#3. Tinker Tailor Soldier Spy or Identification of Beneficial Owners by Russian Courts

Anti-money laundering and anti-terrorism financing methods and forms (hereinafter – AML) have evolved along with the crimes against which they are aimed. Updating these measures and forms is a task that remains in the agenda of both government and non-government organizations of the world.

Cyprus has one of the largest registered merchant fleets of the World. This achievement has been accomplished due to the many advantages of the flag. Cyprus offers a very attractive package of economic advantages and a wide range of professional services and therefore is classified among the best shipping countries in the world.

Notorious events in the Crimea and in the southeast of Ukraine have caused major changes in European and American economic policy concerning the Russian business and, subsequently and promptly, reciprocal measures on the part of the Russian administration.

People and mass media named this law "tax amnesty" long before it was executed and even before the bill was introduced to the State Duma. This law was anticipated, logical and, what's more important, it was mentioned by the President in his Address to the Federal Assembly.

Hong Kong has grown from a fishing village with an unpopulated territory in the early nineteenth century to become one of the most important financial centers of the world with a population of seven million. Before achieving the status Hong Kong has today, it has gone through various transitions.

This article continues a series of publications about the system of imposition of value-added tax in the European Union. This issue is dedicated to a number of court decisions adopted by the highest judicial authority of the European Community regarding VAT imposition in 2013-2015.

For years the Organisation for Economic Co-operation and Development (OECD) has advocated a policy of improved international tax co-operation between governments.

In the context of the present-day reality, the regulatory agencies start paying closer attention to all the financial transaction and money payments performed by the residents of the Russian Federation in favor of the foreign counterparties. If earlier taxpayers could count on protection from our law enforcement agencies, now they may no longer rely on judicial protection when such cases are considered.

The KYC procedure is based on the risk estimations as well as basic identity information for customer identification. The companies aim to assess the risk of each individual customer's involvement in illegal activity.