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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, 2024

Written by FinCrimeFebruary 5, 2024February 5, 2024

Unveiling Tax Realities: Debunking Myths about the British Virgin Islands

Reported by Nicholas Kuria In this review of taxation and the British Virgin Islands, Conyers Corporate Counsel Nicholas Kuria discusses some of the most commonly misunderstood notions relating to the use of offshore jurisdictions, with a focus on the BVI. We will begin with an overview of the tax position. The British Virgin Islands has […]

Written by FinCrimeFebruary 5, 2024February 5, 2024

Precision equipment for Russian arms makers came from U.S.-allied Taiwan

Reported by Dalton Bennett, Mary Ilyushina, Lily Kuo and Pei-Lin Wu It had been a busy year for the employees gathered in June for I Machine Technology’s corporate retreat at a resort on Russia’s Black Sea coast. With war raging in Ukraine, the Russian defense industry was hungry for the advanced manufacturing equipment the Moscow-based […]

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