08/15/2012

Does the Standard Chartered settlement promote financial crime?

The Asia-focused bank agreed to a fine of $340m and to allow monitors and examiners of his choice reporting to the New York State department of financial services to be installed in its New York branch to ensure it is abiding by anti-money laundering legi

08/15/2012

And finally… HMRC’s latest weapon – child tax spies?

In the Soviet era, children were recruited to inform on their parents. While we support HMRC in its reasonable efforts to manage the tax system, recruiting children in to a Stasi-style venture might, we suggest, be going a little too far.

08/12/2012

A US sledgehammer to crack Standard Chartered

Peter Sands, the chief executive of Standard Chartered and until last week the High Priest of banking virtue, must be wondering what he's done in a previous life to deserve the attentions of Benjamin Lawsky.