Tax Havens and their relevance in Financial Crime
In the money laundering process, criminals go to extremes to cover their tracks and maximise their harvest takeaway whilst remaining undetectable. Criminals utilise complicated ownership structures and various evasion tactics to achieve this. One of the most effective methods for this is via tax havens. Tax havens by definition, offer a lower or null tax liability compared to the country of origin, which is highly desirable for anyone dealing with large sums […]
