Tag: letterbox companies

  • Proposed AMLD revision fails to unlock secrecy behind letterbox companies

    A press release of Fabio De Masi

    In response to the Panama Papers scandal, the European Commission will today unveil another set of changes to the EU’s Anti-Money Laundering Directive (AMLD). This is in addition to new measures against tax evasion and tax avoidance which will also be announced on Tuesday afternoon. The AMLD’s fourth version had originally been adopted by co-legislators in 2014 and member states are currently in the process of transposing its provisions ...