OECD/G20 inclusive framework on BEPS 2020

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…

EBA central database on AML/CFT in the EU

The RTS on a central database on (AML/CFT) in the EU specify the definition and the materiality of weaknesses identified by competent authorities, the type of information collected, and how such information will be communicated to the EBA…

HSBC discovery of a ML network

HSBC discovered a suspected money laundering network that received $4.2bn (£3bn) worth of payments, it has emerged, raising questions over whether it disclosed the information to US monitors who at the time…