by AdrianaAMLP | Jan 14, 2022
OECD/G20 Inclusive Framework on BEPS releases 2020 peer review assessments of 131 jurisdictions on the exchange of tax rulings information. The framework focuses on 5 key elements: i) information gathering…
by AdrianaAMLP | Dec 16, 2021
GFI documented the international problem of “trade misinvoicing”—when importers and exporters deliberately falsify the declared value of goods on the invoices they submit to their customs authorities to illicitly transfer money across international borders, evade tax...
by AdrianaAMLP | Dec 13, 2021
IMF-World Bank proposes a draft framework for ML/TF risk assessment in remittance corridors having the potential of being identified as safe remittance corridors. It provides a contribution to the FSB’S Roadmap for Enhancing Cross-Border Payments…
by AdrianaAMLP | Nov 18, 2021
FinCen has asked banks to file a report when they come across a transaction that might be linked to such activity. Under U.S. AML laws, financial institutions are required to screen customers and money transfers for suspicious activity, and notify FinCEN of...
by AdrianaAMLP | Nov 10, 2021
The Wolfsberg Group endorses the “Guiding principles for screening ISO20022 payments” published by SWIFT and incorporating the input of major users of SWIFT.
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