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21st February 2018

UK’s Brexit transition plans released

The UK has published proposals for how it wants the transition period immediately after Brexit to work. It says the period should last as long as it takes to “prepare and implement the new processes and new systems”. Number 10 denied this meant it would be longer than the planned… Read More

19th February 2018

UK law enforcement wants EU pact to continue after Brexit

The United Kingdom is keen to have a relationship with the European Union where officials can continue to speedily share intelligence, biometrics and other data after Brexit, the head of Britain’s National Crime Agency (NCA) has said. The NCA has benefited from EU policing partnership in tackling crimes such… Read More

4th February 2018

Swiss banking regulator concludes Panama Papers investigation

Switzerland’s Financial Market Supervisory Authority (Finma) has ended its work on the Panama Papers. Following revelations from the data leak in 2016, the watchdog launched investigations at more than 30 Swiss banks, focusing on their implementation of anti-money laundering regulations. In-depth investigations were carried out at around 20… Read More

19th January 2018

Panama Papers: ‘No evidence’ German banks substantially violated laundering rules

Germany has found no evidence of substantial breaches of money laundering rules by 11 of its banks named in the so-called Panama Papers, the country’s financial watchdog Bafin said on Wednesday. The Panama Papers detailing how the rich and powerful used offshore corporations to hide money and potentially evade taxes,… Read More

12th January 2018

UK: HMRC ‘struggling with fallout of Paradise Papers leak’

HM Revenue and Customs is struggling to cope with a growing workload, including investigating revelations contained within the Paradise Papers, according to parliament’s spending watchdog. The public accounts committee has warned that it is “far from confident” that the tax authority has sufficient resources to scrutinise claims published in the… Read More

10th January 2018

Brexit: EU may treat some UK financial rules as equivalent – Barnier

The European Union could treat some British financial regulation as equivalent to EU law after Brexit, but would not give financial firms a general “passport” to do business in the single market, the EU’s chief Brexit negotiator said on Tuesday. In a speech at a Belgian business event, Michel Barnier… Read More

28th December 2017

Panama Papers: Over $500m recovered by tax authorities globally

More than $500 million has been recouped by tax authorities worldwide after the Panama Papers revelations, first published in April 2016. Spain alone collected $122 million after an investigation into the affairs of tax residents who had stockpiled money offshore. Among the countries represented in the Panama Papers data,… Read More

18th December 2017

Pakistan: Imran Khan ‘free’ of Panama Papers-likened suspicion

Dawn Justice Faisal Arab, who was a member of the three-judge Supreme Court bench that exonerated the PTI chairman on Friday, observed in his additional note that Imran Khan did not incorporate offshore company Niazi Services Limited (NSL) to park assets acquired through embezzlement, bribery or tax evasion to keep… Read More

13th December 2017

As President Yanukovych fell, regime-connected bank sent millions offshore

By Kateryna Kapliuk, OCCRP It’s been almost four years since Viktor Yanukovych, Ukraine’s former president, fled the country after the Euromaidan revolution. But the new government’s investigators have so far been unable to establish how much money his rule has cost the country – or where it went. There has… Read More

6th December 2017

Brazilian businessman details FIFA bribery at US trial

AP A Brazilian businessman testified on Monday that he participated in a bribery scheme to buy the influence of FIFA soccer officials to win commercial rights to major tournaments, a decision he later regretted. “I made a mistake,” Jose “Jota” Hawilla said at the U.S. conspiracy trial of three… Read More

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