Russia amongst ten new non-cooperative tax jurisdictions on EU grey list, Turkey escapes black list
Russia and nine other countries have been added to the EU’s so-called grey list of non-cooperative jurisdictions for tax purposes. Turkey meanwhile has escaped being put on the EU’s black list of countries that need to substantially reform their tax policies.
New EU AML Authority centrepiece in European Commission’s ambitious AML/CFT proposals
The European Commission presented yesterday a package of four legislative proposals to strengthen the European Union’s (EU’s) anti-money laundering and counter financing of terrorism (AML/CFT) rules. The package includes a proposal for the creation of a new EU authority to fight money laundering, new AML/CFT regulations with…
European Union to open up access to beneficial ownership information
The Council of Europe, the European Parliament and the European Commission have reached political agreement on a fifth anti-money laundering (AML) directive known as MLD5 that amends the fourth MLD4 directive. It was intended that MLD4 would be implemented by each EU member state by…
