FranceThe G7 finance ministers and central bank governors issued a communiqué outlining a shared commitment to deeper multilateral economic cooperation, including support for a global minimum tax of at least 15 percent and the implementation Financial Action Task Force Standards.
Ministers from the G7 countries signed a joint statement ahead of a special session of the United Nations General Assembly against corruption, highlighting that corruption enables organized crime and economic crime.
Dutch lender avoids criminal charges, Hinduja Bank loses Cayman license, and more, in the weekly roundup.
German banker headed to prison after facilitating massive tax fraud, Swiss banker convicted of laundering Brazilian bribes, and more, in the midweek roundup
The National Financial Prosecutor of the Paris First Instance Court entered into an agreement with HSBC Private Bank (Suisse) SA requiring the Geneva, Switzerland-based financial institution to pay €300 million for allegations of aggravated money laundering of tax evasio
The National Financial Prosecutor of the Paris First Instance Court entered into an agreement with HSBC Private Bank (Suisse) SA requiring the Geneva, Switzerland-based financial institution to pay €300 million for allegations of aggravated money laundering of tax evasion proceeds.
| Technical | Effectiveness |
|---|---|
| Compliant : 9 | High : |
| Largely Compliant : 29 | Substantial : |
| Partially Compliant : 10 | Moderate : |
| Non-Compliant : 1 | Low : |
| Rank : 122/141 |
| Score : 3.92/10 |
| Rank : 23/180 |
| Score : 69/100 |
| Rank : 33/133 |
| Score : 50/100 |