The General Accounting Office said infighting and poor coordination among US federal agencies undermined attempts to stop money laundering.
Since 11 September, the US financial services industry has increasing investments in anti-money laundering technologies, while the government has stepped up its efforts to cut the flow of terror financing, but to little effect.
In the UK, the Proceeds of Crime Act, due to become law this year will force accountants and other professionals working in financial services to report any suspicious activities, or risk the threat of jail or heavy fines.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements