Singapore responds to Pandora Papers by mulling changes to AML/CFT controls
The Monetary Authority of Singapore (MAS) is consulting with the country’s financial institutions as it mulls possible changes to its anti-money laundering and counter financing of terrorism (AML/CFT) regime in the light of revelations in the so-called Pandora Papers according to finance minister Lawrence Wong….
Pandora Papers leak sharpens focus on art and antiquities trade, fortifies case for worldwide beneficial ownership transparency
The Pandora Papers leak of almost 12 million documents revealing hidden wealth and tax avoidance by some of the world’s rich and powerful also underlines the apparent ease with which the trade in art and antiquities has been used to launder the proceeds of stolen…
Proposal for identity verification checks to detect UK-based shell companies criticised
The UK’s Association of Company Registration Agents (ACRA) has been lobbying the British government to give its members a central role in efforts to counter the UK’s reputation as a leading provider of front companies to organised crime groups, corrupt regimes and other criminals according…
