Tax evasion
Can tax evasion be reduced by fostering cashless payments? A systematic literature review
This paper offers a review of literature on how different payment methods impact tax evasion, finding cash to facilitate tax evasion and digital methods of payment to make evasion more difficult.
Fight against dirty money falters in blizzard of SARs
Authorities are swamped with suspicious activity reports, many of which are never investigated
Top 10 operational risk losses of 2019
Fraud, embezzlement, tax evasion, subprime (still) and rogue trading – and Citi crops up twice. Data by ORX News
Op risk data: Swiss banks suffer tax-dodging fines
ZKB settlement takes top spot in August loss list. Data by ORX News
RBS mortgage mis-selling returns to haunt lender
Megan van Ooyen from SAS rounds up the top five op risk losses for October
Unexplained wealth targeted in UK money laundering push
Law enforcement backs change to AML law
Fifth of issued LEIs have lapsed, data provider says
Lapse rate for unique identifiers is rising
Banks prepare to handle challenges of Fatca and its offspring
Wave of tax-enforcement laws bringing new compliance demands
Banks push back on CRS guidance and deadlines
Firms want more clarity and time to implement global tax reporting rules
Funds to consolidate jurisdictions after OECD tax initiative
Beps project means managers to choose key locations for activities
Collateral damage: what HSBC's troubles mean for AMA
HSBC affair highlights a problem with modelling op risk capital
Top 10 op risks 2015: illicit transactions
Tax evasion, corporate ownership and sanctions will all be concerns
Top 10 operational risks for 2015
Heavy regulatory costs and fragile systems will be problems in 2015
BIS transparency bill criticised for impact on Caymans
Lawyer says bill will not cut tax avoidance, only harm investment
Fatca's compliance demands spell trouble for outsourcers
Contracts may need overhauling to match tax-evasion law
Fatca compliance at risk via third parties, expert warns
Questions on compliance within third parties need to be more focused
Fatca withholders to struggle without crucial instructions
Days to go until Fatca deadline and instructions still not published
Australian tax ruling targets offshore hedge funds
Limited partners are liable for capital gains
OpRisk North America: Uncertainty remains over Fatca 'day one'
Banks hoping for guidance on non-IGA nations
US banks worry over fuzzy Fatca requirements
IRS still unclear on compliance details
Ukraine crisis renews importance of KYC
Sanctions and transaction reporting grow in prominence