It will be designed to strengthen safeguards on the use of their funds.
A statement on behalf of the group said: ‘We expect the international institutions to strengthen governance and anti-money laundering measures in programs with member countries.’
‘We must ensure that its credibility and integrity are not undermined by crime, poor regulatory standards, and harmful tax competition,’ it added.
The G7 finance officials also called for a task force to identify jurisdictionsthat did not cooperate to prevent money laundering, and said the G7 wasconcerned about offshore financial centers and tax havens which underminedinternational standards of financial regulation, and which were shelters toavoid or evade tax.
No agreement has yet been reached on a list of candidates to succeed IMF Managing Director Michel Camdessus.
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
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