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Tax Engineering

Blog category: "Money laundering"

Feb14
New list of high-risk countries for money laudering

List of countries that use EU Banks for money laundering on a large scale

New list of high-risk countries that use the European Union's financial system to launder money and finance terrorism.: Panama, American Samoa, Bahamas, Botswana, North Korea, Ethiopia, Ghana, Guam, Iran, Iraq, Libya, Nigeria, Pakistan, Puerto Rico, Samoa, Saudi Arabia, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, the US Virgin Islands and Yemen

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May29
Missing Trader

Is "missing trader" scheme legal?

Although a term “missing trader” may not sound too familiar to many clients, tax authorities are very aware of this scheme. The analogy of this term is quite accurate to define the real operations of companies created to make intra-community purchases of large volume not subject to value added tax, sell the merchandise to one or several trading companies without paying the corresponding VAT and disappear or go missing when it is time to fiscal liquidation of taxes.

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Apr30
Missing trader fraud carousel

Massive fraud of the VAT carousel

The incorporation of companies in the European Union with the purpose to carry out the VAT carrousel is penalized by the Tax Agencies. Any company registered in EU or outside of it should never be used for that purpose. Therefore we strongly recommend all our clients not to involve their companies in VAT carrousel.

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Recent posts

List of countries that use EU Banks for money laundering on a large scale

What is a foreign company?

What is Beckham law and how to take advantage of it?

Special purpose entity to reduce tax liability

You also can open a bank account in Andorra

Why and how to invest in gold?

What are the most famous tax havens?

How to transfer money to offshore?

FINANCIAL SERVICES

Offshore Company

Bank accounts

Prepaid cards

E-commerce package

Payment gateway

Online gambling license

Private foundations