UK IMPORT BAN ON BUMP STOCKS FOR FIREARMS

NOTICE TO IMPORTERS 2896: UK BAN ON THE IMPORT OF BUMP STOCKS

On 4th December this Notice announced a UK import ban on so-called “bump stocks”.  These are devices which, when fitted or added to a self-loading firearm, utilise the recoil forces to automate repeated pressure on the trigger, increasing the rate of fire of the firearm.  This decision was taken on the grounds of public safety as there is a risk that such items can be used on legally-held rifles.  The import ban will remain in force whilst tests take place on the ability of these devices to be used on legally-held firearms.  Bump stocks came into the public consciousness following the recent Las Vegas shooting tragedy.

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/664452/DIT_Notice_to_importers_2896_UK_ban_on_import_of_Bump_stocks_4_December_2017.pdf

EU PUBLISHES LIST OF NON-COOPERATIVE TAX JURISDICTIONS

On 5th December the EU finally published its awaited list of “non-cooperative” jurisdictions.

http://europa.eu/rapid/press-release_IP-17-5121_en.htm

See also accompanying Memo and Factsheet –

http://europa.eu/rapid/press-release_MEMO-17-5122_en.htm

https://ec.europa.eu/taxation_customs/sites/taxation/files/eu_list_factsheet_en.pdf

American Samoa, Bahrain, Barbados, Grenada, Guam, South Korea, Macao, Marshall Islands, Mongolia, Namibia, Palau, Panama, St Lucia, Samoa, Trinidad and Tobago, Tunisia, UAE

LATEST HM TREASURY ADVISORY NOTICE

LATEST HM TREASURY ADVISORY NOTICE REGARDING THE RISKS POSED BY UNSATISFACTORY MONEY LAUNDERING AND TERRORIST FINANCING CONTROLS IN A NUMBER OF JURISDICTIONS

On 5th December, HM Treasury’s latest Advisory Notice was published. It refers to 2 statements issued by FATF in November 9these are annexed to the Advisory Notice).

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/664503/Money_laundering_and_terrorist_financing_controls_in_overseas_jurisdictions___advisory_notice.pdf