A study on Money laundering and tax evasion risks in free ports provides an insight into the money laundering, tax evasion and tax avoidance risks connected with free zones, particularly those that function as (semi-) permanent storage for high-value goods, often referred to as ‘free ports’. Conducted at the request of the European Parliament’s Special […]

Back in 2015 MORE than 20 major fraud cases involving millions of pounds being allegedly laundered through Jersey banks by people from all over the world are being actively investigated by financial crime detectives, the States police have revealed. The operations department of the Joint Financial Crimes Unit are working on 23 ‘major’ investigations, some […]

A tax evasion tip-off, apparently relating to Swiss bank Credit Suisse, has led to raids in five countries, including the UK. Authorities in the Netherlands said the probe related to as many as 55,000 suspect accounts held at a Swiss bank. Officials refused to identify which bank but Credit Suisse later released a statement to […]

Britain said on Friday it had launched an investigation into suspected tax evasion and money-laundering by an unnamed “global financial institution” and some of its employees. “The first phase of the investigation, which will see further, targeted, activity over the coming weeks, is focused on senior employees from within the institution, along with a number […]