04/15/2008
Suspicious Activity Reports from the banking sector reached a record high in 2007
In 2007, the Money Laundering Reporting Office (MROS) received a total of 795 SARs (619 in 2006), which amounts to a 28.4 % increase over last year’s figure. It is also the third highest reporting volume observed since 1998, the year when MROS began gathering statistics on incoming SARs.
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Read annual report (dated April 2008)
08:06 Posted in Switzerland | Permalink | Comments (0)
04/13/2008
BVI FSC Supplements Anti-Money Laundering Legislation
On 25 February, BVI FSC published 3 new documents related to Anti-Money Laundering legislation. The documents were gazetted on February 22, 2008. The largest document, including 127 pages, is Anti-Money Laundering and Terrorist Financing Code of Practice, 2008.
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17:12 Posted in Territories of the Crown | Permalink | Comments (0)
Liechtenstein and the OECD’s work on offshore tax evasion
In the context of the fraud through Liechtenstein, a note to journalists was published. This note is intended to provide background information on the recent tax evasion affair in Germany that appears to involve a large number of German residents who have taken advantage of Liechtenstein’s secrecy rules and its failure to co-operate with other countries in tax matters.
Read note
10:23 Posted in Liechtenstein | Permalink | Comments (1)