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Midweek Roundup: European MPs Call for Magnitsky Sanctions on Russian Officials, U.S. Blacklists Lebanese Nationals for Hezbollah Ties, and More
printThe European Union wants to step up its fight against tax evasion by expanding the automatic exchange of information between member states' tax administrations. On Wednesday, the EU proposed adding dividends, capital gains and all other forms of financial income and account balances to the list of categories allowed under automatic information exchanges. The expansion would represent the "most comprehensive system of automatic information exchange in the world," according to a European Commission statement. More A group that included the head of Kenya's anti-corruption agency, a former chief U.N. prosecutor and the chairman of the Organisation for Economic Co-operation and...
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Britain's National Crime Agency is launching a coordinated crackdown on money laundering in the City of London, the EU Commission advanced proposals to member-states on deeper sanctions against Russia, and more, in the midweek roundup.
A bipartisan bill targeting banks that offer financial services to Hezbollah is likely to garner broad political support among U.S. lawmakers, according to advocates of strong counterterrorist measures.
The Obama administration is "actively" considering designating Russians linked to the invasion of Ukraine under a 2012 human rights law, according to a U.S. State Department official.
The U.S. Justice Department sued Tuesday for the forfeiture of New York property tied to a $230 million tax fraud and money laundering scheme linked to the death of a Russian attorney.
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A European Union decision to impose sanctions on Hezbollah's military wing will also compel financial institutions in Europe to comb their accounts for links to the group's social services and fundraising arms.
The United Kingdom could ban bearer shares, the Reserve Bank of India fined 22 banks for AML violations, and more, in the midweek roundup.
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Canada banned all imports and exports tied to Iran, the European Union agreed to drop an arms embargo on Syrian opposition, and more, in the midweek roundup.
Peruvian ex-President Alejandro Toledo denied allegations that he laundered money through real estate, money launderers are allegedly using Mauritius to evade taxes and illicitly transport funds to India, and more, in the midweek roundup.
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