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11th December 2018

Prosecutors eye former Deutsche Bank anti-money laundering official – report

Frankfurt prosecutors have launched a probe against a former anti-money laundering official of Deutsche Bank on suspicion of money laundering, German public broadcaster Hessischer Rundfunk reported on Monday. The public prosecutor is accusing the former official of failing to report suspicious transactions, despite sufficient indications of money laundering, Hessischer Rundfunk… Read More

15th March 2018

Panama Papers law firm Mossack Fonseca to shut down

Mossack Fonseca, the Panamanian law firm at the center of the “Panama Papers” scandal, said on Wednesday it was shutting down due to the economic and reputational damage inflicted by its role in the global tax evasion debacle. The so-called Panama Papers, which consist of millions of documents stolen from… 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

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

Malta: Three charged with murder of Panama Papers journalist

By Stephanie Kirchgaessner, Guardian Three Maltese men have been charged for the murder of Daphne Caruana Galizia, the investigative journalist who was killed by a car bomb last month. The three suspects include two brothers, George and Alfred Degiorgio, and Vincent Muscat. The suspects were also charged with criminal use… Read More

4th December 2017

Malta: Eight arrested over Daphne Caruana Galizia’s murder

By Jamie Grierson, Guardian and agencies. Eight suspects have been arrested in Malta over the murder of the investigative journalist, Daphne Caruana Galizia, the Maltese prime minister has said. Caruana Galizia, who was a relentless critic of corruption in the country, died in October in a powerful car bomb blast… Read More

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