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Financial Crime News Briefs

Snapshots of money laundering, insider trading, financial fraud, sanctions evasion, regulations, and AI technology developments for educational purposes only.

Day: February 5, 2023

Written by FinCrimeFebruary 5, 2023February 5, 2023

UK to go after Offshore Firms That Failed to Declare Beneficial Owners

Reported by: ZDRAVKO LJUBAS Almost 40 percent of all offshore companies that own property in the United Kingdom have failed to declare their real owners and could now face hefty fines, a suspension of their ownership rights and prison. Foreign corporations were obliged to register their beneficial owners with the Register of Overseas Entities (ROE) […]

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