Risk and Opportunities under COVID-19

The COVID-19 crisis, the lockdowns and travel restrictions have an immediate impact on peoples lives. Likely at least part of that impact will stay. Normal will no longer be what it used to be and…

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EU Directive on Administrative Cooperation (DAC 6)

On May 25, 2018, the Council of the European Union has issued the Council Directive (EU) 2018/822 (DAC6)[1]. Member states will have adopted and published, by 31 December 2019 at the latest, the…

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Trade Based Money Laundering, Tax Evasion and Developing Countries

Trade-based money laundering (TBML) and tax evasion contributed to a nearly $9-trillion loss for developing countries between 2008 and 2017, according to a recent report published by Global Financial…

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