April 15th, 2019
Submission Date: 8 April 2019 The draft guidance is comprehensive, and we in particular welcome the focus on beneficial ownership information, as well as the detailed list of risk factors as regards client and transaction risk.
September 25th, 2018
Submission Date: 24 September 2018 The ability to hide and spend suspect funds overseas is a large part of what makes serious corruption and organised crime attractive and possible. In order to steal public money, corrupt individuals need to be able to hide those funds in the international financial system and find somewhere attractive to
July 27th, 2018
Submission Date: 26 July 2018 The FTC was encouraged to see the adoption of the mandate to curb illicit financial flows last month at the BRICS Tax and Customs meeting. In this regard, we submitted a letter to share some policy recommendations for a unified strategy against illicit financial flows ahead of the 10th BRICS Summit,
May 15th, 2017
The FTC recently entered a submission to the public consultation being conducted by Dubai surrounding their proposed Companies Law. Among other things, the submission recommends Dubai create public registers of beneficial ownership information, which would make it easier to track down and detect illicit financial flows.