Archives > 2007-12

Revenue & Customs officers investigating a suspected £20 million VAT missing trader and money laundering fraud swooped in early morning raids today making six arrests in Scotland. Codenamed Operation Vaulter, today's action is the result of a 24-month long investigation and follows the arrest of 17 persons in North West England last September. Know more

As Tom Lyons reported today in The Sunday Times , PAY-TELEVISION broadcaster Setanta Sports has slashed at least £17m from its tax bill by setting up a subsidiary in Luxembourg. This will feed again the reputation of tax haven. Know more

The last report from the FATF that was issued a few days ago is definitely very interesting. Besides a dubious grant from Luxembourg I have already commented , the report states that " The...

The summary of the report on the Principality of Monaco was published last 18 December. According to the report (paragraph 3), " the Principality has a satisfactory legal framework to combat...

MONEYVAL is a Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism that was established in 1997. This evaluation and peer pressure mechanism...