Featured Isle Of Man

Tax Rules for the Super-Rich Make the Isle of Man a Haven for Private Jets

OCCRP – Oleg Tinkov is a self-made Russian billionaire with a penchant for private jets and luxury homes around the globe that bear his name, just like the online bank he founded. For years, Tinkov flaunted this lavish lifestyle on social media. In February, his family flew a $58-million… Read More

Company ownership registers: ‘Don’t dismiss the racial bias claims in Bermuda’

Deputy Kirsten Morel, who chairs the Economic Affairs Scrutiny Panel, recently addressed comments made in Bermuda newspaper The Royal Gazette in an article discussing the territory’s move to introduce legislation for full transparency on company ownership by January 2023. In 2018, the UK parliament passed laws requiring the Overseas Territories… Read More

Revealed: Scottish property worth billions owned by tax haven firms

Foreign companies own £4.4 billion worth of Scottish property, The Ferret can reveal, leading to calls for greater transparency to stop Scotland losing out on tax revenue. Concerns have also been raised about the need for urgent action to stop criminals using opaque foreign companies to invest in Scottish property… Read More
17th June 2020
By Roman Shleynov, OCCRP, 16 June 2020 OCCRP — One day in the summer of 2013, the central Moscow office of Fonbet, Russia’s largest sports betting company, looked like a besieged fortress. Sparks and the smell of burnt metal filled the air. Officers from the anti-corruption directorate of the… Read More
9th June 2020
By Vahe Sarukhanyan and Edik Baghdasaryan, OCCRP, 5 June 2020 OCCRP — When the coronavirus hit Armenia in early March, those who had been exposed to the first confirmed patient were ushered to the mountain resort town of Tsaghkadzor and quarantined at the posh Golden Palace Hotel Resort & Spa. Read More
2nd June 2020
OCCRP—When Eldar Mahmudov fell out of favour with Azerbaijan’s government, he fell hard. In October 2015, the country’s national security minister was dismissed from his powerful role by a presidential order. Within days, wild stories peppered local media outlets about raids on his villa, where police discovered glass jars… Read More
1st June 2020
A string of luxury properties, including a £17m home near Harrods, were acquired by the children of Azerbaijan’s former security chief, an investigation has revealed. Eldar Mahmudov was dismissed as national security minister by a presidential order in 2015. No official explanation was given for his removal. Now, caches… Read More
11th February 2020
Brussels is clamping down on 82 free ports or free zones after identifying that their special tariff and duty status has aided the financing of terrorism, money laundering and organised crime. A set of new rules was introduced by the European commission just weeks before the launch on Monday of… Read More
3rd February 2020
A just-concluded pre-trial investigation of Vladimir Romanov, the former owner of Lithuania‘s Ukio bank suspected of looting it for millions of euros, hinged on a key episode detailed in OCCRP’s 2018 account of leaked information in the Paradise Papers. Ukio bank collapsed abruptly in 2013, as the Lithuanian… Read More
15th January 2020
British offshore tax havens will send information about Russian assets registered in their jurisdictions to the Russian tax authorities, despite London and Moscow having cancelled an international agreement which facilitates the sharing of such financial information. Jersey, Guernsey and the Isle of Man are set to share details on bank… Read More
14th January 2020
The UK’s first ever cross-government, public-private Economic Crime Plan, a collection of policy, legislative and operational commitments, was published just days before the passing of the baton from Theresa May to Boris Johnson. In this respect, the plan could be viewed as a cuckoo in Prime Minister Johnson’s policy… Read More
23rd December 2019
The Belgian tax authorities are investigating two new sets of banking leaks from London and the Isle of Man, documents which contain 11,000 links to Belgian taxpayers. The news comes in reports in Le Soir, De Tijd and Knack, whose reporters are members of an international consortium of investigative… Read More
19th November 2019
Cayman National Bank has announced that its subsidiaries in the Isle of Man were hacked by a well known hacking group on Sunday. Although the bank has not named that group, it appears from European media that it was Phineas Fisher, an infamous, anti-capitalist vigilante hacker group that targets… Read More