Transparency International calls for action
An anti-corruption agency says Crown Dependencies must introduce a public beneficial ownership register to deter and detect dirty money.
Speaking on Radio 4's Today Programme this morning (30 Aug), the director of Transparency International believes the UK Foreign Office isn't doing enough to prevent money laundering.
Robert Barrington said the Isle of Man is part of a 'gaping loophole' in the current financial legislation:
Knives and 'sharp metal objects' found in Douglas Council recycling box
Local authority says such incidents 'must stop'
Bus drivers to go on strike
Walkout expected to last 10 days
Taxi driver remanded in custody after admitting £11k cheque fraud against father
Magistrates commit 46-year-old to higher court, citing seriousness of offences
Island businesses invited to FSA events
It's to strengthen awareness about financial crime
Yellow warning for snow
Comes in to effect at 6pm