April 2nd, 2017
Transparency International calls for urgent action to keep corrupt cash out of luxury goods market Berlin, 3 April 2017 – Luxury goods sellers – from jewellers and real estate agents to yacht builders and diamond brokers – are doing little to check if their customers are using corrupt money to fund their high-end purchases. This
August 8th, 2016
We’ve known for a while that anonymous shell companies have been used to purchase property everywhere from London to Los Angeles. Funneling potentially illicit money into high end real estate has turned out to be an easy way to bypass many of the checks that might be necessary if you moved the money into a bank
May 20th, 2015
Press Release for Immediate Release BRUSSELS—After months of negotiations, debate, and dialogue, the European Parliament has formally adopted the 4th Anti-Money Laundering Directive (AMLD), setting the stage for a public discussion on what further measures are needed to combat tax evasion, money laundering, and other illicit flows. “While the final adoption of the text is
December 3rd, 2014
We’ve been following the review of the European Anti-Money Laundering rules (AMLD) closely and reported on this fascinating policy-making process before
. One of our key campaigns, the need for more transparency around those that own and control companies—known as beneficial ownership disclosure—is among the most important changes that are up for consideration. With so-called trilogue negotiations (behind closed-door negotiations between European parliamentarians and diplomats), this reform is entering a crucial phase. Unfortunately, it doesn’t seem that the different sides of the negotiating table speak the same language when transparency is concerned.
A quick recap: in March, the European Parliament...