UN commission links TBML with South Sudanese funds misappropriated to buy London properties – no comment from banks involved
The UN Commission on Human Rights in South Sudan has published a conference room paper in which it concludes that activities “consistent with trade-based money laundering” (TBML) were used to effect purchases of residential properties in London. The commission says it has “reasonable grounds to…
UK overseas territories fail to make ownership details public
Just eight of the UK’s fourteen overseas territories have agreed to establish publicly accessible beneficial ownership registers within the next three years as part of attempts to improve financial transparency. The most significant financial centre yet to make company beneficial ownership details public is the…
Myanmar’s beneficial ownership disclosure insufficient says Global Witness
Myanmar’s first ever disclosure of beneficial ownership information in the oil, gas and mining sectors is an important step forward, but major problems with the data must be addressed according to a new report by Global Witness. The report, Out of the Shadows, says that…
