Austria Says U.K. Harbors Money-Laundering Havens
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The U.K. is helping to protect “money-laundering paradises” such as the Cayman Islands by failing to properly exercise its legal authority, Austrian Finance Minister Maria Fekter said.
Cyprus has been forced to accept transparency rules, including a ban on anonymous trusts, that should apply equally in all European Union countries, Fekter told reporters in Dublin today, urging EU Tax Commissioner Algirdas Semeta to act.