For criminals, what’s not to love about the art and antiquities market? There’s widespread secrecy surrounding beneficial owners and transactions, values that are subjective and wide-ranging, and an easily accessible and active marketplace.… Continue Reading
Posts Tagged: HM Revenue and Customs
At the start of the New Year, the UK’s tax authority, HM Revenue and Customs (HMRC), issued a series of punitive fines – including its largest-ever punitive sum – against businesses that had breached strict anti-money laundering regulations.… Continue Reading
A globally coordinated day of enforcement action — involving sharing of evidence and intelligence, and information collection activities such as search warrants, interviews and subpoenas — against suspected offshore tax evasion orchestrated by a Central American financial institution was undertaken last week by the Joint Chiefs of Global Tax Enforcement (J5) from the United Kingdom, United States, Canada, Australia and the Netherlands.… Continue Reading
Remember Bernie Ecclestone, the Formula One chief who was charged with making a $44 million bribe in 2006?
His chances of fighting the charges have improved now that a key piece of evidence against him has been called into question.… Continue Reading