Malta: appeal against ‘procedurally wrong’ decision to hold Panama money laundering inquiry
3rd August 2017
Malta: appeal against ‘procedurally wrong’ decision to hold Panama money laundering inquiry
A lawyer who filed one of the seven appeals against Magistrate Ian Farrugia’s decision to launch an inquiry into money laundering allegations, said that the clients are arguing that the request is “procedurally wrong”. MaltaToday has been refused a copy of the appeal application by the courts, but one of… Read More
Pakistan PM Nawaz Sharif resigns over Panama Papers verdict
28th July 2017
Pakistan PM Nawaz Sharif resigns over Panama Papers verdict
Nawaz Sharif has resigned as prime minister of Pakistan following a decision by the country’s Supreme Court to disqualify him from office. The ruling came after a probe into his family’s wealth following the 2015 Panama Papers dump linking Mr Sharif’s children to offshore companies. Mr Sharif has consistently denied… Read More
Dutch PM may face uncomfortable questions at G20 summit: Tax evasion high on the agenda
7th July 2017
Dutch PM may face uncomfortable questions at G20 summit: Tax evasion high on the agenda
The G20 summit is starting in Hamburg today and the Netherlands is participating for the first time in seven years, at the invitation of German chancellor Angela Merkel. And while the Netherlands is excited about taking part in the summit, Prime Minister Mark Rutte and his delegation may face some… Read More
UK: HMRC ‘almost doubles’ requests to foreign governments for tax evasion assistance
6th July 2017
UK: HMRC ‘almost doubles’ requests to foreign governments for tax evasion assistance
High profile cases, including those linked to the so-called ‘Panama Papers’ leak of April 2016, have increased public pressure on HMRC to pursue those suspected of hiding income and assets offshore, according to Pinsent Masons tax investigations expert Paul Noble. “Enlisting the assistance of foreign tax authorities in tax investigations… Read More
Money laundering probe: Pakistan PM Sharif to be questioned on Panamagate today
15th June 2017
Money laundering probe: Pakistan PM Sharif to be questioned on Panamagate today
Pakistan Prime Minister Nawaz Sharif is scheduled to appear before the Panamagate joint investigation team (JIT) on Thursday, which is probing allegations of money-laundering against his family. Read More
Germany combats use of letterbox companies to avoid tax
6th June 2017
Germany combats use of letterbox companies to avoid tax
The German upper house of Parliament, the Bundesrat, passed a bill June 2 to stymie tax evasion through letterbox companies as part of a wider crackdown on illegal tax practices in light of last year’s Panama Papers scandal. The bill, which will become law after being signed by the German… Read More
The impact of the Panama Papers on Africa
5th June 2017
The impact of the Panama Papers on Africa
The Panama Papers story broke last year. As far as I am concerned, it is perhaps the most impactful revelation ever regarding the misuse of corporate secrecy, tax evasion and hidden wealth around the world. The revelation has triggered resignations of top officials around the world, while also sparking investigations… Read More
Australia: Tax fraud allegation could undermine trillion-dollar investigations, senator says
22nd May 2017
Australia: Tax fraud allegation could undermine trillion-dollar investigations, senator says
The arrest of Adam Cranston over an alleged $165 million tax fraud could have serious consequences for the Australian Taxation Office and even the investigation into the Panama Papers, Senator Nick Xenophon says. Adam Cranston is the son of deputy tax commissioner, Michael Cranston, who is now facing a charge… Read More
Row ignites after Germany slams ‘tax haven’ Malta
16th May 2017
Row ignites after Germany slams ‘tax haven’ Malta
Norbert Walter-Borjans has been busy turning himself into the public scourge of German tax cheats and foreign tax havens. Having already riled Switzerland by buying CDs with stolen bank account data – and then accusing the Alpine state of spying on his tax offices – North Rhine-Westphalia’s finance minister criticized… Read More
Panama’s financial reform agenda must prioritize combating tax evasion
12th May 2017
Panama’s financial reform agenda must prioritize combating tax evasion
Following last year’s leak of confidential financial documents from a Panama law firm, a United Nations rights expert yesterday called on the countries’ authorities to continue to impose greater due diligence on financial and banking institutions. Juan Pablo Bohoslavsky said that such reforms would enable parties to prevent and denounce… Read More
Popular

£1.5m legal bill forces rethink over McMafia wealth orders

‘Magnitsky Act’ will fail while Britain remains money laundering hub, experts warn

JPMorgan Dropped Accounts That Became Bad News for Deutsche Bank

On the Periphery: Financial Crime Risks in Cryptocurrency Mining

Will the e-money boom make the UK a hub of money laundering?

Must Read

Bermuda: Beneficial ownership register to go public

FBI concerned over laundering risks in private equity, hedge funds – leaked document

Court ties dos Santos to ‘fraudulent’ diamond deal as Portugal further freezes out billionaire

Regulators plot path for cross-border payments to counter Facebook

UK fraud office launches review after judge says director fell for flattery