The new U.S. Corporate Transparency Act (CTA), which passed in late 2020 as part of the National Defense Authorization Act, makes seemingly significant changes to the information required when incorporating a company in the U.S.
Canada needs to up its game. It still lacks the rigorous checks and balances needed to protect society from con artists who would exploit its financial systems.
Campaigners ask for justifiable intrusions into private data, believing it will frustrate crooks, money-launderers and terrorists. It won’t – because criminals tell lies, says Martin Kenney.
The American Bar Association needs to accept that meaningful regulation is here to stay and stop trying to hinder the passage of a Bill that would help tackle money laundering.
Can Canada learn from the UK’s crack down on unexplained wealth?
The criminal investigation into Malaysia’s 1MDB scandal must be conducted in tandem with a multifaceted, multi-jurisdictional, multidisciplinary civil asset recovery investigation, says Martin Kenney
Martin Kenney is scathing about an alleged $8.3 billion Danske Bank money laundering scandal via Estonia, which partly relied on false data being submitted to the UK’s Companies House. The bank’s punishment so far? A “stern ticking off.”
Asset recovery is a term generally used to describe efforts made by a victim of a crime, usually a fraud, to get his or her stolen value back. It is a burgeoning area of practice, in major part because the quantum of value stolen and the overall risk has increased so much over the last 25 years.