The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced two countries have been added to the Financial Action Task Force (FATF) watchlist, while another has been removed.
The FATF grey list identifies countries where increased financial monitoring is necessary to combat money laundering, terrorist financing, and nuclear weapons proliferation. FinCEN said Laos and Nepal have been added, while the Philippines have been removed, according to a press release Wednesday.
Laos and Nepal made a “high-level political commitment” to work with the FATF and the Asian Pacific Group on Money Laundering to strengthen the effectiveness of their anti-money laundering/countering the financing of terrorism (AML/CFT) regime, according to an FATF press release Friday.
Hedge funds snapped up battered Chinese stocks over three days last week at the fastest pace in more than five years, Goldman Sachs wrote in a note to clients. The cumulative net buying of Chinese equities
Cyprus is under pressure to adopt a minimum 15% corporate tax rate on multinational companies with revenues above €750 million, as the European Court of Justice has referred the country for delayed
The Government is committing to tweaking controversial tax rules to encourage wealthy foreigners to stay in New Zealand. It is proposing to make an initial change to the Foreign Investment Fund (FIF)
Press Release from: Carey Olsen, Friday 2 February, 2024. Carey Olsen has been shortlisted for Offshore Law Firm of the Year at The Asia Legal Awards 2024, hosted by Law.com International. Now in