LONDON: British government efforts to crack down on money laundering and fraud through UK businesses are failing to tackle a key area – the role of company formation agents – a Reuters study of the sector shows. Some formation agents, who typically offer to create new businesses for fees of about 200 pounds ($288) or…
The shadow of the Shard is cast across the financial district of London. Photo: Luke Macgregor/Reuters British government efforts to crack down on money laundering and fraud through UK businesses are failing to tackle a key area the role of company formation agents a Reuters study of the sector shows. Some formation agents, who typically…
LONDON British government efforts to crack down on money laundering and fraud through UK businesses are failing to tackle a key area – the role of company formation agents – a Reuters study of the sector shows. Some formation agents, who typically offer to create new businesses for fees of about 200 pounds or less,…
Reuters on March 18, 2016, 10:13 pm A pedestrian walks past the headquarters of Her Majesty’s Revenue and Customs (HMRC) in central London, Britain in this February 13, 2015 file photo. REUTERS/Stefan Wermuth/Files By Tom Bergin and Stephen Grey LONDON (Reuters) – British government efforts to crack down on money laundering and fraud through UK…
British government efforts to crack down on money laundering and fraud through UK businesses are failing to tackle a key area – the role of company formation agents – a Reuters study of the sector shows. Some formation agents, who typically offer to create new businesses for fees of about 200 pounds ($288) or less,…
Thomson ReutersFile photo shows the shadow of the Shard cast across the financial district of London as seen from The View from The Shard By Tom Bergin and Stephen Grey LONDON (Reuters) – British government efforts to crack down on money laundering and fraud through UK businesses are failing to tackle a key area –…
A family-owned dessert business operating for more than 20 years is facing an uncertain future after its parent company collapsed into voluntary administration. Cakes Galore appointed external managers earlier this month, with Anne Meagher and Terry van der Velde acting as joint administrators. A creditors meeting was held earlier this week in Toowoomba. Cakes Galore…
Brazils economic quagmire, with an ever-growing corruption scandal on top of the longest and deepest recession in at least a century, is producing an unprecedented era of corporate debt restructuring in the country. Brazilian debt now accounts for 45 percent of Bank of America Corp.s $137 billion index for distressed emerging-market bonds, compared with less…
(The following statement was released by the rating agency) SEOUL/SINGAPORE, March 17 (Fitch) Fitch Ratings has assigned a ‘BBB+(EXP)’ expected rating to South Korea based Shinhan Bank’s (Shinhan; A/Stable) proposed US dollar denominated subordinated unsecured notes. This is Shinhan’s first offshore issue of a Basel III-compliant Tier 2 instrument. Fitch expects the notes to have…
(Recasts to focus on timetable, liquidity needs) By Jose Elías Rodríguez Struggling energy and engineering firm Abengoa will probably have to ask a court for more time to get lenders to back its debt restructuring, as its race to avoid becoming Spain’s first ever bankruptcy goes down to the wire. The company said on Wednesday…