Featured Marshall Islands

Tax haven residents hold $5.7 billion of cash in Australia

Residents of known tax havens held more than $5.7 billion of cash in Australian bank accounts, according to figures released for the first time, suggesting the local financial system remains vulnerable to money laundering and tax avoidance. The data from the Australian Taxation Office has been made public as part… Read More

Lendy investors demand inquiry into audit ‘failures’

The accounting industry watchdog is being urged to investigate alleged oversights by the auditor of Lendy, the scandal-hit peer-to-peer lender whose collapse has left thousands of investors facing millions of pounds in losses. Representatives of Lendy investors said that the role of Moore Stephens, part of BDO, the international accountancy… Read More

U.S. Tightens Squeeze on Venezuela Oil Trade, Blacklisting Four Tanker Owners

The Trump administration Tuesday tightened its web of sanctions around the Maduro regime in Venezuela, blacklisting four companies allegedly involved in the country’s oil sector. By sanctioning the firms and their vessels, which are registered in the Marshall Islands and Greece, the U.S. Treasury Department is attempting to cut… Read More
22nd May 2020
Secret documents showing how a London couple brought at least £14 million of allegedly corrupt money from an “Azerbaijani laundromat” into Britain have been cleared for release by a judge in a partial court victory for the Evening Standard. Chief Magistrate Emma Arbuthnot said that this newspaper had an… Read More
10th February 2020
An investigation has been opened targetting Belgian Prince Henri De Croÿ’s alleged tax evasion network, which he is accused of using to help funnel millions in funds into tax havens. Finance Minister Alexandre de Croo confirmed that the Special Tax Inspectorate (ISI) was building up files on taxpayers whose names… Read More
6th November 2017
By Francesco Guarascio, REUTERS European Union states will on Tuesday discuss plans for a tax havens’ blacklist, officials said, in a bid to tackle offshore tax avoidance after leaked documents revealed investments by wealthy individuals and institutions around the globe. The subject’s inclusion on the monthly meeting’s agenda of EU… Read More
18th October 2017
Digital ledger, or blockchain technology, is set to change the way both private companies and governments do business, says Mat McGuire, a financial crime risk management expert from Canada. The technology has substantial utility as a solution to money laundering and tax evasion, notwithstanding growing concerns about its use in… Read More