Financial services providers, importers and exporters could face criminal charges for breaching EU restrictive measures
Providers of financial services such as loans and credit as well as importers and exporters who participate in activities sanctioned or otherwise prohibited or restricted by the European Union (EU) could face criminal charges if a proposal by the European Commission (EC) is adopted. The…
US tops list of world financial secrecy ranking
The US tops the list of countries for enabling banking secrecy, shell companies, anonymous real estate ownership or other forms of financial secrecy, which in turn enable money laundering, tax evasion and the evasion of sanctions according to the Tax Justice Network’s (TJN’s) Financial Secrecy…
