Category Archives: Tax

When legislation lets you down

For a couple of years I have been tracking the fortunes of “Les W”.  The Wildensteins are one of the highest-profile families in France; Wildenstein & Co was one of the most successful and influential art dealerships of the last … Continue reading

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Bless me father, for I have laundered

I went out to dinner last night; I figured that after knocking out the first draft of another AML book (I did mention the other day that I’m working on my UK piggy editions now, didn’t I?), I deserved a … Continue reading

Posted in AML, Money laundering, Tax | 7 Comments

A taxation own goal for Uli

I was brought up in Singapore, and my father – capitalist to his boot-straps (well, sandals – it was a hot country) – had a theory about the main difference between Asia, Europe and America.  In America, he said, the … Continue reading

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Yawn – it’s that tax-grab argument again

About a century ago, when I first started out in AML, I was introduced to the work of John Walker.  He is an Australian criminologist with a particular interest in money laundering, and one of his most interesting (and for … Continue reading

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A modest little room of one’s own

If they didn’t exist, you’d have to make them up.  Christian and Nick Candy are (according to their company website) “exclusive interior designers and property development managers”.  Nick is married to Aussie soap actress Holly Valance and lives in London, … Continue reading

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Only the little companies pay taxes

(With apologies to Leona Helmsley, your favourite late billionairess and mine.)  As we emerge from the annual season of excess and wait with terror for our January credit card bills, thoughts will inevitably turn to self-denial, austerity and belt-tightening (both … Continue reading

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Silence is golden – for now

A couple of readers have commented in the past days that they are surprised that my blog is not all about HSBC, and so I thought I should explain my approach to this story (and others like it).  In the … Continue reading

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A taxing check-in experience

At the risk of opening a very vermian can, I have been thinking a lot this week about tax avoidance. Yes: avoidance rather than (or, more realistically, as well as) evasion.  It all started last Monday when I was in … Continue reading

Posted in General thoughts, Tax | Tagged , | 6 Comments

The law of unintended laundering

For some reason, the BBC has recently been running a series of radio and television programmes on the theme of aging and the elderly – for instance, in “When I Get Older”, four “famous pensioners” were sent to live first … Continue reading

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Anti-cyclical money laundering

MLROs and their staff love feedback, and so it has become the norm for most FIUs (Financial Intelligence Units – responsible for receiving and processing suspicious activity reports, or SARs) to issue statistics.  The headline figure is always the total … Continue reading

Posted in Money laundering, Organised crime, Tax | Tagged , , , , , , , , | 4 Comments