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NEWS: First Danish court case in ‘cum-ex’ tax fraud scheme starts Wed

Premium November 8, 2023

While made with the highly digitised nature of Danish society in mind, the initiatives are also applicable to other European countries and “could serve as an inspiration towards better, more automated processes and a higher harmonisation of KYC procedures in the EU.”

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NEWS: France, Ireland and Latvia called out by EU for AML failures

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NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

INSIGHT: New AML rules will change the EU’s financial crime prevention landscape for good. But what will change in practice?

By Johannes Birkebaek

The first Danish trial related to an alleged “cum-ex” tax fraud scheme against a Briton charged with defrauding the Danish government of 320 million crowns ($45.3 million) started on Wednesday morning in a Copenhagen city court.

Guenther Klar will be the first person to be tried out of nine from the United States and Britain charged by the Danish state prosecutor with defrauding Danish tax authorities in the “cum-ex” tax fraud scheme, involving dividend taxes.

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Premium

NEWS: France, Ireland and Latvia called out by EU for AML failures

 Premium

NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

INSIGHT: New AML rules will change the EU’s financial crime prevention landscape for good. But what will change in practice?

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