EURO PACIFIC BANK AND THE OPERATION ATLANTIS SWEEPING INTERNATIONAL TAX PROBE

On 18 October, The Age in Australia reported that Euro Pacific Bank, a Puerto Rico-based ban fronted by US financier and celebrity business commentator Peter Schiff, has been described as a “top tier” organised crime threat to Australia because of its suspected use by Australian and international organised crime syndicates.  It is alleged to be the target of Operation Atlantis, an international tax probe by the “J5”, a taskforce made up of the tax chiefs of Australia, the US, UK, the Netherlands and Canada that was set up after the Panama Papers leak.  The bank has been designated as an Australian Priority Organisation Target, which means that police suspect that it poses a grave organised crime threat to Australia and is the most serious classification by the Australian Criminal Intelligence Commission.

https://www.theage.com.au/national/westpac-mint-hundreds-of-australians-ensnared-in-global-tax-evasion-probe-20201015-p565la.html

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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