4th April 2016
The fact that Ukraine’s president Petro Poroshenko has been caught up in the Panama Papers scandal bodes ill for the result of the impending Dutch referendum when the Dutch will vote for or against Dutch ratification of the EU-Ukraine association agreement, as well as for the just agreed US financial aid to… Read More
4th April 2016
Russian media are keeping mum about the $2 billion found in offshore accounts linked to close friends of President Vladimir Putin. An investigation published by an international coalition of more than 100 media outlets on Sunday details how politicians use banks, law firms and offshore shell companies to hide their… Read More
4th April 2016
Heads of state, politicians, celebrities and criminals have been named in a huge cache of leaked files exposing almost 40 years of intricate methods to make use of offshore assets. Read More
1st April 2016
Please be advised that there have been a number of developments in relation to the Bailiwick’s sanctions regime which are set out below.  These developments concern sanctions relating to the Russian Federation, together with ISIL (Da’esh) and the Al-Qaida Network. Read More
31st March 2016
The Mauritius FSC has revoked the Investment Dealer (Broker) Licence and Category 1 Global Business Licence of CityGate Securities.  The licences had been suspended since 21 July 2015.  Click here to download the associated public statement… Read More
31st March 2016
BRUSSELS/KUALA LUMPUR, – Luxembourg’s state prosecutor has launched a judicial inquiry into allegations of money laundering involving hundreds of millions of dollars against Malaysia’s sovereign wealth fund 1Malaysia Development Bhd (1MDB). Read More
22nd March 2016
HM Revenue & Customs has admitted it will fail to reach its £1bn target to recoup money funnelled offshore to evade paying tax as it is too busy with its existing workload. Read More
17th March 2016
The New Zealand Treasury has questioned major banks over their severing of ties with remittance services, according to an official document seen by Reuters, amid concern over rising costs of money transfers and a lack of oversight. Read More
15th March 2016
Panama has ignored the majority of requests for information sent by Malta’s anti-money laundering agency (FIAU) for 10 years, highlighting the difficulty of penetrating the country’s strict secrecy laws. Read More
14th March 2016
Please be advised that there have been a number of developments in relation to the Bailiwick’s sanctions regime which are set out below.  These developments concern sanctions relating to North Korea and Ukraine. Read More