Ethics and governance in the European Financial centers

The Irish Times reported that a lease between the partners in a development and another company established by them to avoid paying VAT was invalid, because of the absence of prior written consent of the mortgagee. In addition, the lease and leaseback had no commercial reality and constituted an abusive practice under EU law, rendering invalid the VAT classification on the transaction.

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Last June the IMF issued a book that brings together conference papers in which participants discuss: information exchange for an effective anti–money laundering/combating the financing of terrorism (AML/CFT) regime, in terms of both standards and practices.

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The website, www.antimoneylaundering.ie, is run by Peter Oakes. Peter is Principal and founder of Compliance Ireland, a specialist regulatory consulting and training business for Irish and UK financial firms and professionals. Peter is admitted to the rolls of solicitors in England & Wales, the Republic of Ireland and Australia (New South Wales). Although qualifying as a solicitor, Peter now practises as a regulatory & management consultant, business coach and trainer, particularly in the areas of financial services (e.g. banking, credit unions, other credit providers, insurance, brokers & mutual funds), data protection and general business consulting to enterprises of all sizes. Peter is available to serve as a non-executive director on the boards of corporations and mutual funds to assist these bodies meet their corporate and regulatory governance requirements.

The website provides the latest information about the money laundering issues, laws and regulations in Ireland.

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