foreign Financial Institutions (FFI) ,
Indictments ,
Investment Management ,
Kickbacks ,
Money Laundering ,
Offshore Funds ,
Reporting Requirements ,
Securities Violations ,
Tax Evasion ,
Tax Fraud
The beleaguered law firm at the center of the international Panama Papers scandal – Mossack Fonseca – has announced that it is closing its doors. It offered no apologies....more
3/16/2018
/ Banking Sector ,
Beneficial Owner ,
Corruption ,
Criminal Investigations ,
Data Breach ,
Money Laundering ,
Mossack Fonseca ,
Offshore Funds ,
Panama Papers ,
Popular ,
Shell Corporations ,
Tax Haven ,
White Collar Crimes
Starting on April 27, and finishing on May 2, the European Parliament (EP)’s Committee of Inquiry into Money Laundering, Tax Avoidance and Tax Evasion (PANA) is holding two meetings to present several related studies which...more
5/2/2017
/ Attorney Misconduct ,
Attorney-Client Privilege ,
BSA/AML ,
EU ,
Financial Institutions ,
Legal Entities ,
Money Laundering ,
Offshore Funds ,
Panama Papers ,
Tax Evasion ,
Young Lawyers