By continuing your visit to this site, you accept the use of cookies. These ensure the smooth running of our services. Learn more.


Guidance Regarding the Implementation of Activity-Based Financial Prohibitions of United Nations Security Council Resolution 1737

The FATF last week published Guidance regarding the implementation of activity-based financial prohibitions of United Nations Security Council Resolution 1737.

Read document

06:00 Posted in General | Permalink | Comments (0)


OECD reports progress in fighting offshore tax evasion, but says more efforts are needed

Many financial centres, both onshore and offshore, are making progress in improving transparency and international co-operation to counter offshore tax evasion, but some still fall short of international standards that have been developed over the last seven years, according to OECD assessments.

Significant restrictions on access to bank information for tax purposes remain in three OECD countries (Austria, Luxembourg and Switzerland) and in a number of offshore financial centres (e.g Cyprus, Liechtenstein, Panama and Singapore). Moreover, a number of offshore financial centres that committed to implement standards on transparency and the effective exchange of information standards developed by the OECD’s Global Forum on Taxation have failed to do so.

Know more

06:14 Posted in General | Permalink | Comments (0)


re: The Auditors

Francine McKenna has twenty-plus years of experience in the professional services environment, including tenure both in the US and abroad at PwC, KPMG/BearingPoint, JP Morgan and Jefferson Wells/Manpower.
She has created a blog that focusses on auditors for the reader

- to know how big four firms especially really work, to understand the conflicts and inherent pressure that they are now under in the age of globalizaton and government regulation

- to understand the reasons why his (her) investment, his (her) employer, his (her) customer, or his (her)vendor "suddenly" collapses in scandal or bankruptcy without warning from the firms charged with seeing through the games that self-serving executives will play

- to learn more about the interconnectivity between the firms, their clients, and the other players in the financial markets - the regulators, the rating agencies, the lawyers, the consultants, the bankers and the politicians

- to enlarge his (her) perspective in an entertaining, surprising and, sometimes, unpredictable way

Go to the blog

06:35 Posted in General | Permalink | Comments (0)