The boom in UK-online gambling will come as no surprise to those irritated by betting adverts interrupting major televised sporting events. Not surprisingly, and to the consternation of offshore online gambling jurisdictions, the UK government has sought to cash in on this licensed vice by introducing a remote gambling point of consumption duty for all wagers placed within the UK.… Continue Reading
Draft amendments to China’s Criminal Law currently under consideration would subject government officials who receive certain money or property to criminal penalties.
The current version of China’s Criminal Law prohibits government officials from receiving “money or property” (财物) — or other parties from providing money or property to officials — only when an official takes advantage of one’s position to solicit money or property from others, or illegally accepts money or property from others, in order to seek “benefits” for others (see Articles 385 and 388). … Continue Reading
The Treasury Department’s Financial Crimes Enforcement Network imposed new financial reporting rules on 2,000 businesses Thursday in the fashion district of Los Angeles after a massive raid last month uncovered a suspected widespread money laundering operation working for Mexican drug gangs.… Continue Reading