Selva Ozelli: Global regulators join forces to combat crypto crimes

Financial regulators are beginning to work together to counter what they perceive as cross-border threats posed by blockchain -- including money laundering, terrorist financing, fraud, tax avoidance, and evasion of capital controls.

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Martin Kenney: EU Bully-Boys Draft Their Own ‘Santa’s Naughty List’

Hard on the heels of the publication of the Paradise Papers and its predecessor the Panama Papers, comes the European Union’s unveiling of its list of non-cooperative tax jurisdictions. The member states have joined forces to compile a list of states that they consider to be "rogue" when it comes to the issue of taxation.

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New UK law: Liability for ‘profiting from’ gross human rights abuses

The UK's Criminal Finances Act, a new law that expands remedies for UK prosecutors to use against gross human rights abuses, also targets activity “connected to” gross human rights abuses.

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Compliance Alert: New UK law criminalizes corporate apathy toward tax evasion

Ever since the Panama Papers exposed the underground nexus of global tax evasion, regulators have been trying to figure out how to get ahead of it. In the UK, the Criminal Finances Act was passed in late April 2017.

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Jermyn Brooks: Here's how corporate tax planning morphs into corruption

When corporations try to pay the least amount of tax possible, their defense is usually based on delivering shareholder value. What company shouldn’t seek the lowest tax bill possible? But the line between tax avoidance -- using legal means to lower tax bills -- and criminal tax evasion is blurry.

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Martin Kenney: Put your own tax havens in order, America

The United States champions itself as a nation policing the rest of the world, preventing money laundering, tax evasion and foreign corrupt practices. Yet there is hypocrisy afoot.

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Singapore private bankers and clients sweat loss of secrecy

Singapore will start automatically sharing information with foreign tax authorities from 2018 to comply with a 51-country agreement to fight tax evasion.

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SocGen Private Bank (Switzerland) pays $17 million penalty for hiding U.S. taxpayer accounts

The DOJ said this week that Société Générale Private Banking Suisse and another bank, Berner Kantonalbank AG, reached resolutions under the DOJ's Swiss Bank Program.

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We're serious: It's an exciting time for tax enforcement

Admittedly, we're surprised to write that headline several weeks after “tax day” in the United States. However, a common theme emerged during a recent World Bank Group program on tax evasion: there's currently an unprecedented level of enthusiasm, political will and momentum in support of combating global tax evasion and avoidance.

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Credit Suisse saga: Federal Reserve bars fugitive private bankers

The Federal Reserve Board said Monday it barred five former private bankers and senior managers of Credit Suisse AG from working in the banking industry.

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France imposes €1 billion bail on HSBC for criminal tax probe

HSBC said in a statement Thursday that French magistrates ordered a formal criminal investigation ("mise en examen") into HSBC’s Swiss Private Bank for alleged tax-related offenses.

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World Bank Program: Tax Evasion and Financing for Development -- Strengthening Global Action

Image courtesy of the World Bank GroupOn Friday April 17, the World Bank Group will host a program that discusses the importance of strengthening global action to reduce and deter tax evasion. You can attend the program in person by registering here, or stream the event online here.

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