Rahman Ravelli discusses the dividend arbitrage challenges facing the European Banking Authority with Thomson Reuters

26 May 2020

Posted in: Anti-Money Laundering.

The European Banking Authority (EBA) has said that while some European regulators are viewing dividend trading schemes as tax crimes – and an offence under the Fourth Money Laundering Directive - others are taking a different position.

According to the EBA, the differing national laws enable the perpetrators of such activity to function in the friendliest jurisdiction while having access to the whole EU market. This has clear implications for the investigation and prosecution of Cum-Ex trading.

Rahman Ravelli considered the challenges facing the EBA and member states and gave their thoughts on the situation to Thomson Reuters. In the resulting article, they explained that the problems that are caused by the current lack of certainty will remain until the EBA amends its regulatory guidance.

The article can be read here. (Subscription required).

< Previous Senior Partner Aziz Rahman explains in the Financial Times the increased use of account freezing orders by HM Revenue and Customs

Next > The European Commission has begun legal action against Luxembourg for its failure to apply money laundering and tax avoidance laws

Next >

Switchboard: +44 (0)203 947 1539

Share this article on

Rahman Ravelli discusses the dividend arbitrage challenges facing the European Banking Authority with Thomson Reuters

Related Expertise