Money Laundering

Lithuania's Finance Minister, Rasa Budbergyte, has confirmed that next year's Budget will contain no new taxes, with new revenue to be found from anti-tax evasion measures and further tax administration improvements. In a recent speech broadcast by local radio, Budbergyte said that while the Government should continue making improvements to Lithuania's tax framework, measures to "fight against the fraudsters who avoid paying [taxes] using aggressive tax planning schemes" are just as important.

A fraudster splurged more than £1.2 million of his disabled father's money on a lavish lifestyle including a top-of-the-range BMW which he later crashed.

Northern Ireland Fleshes Out 12.5pc CIT Rate Plan » FinCEN Expands US Real Estate AML Orders <> <> <> <> <> <> FinCEN Expands US Real Estate AML Orders by Glen Shapiro, Tax-News.com, New York 29 July 2016 <> <> The Financial Crimes Enforcement Network issued further Geographic Targeting Orders that will temporarily require US title insurance companies to identify the natural persons behind shell companies that use "all cash" (without bank financing) to purchase high-end residential real estate in six major metropolitan areas.

Police have dismantled a South East Asian organised crime group which was using an upmarket apartment in Belfast as a hub to distribute drugs across the UK.

In response to the publication of the Panama Papers, the European commission has proposed new measures to improve transparency and better facilitate the exchange of information between tax authorities.

Property sale restrictions will be brought in to stop London becoming the world's capital of Money Laundering, Sadiq Khan has said.

A sightseeing trip around central London properties revealed just how much dirty money there is swimming around the city.

A former X Factor contestant has been found guilty of laundering £20,000 from a £900,000 scam on the elderly.

The Commission published today (27 January) its yearly reports on Romania and Bulgaria, the only two EU countries monitored in their efforts to improve their law-enforcement systems and to combat Corruption. Romania’s report is positive, for a second consecutive year.

According to a 2014 report from Global Financial Integrity entitled “Illicit Financial Flows from Developing Countries: 2003- 2012”, Indonesia ranks seventh of countries with the largest illicit Financial Flows (IFF). In 2014 IFF in Indonesia is estimated at a total of IDR 227.75 trillion ($20 billion), the mining sector contributes IDR 23.89 trillion ($2 billion), mainly derived from trade mis-invoicing. Late 2015 Publish What You Pay Indonesia conducted a study on IFF and tax crime in the mining sector in Indonesia. This is an urgent issue, given the sad reality of Indonesia among the top seven developing countries with highest IFF.