Public UBO registers are only as good as the information provided by those required to furnish it.
Having browbeaten the House of Commons into enacting a statute seeking to impose public ultimate beneficial ownership registers on the United Kingdom’s overseas territories, such as the Virgin Islands, there are moves afoot to legally fortify this legislative decision by declaring it under the heading of national security.
Russia and its oligarchs are not alone in their kleptomaniac, money-laundering endeavours.
It cannot be over-emphasized that the UBO information held in “controlled” transparent systems, like the one in the BVI, is of very great investigative value.
Many of us who operate in the Caribbean are not surprised by ConocoPhillips’ move to seize assets from Venezuela’s state oil company.
The ACFE’s new report reveals overall losses to fraud of $7 billion+, with an incredible 22% of frauds accounting for losses in excess of $1 million.
There are blue chip passports out there which are worth their weight in gold to those whose passports would usually red-flag them as being a potential risk.
Some online frauds are so simple to execute it questions why criminals would even consider robbing a bank. A shocking report this month revealed that 99% of all cybercriminals escaped justice in the UK. This is a staggering figure and paints a gloomy picture for those victims falling foul of online scams. The country’s top […]
The news earlier this month that Google was to follow Facebook and ban all ads for cryptocurrencies wasn’t entirely unexpected. However, it did say much about the way such innovative technology is being misused. The UK comedian and U.S. TV host John Oliver of Last Week Tonight fame, sought to explaincryptocurrencies on his show recently. […]
As if to prove my point that open/public company ownership registers are only as good as the information declared and recorded, news broke last month that a UK office block was home to more than 100 potentially shady companies listed there. The building holding all these companies is a small office block located in the […]