FATF CHOOSES TOUGH CHALLENGE OVER TAX EVASION GUIDANCE
September 1st, 2011
BY ALAN OSBORN
HAS the Financial Action Task Force (FATF) taken on more than it can handle at present? In proposing that tax crimes be made a predicate offence for money laundering as part of its reform of its 40+9 Recommendations, the FATF has picked a fight with a number of heavyweights in the sector and may have a real struggle on its hands. The trouble is tax evasion - which is regarded quite differently from one country to another. At one extreme is the UK which has an all crime approach to money laundering "so any tax offence that involves money or ...
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