TAX EVASION TREATIES DO HELP ANTI-MONEY LAUNDERING INQUIRIES, SAY EXPERTS
September 1st, 2010
BY ALAN OSBORN
GIVEN the strong connection between tax evasion and money laundering, it would seem commonsense to suppose that tax cooperation agreements (TCAs) between countries where information about taxes paid or not paid is shared would be a powerful deterrent to the launderers. Yes and no. There has been an improvement in anti-money laundering (AML) prosecution rates in recent years while there has been a sharp rise in the number of TCAs but it may be too early to make a causal link. Some authorities and professional commentators are gung-ho about going ...
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