HM Revenue & Customs currently has more than 20 investigations into cryptocurrency-enabled illicit finance running as well as more than 200 civil fraud cases involving digital assets, the agency's most senior investigator told ACAMS moneylaundering.com. Simon York, who plans to step down as director of HMRC's Fraud Investigation Service at the end of the month, spoke to moneylaundering.com senior reporter and London bureau chief Koos Couvee about how financial crime has evolved to become more complex, global and digital over the past decade. An edited transcript of their conversation follows. You are leaving HMRC after three decades. How have tax...
The U.K. tax authority has set sights on hundreds of British customers of Euro Pacific Bank, a San Juan, Puerto Rico-based institution shuttered by local regulators this month amid a global investigation into tax evasion and money laundering.
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