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Weekly Roundup: OECD Cites Jurisdictions with Poor Tax Cooperation, Singapore Warns of Rising Use of Money Mules, and More
printLuxembourg, Cyprus, the British Virgin Islands and Seychelles are noncompliant with international standards on sharing tax data, the Organisation for Economic Co-operation and Development (OECD) said in a report Friday. The group concluded that, out of the 50 nations it examined, the four jurisdictions either failed to share taxpayer information with other countries or did not gather data on beneficial ownership of corporate entities. More The Caribbean Financial Action Task Force (CFATF) on Wednesday blacklisted Belize and Guyana for failing to improve their anti-money laundering (AML) and counterterrorist financing regimes. CFATF advised Belize to strengthen customer due diligence standards and...
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