How effective has the OECD’s Automatic Exchange of Information (AEOI) been in preventing tax evasion and the financing of terrorism?
On Tuesday, March 24th, we hosted a webinar exploring the impact of the OECD’s Automatic Exchange of Information program on tax avoidance, tax evasion and the financing of terrorist organizations.
Headlined by two academics at UWE Bristol’s School of Law in the UK, this webinar took a closer look at the AEOI’s implementation across the globe and how effective it has been in its current state in curtailing illicit financial activities.
Some of the questions tackled by our panel included:
- How does the exchange of information work within the United Kingdom’s counter-terrorist financing legal framework?
- What is the role of the Joint Money Laundering Intelligence Task Force (JMLIT)?
- Has JMLIT worked?
- What are the results of JMLIT?
- Are there any gaps within the voluntary exchange of information model offered by JMLIT?
If you have any follow-up questions for our panelists, please make sure to submit them below:
Dr. Nicholas Ryder,
Professor of Financial Crime,
Nicholas is a Professor in Financial Crime at Bristol Law School, University of the West of England, Bristol. He has authored four monographs, three edited collections and two text books. Nicholas is the series founder and editor for Routledge's The Law Relating to Financial Crime and he has published numerous scholarly articles on financial crime. His research has been sponsored by the ESRC, LexisNexis Risk Solutions, City of London Police Force, ICT Wilmington Risk & Compliance, Universities South West, France Telecom Group and the European Social Fund.
Between 2015 and 2018, he was the Co-I for the Centre for Research and Evidence on Security Threats, the initial funding is for three years, with £4.35m from the UK security and intelligence agencies and a further £2.2m invested by the founding institutions. He is an invited contributor to symposia at the Law Commission; Royal United Services Institute for Defence and Security Studies; PWC, NATO, UK Finance, European Society of Criminology, Chartered Institute of Internal Auditors, Chartered Institute of Institutional Auditors Fraud and Forensics, Centre for European Legal Studies, Bar Association of Commerce, Finance and Industry and the Institute of Advance Legal Studies. He has recently submitted and published by HM Treasury Select Committee (Review of Economic Crime) and House of Lords Select Committee (Review of the Bribery Act 2010). Nicholas has been asked to consult on numerous financial crime matters for the media including Bloomberg News, the BBC, CNBC and the Wall Street Journal. His current research is investigating the relationship between terrorism financing, social media platforms and the use of suspicious activity reports.
Lecturer in Law,
Sam Bourton is a Lecturer in Law at the University of the West of England, Bristol. She teaches on the LLB and LLM programmes, with modules including Foundations for Law, the Law of Financial Crime and Regulation, and International Financial Crime. Sam is also a PhD candidate, whose thesis aims to provide a comparative analysis of tax evasion law and enforcement in the United Kingdom and United States of America. Her research primarily focuses on the law of financial crime, particularly the law pertaining to tax evasion and money laundering. To contact, email: [email protected].