Top 20 MLRO Responsibilities

A lot of confusion remains over the role of a Money-laundering Reporting Officer (MLRO). To help we've reviewed mainstream practices to identify the key responsibilities.

The Biggest Financial Crime Fines

Monetary fines are the most common punishment for financial crimes. They serve as a powerful tool for encouraging companies to apply best practices to ensure […]

Tax Avoidance and Tax Evasion - What's The Difference?

The difference between tax avoidance and tax evasion essentially comes down to legality. Avoiding tax is perfectly legal, but it is remarkable easy for the […]

Are Offshore Financial Services Legal or Illegal?

It is important to realise that there is nothing illegal about opening and operating an offshore bank account. The reasons behind it may be illegal, […]

5MLD is Coming: Threat or Opportunity?

Many cryptocurrency firms will feel that more money-laundering regulations are a hindrance to their agile business models, but perhaps they should try and see the […]

8 Ways to Protect Your Firm From Money Laundering

New money-laundering rules continue to appear at an alarming rate. According to HM Treasury, serious and organised crime is costing the UK a staggering £24 […]

5MLD Key Requirements You Need to Know

Just when you finished complying with the fourth money laundering directive (4MLD), along comes 5MLD! So, I've created a quick guide to what's changing and […]

5 Steps You Should Take To Avoid Facilitating Tax Evasion

Even if a company has no knowledge of its employee or associated person facilitating tax evasion, they could still be held liable for 'failure to […]

Are Lawyers & Accountants in the UK Ignoring Money Laundering Risk?

Karen Baxter, the police national lead on economic crime, has said that accountants are turning a blind eye to organised crime gangs making millions from […]

The serious consequences of tax evasion

Avoiding taxes is one thing, but tax evasion is quite another. In many developed countries, tax evasion is a crime, punishable by both financial penalty […]

The Criminal Finances Act - It's Not Just About Tax!

When the Criminal Finances Act came into effect on 30 September 2017, there were a number of key changes introduced, but by far and away […]

Is Bitcoin bad? Risk and virtual currencies

The Treasury and EU plan to regulate cryptocurrencies, such as Bitcoin, from early next year amid growing concerns that they are being used for money […]

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