World’s largest anti-corruption conference to be held in Panama City, 1-4 December
30th November 2016
World’s largest anti-corruption conference to be held in Panama City, 1-4 December
The 17th International Anti-Corruption Conference will take place from 1-4 December in Panama City. Read More
Panama Papers law firm fined $440,000 by BVI regulator
17th November 2016
Panama Papers law firm fined $440,000 by BVI regulator
The British Virgin Islands independent regulator, the Financial Services Commission (FSC), has fined the local arm of the Panama Papers law firm, Mossack Fonseca, $440,000 for its contravention of numerous sections of the Anti-Money Laundering and Terrorist Financing Code of Practice and BVI Regulatory Code. Read More
EU: Zero tolerance needed against tax secrecy, says former Panamanian advisor Joseph Stiglitz
16th November 2016
EU: Zero tolerance needed against tax secrecy, says former Panamanian advisor Joseph Stiglitz
There needs to be a “comprehensive global approach” against secret tax structures, says the Nobel Prize-winning economist, Joseph Stiglitz, who called for “zero tolerance”. Speaking to Parliament’s Panama Committee on Wednesday, the former advisor to the Panamanian government suggested that secrecy in tax affairs should be treated like a disease which needs to be isolated. Read More
Transparency International announces short-listed candidates for Anti-Corruption Award
14th November 2016
Transparency International announces short-listed candidates for Anti-Corruption Award
Transparency International today announced the candidates short-listed for the Anti-Corruption Award. Read More
Berlin takes aim at shell company tax evaders
7th November 2016
Berlin takes aim at shell company tax evaders
Berlin (AFP) - Germany is looking to intensify its crackdown on tax evaders who are stashing their assets in offshore companies, according to a draft law seen by AFP on Thursday. Read More
Pakistan: Supreme Court asks PTI, govt for ToRs to form Panamagate commission
1st November 2016
Pakistan: Supreme Court asks PTI, govt for ToRs to form Panamagate commission
The Supreme Court on Tuesday asked both the Pakistan Muslim League and Pakistan Tehreek-i-Insaf to submit their Terms of Reference (ToRs) on the formation of a commission to probe the Panama Papers leaks. The top court made this decision before adjourning the hearing of the Panamagate case that… Read More
Panama Papers: Iceland election could propel radical Pirate party into power
26th October 2016
Panama Papers: Iceland election could propel radical Pirate party into power
A party that favours direct democracy, complete government transparency, decriminalising drugs and offering asylum to Edward Snowden could form the next government in Iceland after the country goes to the polls on Saturday. Riding a wave of public anger at perceived political corruption in the wake of the 2008 financial… Read More
EU’s anti-money laundering risk list ignores Panama Papers havens
20th October 2016
EU’s anti-money laundering risk list ignores Panama Papers havens
The European Economic and Social Committee (EESC), an EU advisory body made up of workers’ and employers’ organisations, has heavily criticised the EU’s recently published list of high-risk third countries subject to enhanced due diligence measures in relation to anti-money laundering (AML) The EESC says the list does not include many of the… Read More
UK Government must use ‘full weight of its influence’ to stamp out overseas corruption, say MPs
19th October 2016
UK Government must use ‘full weight of its influence’ to stamp out overseas corruption, say MPs
The Government must use “the full weight of its influence” in order to stamp out corruption, money laundering and tax evasion which is having a disproportionate impact on the world’s poorest countries, MPs have concluded. In a report, by the International Development committee (IDC), it is also claimed that there… Read More
Ireland: Budget 2017: Noonan targets offshore tax defaulters
13th October 2016
Ireland: Budget 2017: Noonan targets offshore tax defaulters
Minister for Finance Michael Noonan has taken aim at the use of offshore accounts to avoid tax, pledging to make it a criminal offence for individuals who fail to disclose accounts or other assets held in tax havens from next year. “The release of the so-called Panama Papers… Read More
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