OECD: Improving cooperation between Tax and Anti-Money Laundering Authorities (September, 22nd 2015)

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Improving Co-operation between Tax and Anti-Money Laundering Authorities: Access by tax administrations to information held by financial intelligence units for criminal and civil purposes
Financial crimes, including tax crimes, threaten the strategic, political and economic interests of both developed and developing countries and undermine confidence in the global financial system. In a world of limited resources and increasing complexity government authorities must work closely together in a “whole of government” approach to best address these challenges.
This report uses survey data to analyse the levels of co-operation between the authorities combating serious financial crimes such as tax crimes, bribery corruption, money laundering and terrorism financing. More specifically, it assesses various models for the sharing of Suspicious Transaction Reports (STRs) by the Financial Intelligence Unit (FIU) with the tax administration, both for criminal and civil purposes. It finds that there are significant potential benefits from greater co-operation, with each authority pooling their knowledge and skills.
The report subsequently recommends that subject to the necessary safeguards, tax administrations should have the fullest possible access to the STRs received by the FIU in their jurisdiction.

Table of contents

  • Executive summary
  • Introduction
  • Work of the TFTC
  • Benefits of FIUs sharing STRs with tax administrations
  • Models of tax administration access to STRs
  • Uses of STRs
  • Protecting confidentiality and data security
  • Removing barriers to access
  • Maximising effectiveness in the use of STRs
  • Conclusions
  • Recommendations and possible future steps
  • Other related OECD resources and assistance
  • Bibliography

More information

Annexes

See also

Anti-Money Laundering series (in Italian)

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