FATF: FinCEN announces FATF watchlist update: Laos, Nepal added, Philippines removed

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.

26 April 2024

US: IRS Warns High-Net-Worth Individuals of Elaborate Schemes

The Internal Revenue Service has wrapped up its annual Dirty Dozen campaign, which it self-proclaims as “the worst of the worst” tax scams. The last few scams in the series leave a lot to be unpacked.

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22 November 2024

UK: New UK government devotes to public beneficial ownership registers

As published on: thepaypers.com, Friday 22 November, 2024. The UK Foreign Office has declared that the government is firmly supporting the establishment of fully public registers. The remarks follow

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14 November 2024

GREECE: New Changes to Greece Golden Visa From January 2025

The Ministry of National Economy and Finance introduced a tax bill that contains several changes to the Golden Visa Program, including measures to shift foreigners’ interest from real estate investment

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21 January 2025

CAREY OLSEN: Carey Olsen Singapore ranked Tier 1 for fourth consecutive year by The Legal 500

Press Release from Carey Olsen, Tuesday 21 January, 2025. Carey Olsen Singapore has been ranked Tier 1 for the fourth consecutive year in The Legal 500 Asia Pacific Guide, since the offshore law category

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