OECD May Link Tax Offenses to Money Laundering, HZ Reports
By Elena Logutenkova -
2012-02-01T17:53:06Z
The Organization for Economic Cooperation and Development may declare tax offenses as predicative offenses to money laundering, Handelszeitung reported, citing a working paper from the Financial Action Task Force, which is due to meet this month in Paris.
This may mean that banks will have to inform the authorities in the future if they suspect undeclared money, the newspaper said.
To contact the reporter on this story: Elena Logutenkova in Zurich at elogutenkova@bloomberg.net
To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net
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