Tax evasion, tax avoidance, tax efficiency, tax arbitrage, tax rationalisation, tax management – these are all terms used to describe the various methods of reducing the tax bill of a legal or natural person. But how do you distinguish between them? ...

Much has been written about money laundering and what it actually is – in terms of the concept itself and the offences of money laundering. It seems simple – it has been drilled into employees, in financial services particularly, that money laundering...

Often spoken about as partners in crime (pun intended), bribery and corruption are not the same.   Corruption is the umbrella term for various activities conducted by those in positions of power, quite often those with political power, by abuse of...

What is terrorist financing? Terrorist financing, as a concept, is concerned with the provision of funding or resources to proscribed terrorist organisations.  The devil, however, is in the detail, e.g.: There is no internationally agreed upon definition...

“Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses...

The British are obsessed with the weather, it dominates our conversation, our lives and recently the news headlines. Apocalyptic weather has been reported in Central America, the Caribbean Islands and across the state of Florida, whilst in Asia devastating...

The elephant in the room! I have observed with increasing unease and frustration for some time now how despite the very honest and diligent efforts of the band of brothers and sisters in the financial crime compliance profession around the world we...

The unchartered and unregulated seas of virtual currencies have until now provided rich pickings for those peddling illicit goods, sanctions and tax evaders and money launderers. With the notable exception of the rulings provided by FinCEN and the...