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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

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

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

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

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

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

28th September 2016

Chairman Werner Langen: Panama Papers inquiry committee will also look into Bahama Leaks

Chair Werner Langen kicked off Tuesday’s hearing with the investigative journalists behind the Panama Papers revelations by announcing that the inquiry committee will also look into the recent Bahama Leaks affair and the case of former Commissioner Neelie Kroes, who failed to declare a directorship in an offshore firm while… Read More

24th August 2016

Panama Papers to Lead to Increased Enforcement of Financial Crime Regulations Globally

As Panama Papers disclosures continue, more than half of respondents (51.3 percent) to a recent Deloitte Advisory poll expect global enforcement of anti-corruption, anti-fraud, anti-money laundering and sanctions regulations to increase in the next 12 months. “While we don’t recommend organizations limit their risk assessments of financial crime exposures to… Read More

10th August 2016

Panama Papers Commission ‘Will Have No Credibility,’ Former Chair Joseph Stiglitz Says

Just days after resigning from a committee set up to study Panama’s finance system in the wake of the Panama Papers scandal, the largest leak of private financial data to the public in history, economist Joseph Stiglitz, a Nobel laureate, told ABC News the remaining panel “will have no credibility… Read More

9th August 2016

Malta’s money-laundering headache

Panama Papers cast doubt on island’s ability to push through EU anti-graft laws. Read More

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