The government is revamping the fight against money-laundering - News Summed Up

The government is revamping the fight against money-laundering


Friday, November 4, 2016 The government is revamping the fight against money-launderingBy Pablo WaisbergFor the HeraldThe UIF watchdog seeks to relax the controls on evasion and thus offer tax reliefThe UIF (Unidad de Información Financiera) watchdog against money-laundering is advancing towards a policy aimed at excluding tax evasion as a crime linked to money-laundering. The prosecution of tax evasion is not the same in every country with Argentina being one of the most advanced. “We have a problem because international standards require that evasion be a crime preceding money-laundering. And this difficulty has led many international banks to withdraw from markets where the implementation of these norms has proved impossible in practice. “creative accountancy” and deals with governments to pay less taxes — and tax evasion.


Source: Bueno Aires Herald November 04, 2016 17:04 UTC



Loading...

Loading...