Featured Iceland

Another law firm dragged into Fishrot scandal

The Anti-Corruption Commission (ACC) has confirmed investigating another law firm, Ellis Shilengundwa Incorporated, in connection with funds deposited into their bank account by the National Fishing Corporation of Namibia (Fishcor). Ellis & Partners Incorporated was established in 1997 by renowned lawyer Phillip Ellis. Ellis, however, left the law firm in… Read More

Anatomy of a Bribe: Corruption in Namibia’s fishing industry unveiled

Several figures close to Namibian President Hage Geingob have been filmed discussing the laundering of political contributions, an Al Jazeera investigation has revealed. In Anatomy of a Bribe, Al Jazeera’s Investigative Unit exposes corruption in Namibia‘s fishing industry, implicating the country’s now former minister of fisheries and marine resources,… Read More

Norway Police to Investigate DNB After Iceland Laundering Report

Police in Norway will investigate the country’s biggest bank after it was reportedly used by an Icelandic fishing company to launder money. The probe will try to determine whether DNB ASA, which is based in Oslo, committed any punishable offenses, Hedvig Moe, acting chief of the Norwegian National Authority for… Read More
20th November 2019
Two Icelandic banks are already investigating the accounting of Samherji—the Icelandic fishing giant currently embroiled in a scandal involving bribing Namibian officials for fishing quotas, and using a shell company in a tax haven to squirrel away the proceeds, Vísir reports. Samherji’s activities were brought to light last… Read More
10th October 2019
The International Monetary Fund (IMF) is asked to conduct an independent evaluation of money laundering prevention in the Nordic and Baltic region, a member of the Bank of Lithuania’s board said Wednesday. “A regional monetary prevention evaluation will be performed,” Marius Jurgilas told members of the Seimas Committee on Budget… Read More
5th July 2017
In line with the presidential decree, the Russian government extended the embargo on certain types of food from countries that had imposed sanctions on Russia, according to a document, published on the Russian government’s website on Wednesday. A ban on imports of certain types of agricultural products, raw materials and… Read More
23rd June 2017
Minister of Finance Bene­dikt Jóhann­es­son held a press conference today wherein he announced that the Icelandic government has “declared war” against tax evaders, in the wake of reports issued by two different government workgroups on imports and taxes. Benedikt is also the chairperson of the Reform Party, and his position… Read More
26th October 2016
A party that favours direct democracy, complete government transparency, decriminalising drugs and offering asylum to Edward Snowden could form the next government in Iceland after the country goes to the polls on Saturday. Riding a wave of public anger at perceived political corruption in the wake of the 2008 financial… Read More
5th April 2016
Iceland's Prime Minister Sigmundur David Gunnlaugsson is to step down after leaked documents from a Panamanian law firm showed his wife owned an offshore company with big claims on collapsed Icelandic banks, his party said. Read More
4th April 2016
REYKJAVIK:  Iceland’s opposition called on the prime minister and government to resign and planned a no confidence vote after a leak of documents stoked anger over his wife owning a tax haven-based company with large claims on the country’s collapsed banks. The allegations in the so-called Panama Papers that were… Read More
4th April 2016
Petro Poroshenko, President of Ukraine; Salman bin Abdulaziz bin Abdulrahman Al Saud,  King of Saudi Arabia; Li Xiaolin,  daughter of former Chinese premier Li Peng; Sergey Roldugin, a close friend of Vladimir Putin; Arkady and Boris Rotenberg, also friends of Vladimir Putin; Juan Pedro Damiani, FIFA ethics committee member; Sigmundur David Gunnlaugsson, Prime Minister… Read More