More than one in ten of all Limited Liability Partnerships (LLPs) ever incorporated in Britain bear the hallmarks of shell companies used for serious financial crimes, according to a new report published today by Transparency International UK (TI). The independent… Read More ›

Transparency International (TI)
Gazprombank and Russian diamonds in line for EU sanctions
Gazprombank could be a prime target in a new batch of European Union (EU) sanctions on Russia expected in response to Moscow’s mobilisation decree to conscript 300,000 reservists into the Russian army and referendums in areas the union sees as… Read More ›
Stakeholders respond to the FATF consultation on transparency and beneficial ownership draft amendments
Several stakeholders have commented on the Financial Action Task Force (FATF) draft amendments to its Recommendation 25 (R25) on the transparency and beneficial ownership of legal arrangements (Trade-based Financial Crime, 29 June 2022). Financial institutions are amongst those stakeholders the… Read More ›
Rely less on banks and DNFPBs in beneficial ownership standards TI tells FATF
Reliance on banks has been hindering investigations into financial crime according to Transparency International (TI), which is calling for five key fixes to ensure that the new Financial Action Task Force (FATF) global standard on beneficial ownership transparency is effective…. Read More ›