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n Tax Breaks Newsletter - FICA and money laundering issues

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Abstract

Extracted from text ... FICAAND MONEY LAUNDERING ISSUES INVESTMENT International reported in April that the British authorities' attempts to crack down on money laundering seem to be failing. The magazine said that this was leading to a massive scale of criminality in the UK. According to new research by money laundering expert Mike Adlem, quoted in the magazine, of an estimated ?250 billion that is currently laundered through the UK each year, just ?46 billion has been recovered, at a cost of ?400 million. "We are achieving nothing and we need to stop and completely rethink things, " Adlem was quoted as saying. ..

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/content/montb/2005/237/EJC78194
2005-10-01
2016-12-08
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