Tax offences and the BVI’s anti-money laundering regime
30 Sep 2020
In the EU, tax crimes such as tax related fraud, evasion and false accounting were added to the roster of offences on which prosecutions for money laundering could be based as of the Fourth AML Directive in 2015 – however, and despite less fanfare, the BVI has long taken this position. Since at least 2008 almost any ‘indictable offence’ can form the basis for an AML prosecution under the territory’s regime.
Regular blogger Mirza Manraj recently outlined the nexus between tax-related offences in the BVI and the jurisdiction’s AML regime in an article published by Money Laundering Bulletin. A copy of the article can be foundhere.