July 23rd, 2012
LONDON - Government plans to make life harder for ‘cowboy’ tax advisers selling aggressive tax avoidance schemes to UK tax payers are welcome but will make little difference in the battle to tax the trillions hidden offshore, Christian Aid says today.
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July 23rd, 2012
OECD - During his visit to Tunisia, the Secretary-General of the Organisation of Economic Co-operation and Development (OECD), Angel Gurria, met with the Tunisian Prime Minister, as well as government ministers and the President of the National Constituent Assembly, in order to discuss the co-operation between Tunisia and the OECD.
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July 19th, 2012
WASHINGTON, DC – Global Financial Integrity applauded the Senate Permanent Subcommittee on Investigations today on this week’s hearing, “U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC Case History.” The hearing painted a picture of a bank that chose profit over protection, failing to apply legally mandated anti-money laundering protections to many of its accounts.
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July 17th, 2012
LONDON / WASHINGTON DC - According to the chair of a U.S. Senate subcommittee, HSBC’s “pervasively polluted” culture allowed money launderers, drug dealers and suspected terrorists to move their money through the U.S. financial system. Today, the Permanent Subcommittee on Investigations (PSI) will hold a hearing exposing HSBC’s North American banking units alleged failure to curb financial crime, and the failure of banking regulators to address this.
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