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A statement from the European Bank for Reconstruction and Development says that a meeting of the heads of the leading multilateral development banks (MDBs) meeting at the 2018 Global Infrastructure Forum (GI Forum) today reaffirmed their commitment to work together to deliver inclusive, resilient, and sustainable technology-driven infrastructure. "

There's a lot of blah-blah-buzzword-blah and then comes a sentence that should pique the interest of all in the financial and aid sectors.

BIScom Subsection: 

In the 2017 Tax Reform Bill, two major changes to the corporate tax structure will mean Financial Crime Risk Officers will need to scramble to understand how to handle US corporations and to re-write systems, says Nigel Morris-Cotterill. Christmas holidays are at risk if financial services businesses and advisers are to be ready for the new rules many of which will come into force on 1 January, even if PoTUS Trump has not signed the Bill into law by that date.

Recent changes to the Lloyds Banking Group's internet banking platforms have led to customers of the international bank registered in Jersey and regulated in Jersey, Guernsey and the Isle of Man with a sister company in Gibraltar being unable to locate information on services or to apply for services on-line.

UK Labour (socialist) Party leader Jeremy Corbyn is using his attack on the Conservative Prime Minister David Cameron as a smoke screen for an attack on the wealth of all families in the UK, including Labour's own voters in furtherance of his hard left ideas that are closer to communism than the (relatively) benign socialism of even the radical Blair/Brown government.

The USA's Securities and Exchange Commission is, understandably, delighted: yesterday, it told a Court that USD230 million held in an offshore account in the name of a fund under investigation as a possible ponzi scheme has been transferred to the SEC pending the conclusion of investigations against Highview Point Partners and the operators of the fund.

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 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.

Continued from Part 2

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.

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

From World Money Laundering Report Vol, 1 No. 1
October 1999

Offshore financial centres in the Caribbean have never been under any misapprehension about what onshore financial regulators think of them.