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
SOUTH AFRICA – The Panama Papers, which purport to show how world leaders and companies hid funds away in banks and shadow companies, have uncovered how a law firm abroad was used to protect people involved in one of South Africa’s biggest white collar fraud scandals. Read More
Against a backdrop of big changes to U.S. sanctions in respect of both Iran and Cuba, A. Katherine Toomey, Cristian Francos and Aaron T. Wolfson of Lewis Baach PLLC explain how to access funds which had been frozen - until now Read More
The risks to financial institutions posed by those intent on fraud and financial crime are many and varied. The targeted abuse of bank accounts, lending facilities and credit services can appear in numerous guises, exposing both customer and firm to potential losses worth billions of pounds. In this article, Neill Blundell, Partner and head of the Fraud Investigations Group at Eversheds, and Aisling O’Sullivan, Associate, review the FCA’s guidance to firms and provide an overview of the methods by which a commitment to good practice may be demonstrated. Read More
4th 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 Libya and ISIL (Da’esh) and the Al-Qaida Network. Read More
4th April 2016
The biggest-ever leak of secret information involves 11m documents from Panamanian law firm Mossack Fonseca. Here’s how the story is being covered around the world. Read More
4th April 2016
Former Taxman Harry Kitilya and two ex-senior officers of Stanbic Bank were yesterday charged at the Kisutu Resident Magistrate’s Court with eight counts including forgery and laundering of over $6 million (Sh12 billion). Apart from the former Tanzania Revenue Authority commissioner general, the others accused are… Read More
4th April 2016
David Cameron has come under fire for not cracking down on tax avoidance in the UK following the leak of more than 11 million documents reportedly showing how a Panamanian law firm helped its clients to use offshore tax havens. In 2013 the UK Prime Minister vowed to fight tax evasion… Read More
4th April 2016
The family of Pakistani Prime Minister Nawaz Sharif was defiant today, defending their ownership of offshore companies after they were named in the Panama Papers, one of the biggest leaks in history. 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