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ARTICLE · 06 DECEMBER 2021

Tax Evasion Typologies And Red Flag Indicators

Camilleri Preziosi
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On the 30th of November 2021, as part of its commitment to effectively fight tax crimes, the FIAU released a factsheet on typologies and red flag indicators related to tax evasion and money laundering.

MaltaTax
Luke Mizzi
Luke Mizzi
Peter Mizzi
Peter Mizzi
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On the 30th of November 2021, as part of its commitment to effectively fight tax crimes, the FIAU released a factsheet on typologies and red flag indicators related to tax evasion and money laundering. One of the shortcomings identified by the FATF in their mutual evaluation of Malta concerned tax crimes and the lack of intelligence possessed by competent authorities and subject persons alike in catching or identifying tax offences. The guidance document hopes to increase subject persons knowledge on such tax crimes and enhance their ability to detect and ultimately report situations where they suspect that their services are or have been or are planned to be used to launder funds connected to serious tax evasion. It is expected that the FIAU will focus on more relevant cases that involve one or more of the following elements:

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