Issuing a list of tell-tale signs of money laundering, KPMG has warned banks in particular to be on the look out for unusual transactions that do not fit their customers’ profiles and to report any suspicions to the National Criminal Intelligence Service.
The warning signs include customers who change large quantities of sterling into large denomination foreign currency notes and those customers that pay no attention to the level of charges incurred by the large number of transactions executed through their accounts.
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