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.

Know more

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12/05/2007

National Audit Office Report on the Crown Protectorates

National Audit Office Report on the Crown Protectorates demonstrates that the enforcement of the legal and regulatory framework is not credible in these financial centers (see p 23 of the report).
The positive thing is the transparency of the Audit Office on the issues. The bad thing is that the political will is missing as british authorities are aware of the situation.


Read report

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11/30/2007

British tax havens non compliant

The National Audit Office has published a review for the Foreign and Commonwealth Office on Managing risk in the Overseas Territories.


Read summary of the report

Read Richard Murphy's analysis

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