News Filter
12th December 2015
In 2013, illegal fund transfers out of China stood at a staggering $258 billion, making it the largest source of illicit financial outflow among all developing nations. And, according to a new report released Wednesday by the Washington-based Global Financial Integrity (GFI), in the 10 years through 2013, $7.8 trillion was… Read More
11th December 2015
British business tycoon Nicholas Van Hoogstraten has refuted claims by Hamish Rudland that he failed to follow his portion of rights at CFI Holdings (CFI), saying he did not want to endorse a fraud. Read More
11th December 2015
WASHINGTON (AP) — President Barack Obama’s new “ISIL czar,” Robert Malley, has a long and sometimes controversial history at the center of U.S. policymaking in the Middle East. He’s now taking on one of the toughest jobs in Washington: getting the struggling campaign against Islamic State militants on track while… Read More
11th December 2015
LAUSANNE, Switzerland (Reuters) – The International Olympic Committee wants to make sure the billions of dollars of cash distributed to stakeholders for the development of sport is being used appropriately and will ask for audits of every major contribution handed out, IOC President Thomas Bach said on Thursday. Read More
10th December 2015
Lausanne: The International Olympic Committee wants to make sure the billions of dollars of cash distributed to stakeholders for the development of sport is being used appropriately and will ask for audits of every major contribution handed out, IOC President Thomas Bach said on Thursday. Read More
10th December 2015
RAIPUR: The Reserve Bank of India has imposed a penalty of Rs one lakh on Vyavsayik Sahkari Bank Limited, Raipur after the bank failed to comply with RBI guidelines, including on anti-money laundering norms. Read More
10th December 2015
WASHINGTON – The U.S. government designated a Japanese former gang leader as subject to economic sanctions Wednesday, alleging his ongoing involvement in money laundering for the country’s largest crime syndicate, the Yamaguchi-gumi. Read More
10th December 2015
A global law firm has today criticised HM Revenue & Customs’s (HMRC) recently announced plans for cracking down on tax avoidance by businesses, saying that parts of the proposals would make HMRC the “judge, jury and executioner.”… Read More
10th December 2015
In 2013, illegal fund transfers out of China stood at a staggering $258 billion, making it the largest source of illicit financial outflow among all developing nations. And, according to a new report released Wednesday by the Washington-based Global Financial Integrity (GFI), in the 10 years through 2013, $7.8 trillion was… Read More
10th December 2015
The government has set out a new penalty regime for advisers who enable clients to evade tax through offshore structures. Read More