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….
FATF seeks views on combatting corruption through shell companies
In response to the Pandora Papers, the Financial Action Task Force (FATF) is asking for views on proposed rules for a new strategy for combatting corruption through shell companies or other anonymous entities Countries would be required to establish registries listing who actually owns a…
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…
