Beneficial Ownership in UK Law
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Lifting the veil on beneficial ownership. Challenges of implementing the UK’s registers of beneficial owners
Purpose: This paper aims to critically explore the challenges facing the UK in implementing registers of beneficial owners, a measure mandated by the EU’s anti-money laundering (AML) directive to e...
- Editorial: Interdicting economic crime through beneficial ownership: an international standard at last?
- Editorial: Interdicting economic crime through beneficial ownership: an international standard at last?
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The misuse of corporate vehicles
Comments briefly on the OECD report on Guernsey as an Offshore Financial Centre, one which is emphatically not a Non‐Cooperative Country or Territory. Focuses on the misuse of corporate vehicles fo......... to the three fundamentalobjectives, namely that:Ð bene®cial ownership and control informationmust be maintained or be obtainable by ......
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Money laundering using investment companies
Purpose: – This paper aims to start with the assumption that money laundering through the use of investments will continue to occur and will become increasingly more complex to try and avoid detect......... and intelligence gathered through existing benecial ownership and customer duediligence (CDD) systems.Design/methodology/approach – ......
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Illicit financial flows: HSBC case study
Purpose: This paper provides examples of how illicit financial flows (IFFs) are occurring through the formal banking and financial services sector. The purpose of this paper is to explore which ele......... and Financial Action Task Force (FATF) guidelines onbeneficial ownership. It links this information to the relevant IFF reports produced through ......
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TBML suspicious activity reports – a financial intelligence unit perspective
Purpose: The purpose of this paper is to share research data from the Financial Intelligence sector on trade-based money laundering (TBML), as a way to better inform banking risk assessment and the......... identified the need for more information on beneficial ownership information; however, otherwork needsto be done on how exactly banks can ......
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Strengthening the offshore defences against economic crime and abuse
Reports some recent activities within the Organisation for Economic Cooperation and Development (OECD) which aim to strengthen defences against international economic crime, focusing on offshore fi......... work related to the issue of obtaininginformation on bene®cial ownership and control ofcorporate entities and trusts. The issue, of course, isnot ......
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FIFA – highlighting the links between global banking and international money laundering
Purpose: This paper uses the recent (August 2015) FIFA arrests to provide an example of how illicit financial flows are occurring through the formal banking and financial services sector. The purpo......... exposed persons, Customer due diligence, FIFA,Beneficial ownership, Illicit financial flowsPaper type Conceptual paperThis paper explores ......
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Freeports: Innovative trading hubs or centres for money laundering and tax evasion?
Purpose: This study aims to provide a critical overview of freeports’ trading operations and consider to what extent they may present a money-laundering and tax-evasion risk. Design/methodology/ap......... offshorejurisdictions.Keywords Money laundering, Beneficial ownership, Offshore, Tax haven, Free-trade zone, FreeportPaper type Research paper1. ......
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