The FSA has published its Business Plan for 2010/11 which sets out its work programme and priorities for the coming year, as well as the implications for the FSA’s budget. There are few surprises, a key points concerning Financial crime is summarised below. Financial crime – the FSA will focus on market abuse/insider dealing; systems […]

HM Treasury issues statement on money laundering controls in overseas jurisdictions – On 15 March 2010, HM Treasury issued a statement of advice about risks posed by unsatisfactory money laundering controls in a number of jurisdictions. This advice supersedes previous advice issued by HM Treasury in connection with deficiencies in these areas. HM Treasury’s advice […]

This report summarises the anti-money laundering and counter-terrorist financing measures (AML/CFT) that were in place in Germany at the time of the on-site visit (15 May – 5 June 2009) and immediately thereafter. It describes and analyses these measures and offers recommendations on how to strengthen certain aspects of the system. It also assesses Germany’s […]

On the 18th February 2010 The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). In order to protect the international financial system from ML/FT risks and to encourage greater compliance with the AML/CFT standards, the FATF identified jurisdictions that have strategic deficiencies […]

This notification is issued in respect of the financial measures taken against Al-Qaida and the Taliban. Her Majesty’s Treasury issues this notification to advise that on 19 January 2010 the United Nations Al-Qaida and Taliban Sanctions Committee approved the addition of two individuals and one entity to the UN Consolidated List maintained under Resolution 1390 […]

This notification is issued in respect of the financial measures taken against Al-Qaida and the Taliban. Her Majesty’s Treasury issues this notification to advise that on 19 January 2010 the United Nations Al-Qaida and Taliban Sanctions Committee approved the addition of two individuals and one entity to the UN Consolidated List maintained under Resolution 1390 […]

Stolen Asset Recovery – Politically Exposed Persons – A Policy Paper on Strengthening Preventive Measures This policy paper was issued by the Worldbank and deals with politically exposed persons.  It was presented recently at the Conference of State Parties of the Convention against Corruption in Doha. This Policy Paper on Politically Exposed Persons (PEPs) is […]

HMRC ups use of terror laws to hunt tax evaders HM Revenue and Customs (HMRC) inspectors are increasingly using controversial powers to monitor suspected tax evaders, official figures suggest. Revenue officers were granted 5,492 requests to spy on people under the Regulation of Investigative Powers Act (Ripa) 2000, legislation designed tackle terrorism and serious crimes, […]