STEP England & Wales Biannual Statement – December 2016

Six months ago we were all stunned at Brexit. Now we are also wondering how a Trump presidency will unfold and what further shocks national electorates may give across Europe, given the various elections ahead. STEP is monitoring the situation closely and is in discussions with other relevant professional bodies as well as maintaining lines… Read More STEP England & Wales Biannual Statement – December 2016

‘Moving Money’ – the cost of more onerous AML procedures

I attended a lively presentation today on the paper Moving Money: International Flows, Taxes, and Money Laundering by Professors Richard Gordon and Andrew P. Morris. They basically argue that the move to more onerous anti-money laundering (AML) procedures and the move to automatic information exchange are both going to significantly increase transaction costs for everyone, legitimate… Read More ‘Moving Money’ – the cost of more onerous AML procedures