The UK may see itself as one of the self-appointed global anti-corruption, anti-money laundering aficionados, but to many, especially its own Overseas Territories and Crown Dependencies, it is nothing more than the playground bully and a champion of hypocrisy.
Martin Kenney & Co., Solicitors is looking for a Financial Analyst or Forensic Accountant to join the Investigations Unit of our firm.
The EU’s blacklisting threat against smaller countries or territories for not adhering to its unclear standards in the area of tax avoidance is undemocratic and brutal.
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Looking forward to 2019, Martin Kenney says campaigners hold a very firm assumption that public UBO registers are fundamental for transparency. “I will continue to tell them that they are incorrect,” he says.
The UK’s National Crime Agency said there were now signs that criminals were finding new tax havens where they could exploit lax regulation and hide their links to corrupt assets.
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.