CHINA: China cracks down on smuggling with over 5,700 cases investigated

Anti-smuggling departments of customs across China carried out a series of special campaigns targeting smuggling in 2024, investigating more than 5,700 cases, the Ministry of Public Security said.

About 64 percent of these cases were criminal and involved tax evasion, according to the ministry. The departments focused on key goods such as refined oil, cigarettes and frozen marine products.

As part of these efforts, customs in Fuzhou, Fujian province, cracked a major case of refined oil smuggling.

13 August 2024

UAE: Strengthening UAE anti-money laundering laws key to tackling evolving threat

The UAE’s amended anti-money laundering laws signal a “transformative shift” in the country’s approach to financial crimes and shows authorities are not “resting on their laurels”,

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3 January 2025

US: Tax debate hangs heavy over approaching Washington legislative session

Washington Democrats are preparing for a legislative session where new taxes will be a major focus to solve a multi-billion dollar state budget hole. House Speaker Laurie Jinkins, D-Tacoma, and Senate

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29 November 2024

CAYMAN ISLANDS: Cayman moves toward more beneficial owner access

The Cayman Islands Government is moving towards expanding who can access beneficial ownership information about financial entities registered here, beyond law enforcement agencies. Cabinet is expected

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5 June 2024

JERSEY: Tax regulations could tighten for American companies in Jersey

Jersey could tighten the rules on how it governs American companies based in the island for tax. The treasury said the regulations needed to match the Common Reporting Standard (CRS) – the global

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