Tax Crimes | Certain Risk

Brazil Weighs Taxing Cross-Border Crypto Payments

Brazil’s government is weighing plans to tax the use of cryptocurrencies in international payments, targeting a fast-growing channel for moving money across borders, according to a Reuters report.

“Patrol Boat at Ensenada, Mexico” by peptic_ulcer (Jeff), via Flickr. Licensed under CC BY-SA 2.0. Changes made: edited for publication

Mexican Cartel Turns to ‘Dark Fleet’ to Smuggle Fuel from U.S. and Canada

One of Mexico’s most powerful drug cartels is smuggling gasoline and diesel into the Port of Ensenada with the aid of a “dark fleet” tanker and a Houston-based company, according to an investigation by Reuters.

UBS Office tower. — “Opernturm Frankfurt” by Quartl, licensed under CC BY-SA 3.0 Germany. Via Wikimedia Commons

UBS to Pay Nearly $1 Billion for Alleged Role in French Tax Evasion

UBS Group AG will pay €835 million ($985.6 million) to resolve a yearslong case in France over allegations the Swiss bank helped wealthy clients evade taxes.

Couple on a tropical beach with a sailboat in background. — Image: Rum Point beach – Grand Cayman by Lhb1239, [CC BY-SA 3.0], edited

Watchdog Calls for New Beneficial Ownership Standards in UK Territories

The UK should standardize beneficial-ownership requirements across its Overseas Territories and Crown Dependencies, an international watchdog group said.