Financial institutions are faced with the challenge of aligning their existing Know Your Customer (KYC) due diligence processes to meet FATCA requirements. This article outlines the background and international discussions regarding tax evasion and the ongoing debate to curtail it, and seeks to touch upon the impact it will have in dealing with should be: high-risk clients in regions, which are considered high risk for tax evasion.
Tag Archive for money-laundering
Mexico’s security threat: Organized crime and money laundering
Brazil: Combating corruption and money laundering
Supply Chain Due Diligence – the Case of Conflict Minerals and Beyond (II)
Supply Chain Due Diligence – the Case of Conflict Minerals and Beyond (I)
Enhanced due diligence is a must to mitigate AML exposure in Turkey
SADC-UNODC a regional initiative to combat crime in Southern Africa
Indonesia’s Efforts to combat money laundering
Integrity Due Diligence – Towards an integrated approach to Compliance (I)
The serious impact and long-term effects of economic crimes, such as money laundering, corruption and fraud (‘MLFC’), may not seem to be as apparent as those resulting from hard security threats. These crimes do, however, pose some of the most menacing risks currently facing governments, institutions and corporations. The following article aims to discuss an…