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Efforts to combat illicit finance have traditionally centered on detection, reporting, and enforcement, but a provocative policy discussion circulating within international forums proposes a fundamentally different approach: the potential integration of illicit financial flows into the formal economy. Framed around taxation and transparency, this concept challenges decades of anti-money laundering orthodoxy and has sparked intense debate among policymakers, regulators, and fi

Cyprus and Vietnam took another significant step in deepening their bilateral relationship on Wednesday, signing a double taxation avoidance agreement aimed at enhancing economic cooperation and curbing tax evasion related to income taxes. The agreement was formalised at the finance ministry in Nicosia and was signed by Cyprus’ Finance Minister Makis Keravnos and Vietnam’s Deputy Minister of Finance Cao Anh Tuan. The convention is designed to provide greater clarity and