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When it published the consultation paper on Proceeds of Crime in June 2000, the Cabinet Office seemed to be stealing the thunder of the Home Secretary, who had already announced his department's approach to proceeds of crime. And when the Queen's Speech was read, it seemed that the Government which famously shouts out that it wants government to demonstrate joined up thinking demonstrated that it hasn't got it even at the highest levels.

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First published on 14 December 2000 in World Money Laundering Report Volume 2 Number 9

Originally, we were going to put this item in Flip Side, but then we decided that it was so mad that it was serious.

In the beginning, an e-mail was sent from a woman working in a City law firm to one of her male pals.....

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First published in December 2000 in World Money Laundering Report Volume 2 Issue 9

First International Bank of Grenada (FIB) is dead, long live First Bank of Grenada. And along with it the International Deposit Indemnity Corporation (IDIC) which not only has its website at http://www.idic-ec.org/ functioning (complete with claim forms) but now announces that it has been acquired by a Ugandan corporation. This happens to - more or less - coincide with an announcement by Grenada's Finance Minister about the bank.

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First published in World Money Laundering Report - Volume 2, Number 9

EDITORIAL

The OECD is seemingly becoming more convinced than ever that its members have the right to dictate domestic fiscal policy to non-members and, increasingly, non-members are accepting what they appear to regard as inevitable.

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First published in World Money Laundering Report - Volume 2, Number 9

The question of tax avoidance was addressed by international charity Oxfam which In November 2000, published a "policy paper" which made liberal use of the phrase "tax competition." The paper argues that the "Financing for Development agenda" has a number of issues that relate to the funding of sustainable economic growth in developing countries. It claims that "two specific areas…are hampering that process - tax competition and tax havens and debt and liquidity issues." The paper alleges that "globalisation of capital markets has greatly increased the scope for offshore activity" and that "the equivalent of one-third of total GDP is now held in financial havens."

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From World Money Laundering Report Vol. 2 No. 2
First published 30 August 2000

First International Bank of Grenada, Offshore, World Investment Stock Exchange, International Deposit Indemnity Corporation

The offshore world is again under scrutiny after a series of financial services businesses registered or operating in Grenada have been connected to a bank which has been subject to considerable public criticism for over a year was finally subject to intervention by the authorities.

Continued from Part 2

WMLR Archive Vol: 

From World Money Laundering Report Vol. 2 No. 2
First published 30 August 2000

First International Bank of Grenada, Offshore, World Investment Stock Exchange, International Deposit Indemnity Corporation

The offshore world is again under scrutiny after a series of financial services businesses registered or operating in Grenada have been connected to a bank which has been subject to considerable public criticism for over a year was finally subject to intervention by the authorities.

Continued from Part 1

From World Money Laundering Report Vol. 2 No. 2
First published 30 August 2000

First International Bank of Grenada, Offshore, World Investment Stock Exchange, International Deposit Indemnity Corporation

The offshore world is again under scrutiny after a series of financial services businesses registered or operating in Grenada have been connected to a bank which has been subject to considerable public criticism for over a year was finally subject to intervention by the authorities.

WMLR Archive Vol: 

From World Money Laundering Report Vol. 2, No. 6
First published August 2000

First International Bank of Grenada, World Investors Stock Exchange and related matters in depth

WMLR Archive Vol: 

(from the "Flip Side" Column
Dressing Down:
(1 March 2000)

So, Arthur Andersen have decided to abandon dress-down Fridays in favour of dress-down all the time.

From World Money Laundering Report Vol. 2. No. 1 published 22 January 2000

Short news stories from around the world.

From World Money Laundering Report Vol. 2 No. 1 published 22 January 2000

A selection of not-quite-so-serious stories.

From World Money Laundering Report Vol. 2 No. 1 published 22 January 2000

The UK’s FSA has launched it a document called “Financial Services Authority – a New Regulator for the New Millennium”. Written in the kindergarten level English that now seems to be essential for all government public documents, the paper is not a consultative document but more a statement of intent. As such, it should be read against the background of the Financial Services and Markets Bill (“FSMB”).

First published in World Money Laundering Report Vol. 2 No. 1 on 22 January 2000

The individual brings with him or her a threat to the organisation. This threat arises from a number of factors: he or she might be careless, malicious or criminally inclined. Or just plain thick. Or vulnerable for some reason.

From World Money Laundering Report Volume 2 No.1 published 22 January 2000

In previous BASICS columns, we have examined terminology and the resistance felt by staff to new compliance measures. In this issue, we look at a legal topic: that if wilful blindness.

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