1st August 2016
Possible EU sanctions against New Zealand could make travel harder and have a massive effect on the economy. New Zealand is under investigation by the EU as it prepares a blacklist of global tax havens, Newshub revealed on Monday night. The grouping of 28 European nations has… Read More
1st August 2016
Controversial law firm Mossack Fonseca and representatives of the Panama government will be asked to testify in a newly created parliamentary committee on the Panama Papers affair. Read More
28th July 2016
In his native Niger State, David Umaru, the All Progressives Congress senator representing Niger East Senatorial District is something of a folk hero. He was a thorn under the skin of the immediate past administration of Governor Mu’azu BabangidaAliyu. He was an unwavering critic and soon gained… Read More
28th July 2016
The law firm at the center of the Panama Papers leak may have helped facilitate an alleged multi-million corruption scheme tied to Sonatrach contracts won by Saipem. The International Consortium of Investigative Journalists found that Mossack Fonesca helped Farid Bedjaoui create a Swiss bank account that was used to purchase “shelf” companies in the… Read More
27th July 2016
Offshore protections allow those involved to exploit natural resources, while evading taxes and dodge prosecution for corruption and money laundering. Read More
26th July 2016
Geneva justice authorities have opened a money laundering investigation into former Russian oligarch Sergei Pugachev, blocking access to funds in the process. The investigation is based on revelations in the so-called Panama Papers. Read More
20th July 2016
Nordea, a Nordic bank named in the Panama Papers tax evasion scandal, conceded on Wednesday that it had not done enough in some cases to safeguard fully against crimes such as money laundering. The region’s biggest lender said an internal investigation found many of the files it had reviewed clearly… Read More
18th July 2016
Guernsey States have formally committed to international agreements to clamp down on tax evasion and money laundering. The government says it is supporting an initiative by G5 countries to share information on beneficial ownership. Beneficial ownership refers to when one person benefits from assets even though the legal title belongs… Read More
18th July 2016
Three Swiss banks as well as a Singapore firm are reportedly being scrutinized for their dealings with Malaysian state fund 1MDB after Banca della Svizzera Italiana, or BSI, was shut down in Singapore for violations of money-laundering rules. UBS, Falcon Private Bank, and Coutts International are being reviewed by financial… Read More
14th July 2016
UBS Group AG flagged suspicious transactions linked to 1Malaysia Development Bhd. to the Monetary Authority of Singapore, prompting an investigation of the accounts involved, a person familiar with the matter said. The transactions were not immediately recognized by UBS as suspicious, said the person, who asked not to be identified… Read More