Archive | September, 2006

Sportingbet Ex-Chairman Set Free by New York

A New York judge on Friday dismissed the arrest warrant for the former chairman of online gambling firm Sportingbet, allowing him to return to Britain. The ruling ends three weeks of uncertainty for Peter Dicks, who was arrested in New York on September 7 under a warrant issued by the state of Louisiana charging him […]

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Co-operation in Tax Transfer Crackdown

Talks are under way with tax authorities in 10 Pacific region countries, as well as in traditional tax havens such as the Channel and Cayman islands, as part of a 33-nation OECD initiative against illegal tax transfers. Australia’s largest tax fraud investigation, Operation Wickenby, was launched after the Australian Taxation Office discovered high-profile people were […]

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Costa Rica’s lax laws shield online gambling industry

Costa Rica finds itself in the middle of the fight between U.S. authorities and the online gambling industry. The moves by the U.S. Justice Department have industry insiders scratching their heads and shares of online gambling companies tumbling on international stock markets. Continue reading “Costa Rica’s lax laws shield online gambling industry”

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Ras Al Khaimah Offshore Tax Haven in UAE

Investors looking for a new tax haven will now have a second option in the UAE with the launch of new offshore facility by the government of Ras Al Khaimah. The initiative, called ‘International Companies Registry’, will allow foreign investors to register offshore companies in the Ras Al Khaimah Free Trade Zone without the need […]

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Putin Calls for Money Laundering Crack-Down

Russian President Vladimir Putin has called for the country’s financial sector to crack down on suspicious banking practices, following the murder of a senior central bank official. Mr Putin called a meeting of top bankers and regulators to discuss the scale of fraud and money laundering problems involving Russian financial institutions after Andrei Kozlov, deputy […]

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