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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

3rd August 2016

New regulatory breach revealed as HSBC profits slide 29%

Bank admits compliance issues in US and reveals requests from world regulators after Panama scandal Read More

1st August 2016

EU considers blacklisting NZ over tax laws

Possible EU sanctions against New Zealand could make travel harder and have a massive effect on the economy. New Zealand is under investigation by the EU as it prepares a blacklist of global tax havens, Newshub revealed on Monday night. The grouping of 28 European nations has… Read More

1st August 2016

Panama Papers: EU Parliament to ask Mossack Fonseca representatives to testify

Controversial law firm Mossack Fonseca and representatives of the Panama government will be asked to testify in a newly created parliamentary committee on the Panama Papers affair. Read More

28th July 2016

Report: Panama Papers shows shell companies used in alleged Saipem corruption scheme

The law firm at the center of the Panama Papers leak may have helped facilitate an alleged multi-million corruption scheme tied to Sonatrach contracts won by Saipem. The International Consortium of Investigative Journalists found that Mossack Fonesca helped Farid Bedjaoui create a Swiss bank account that was used to purchase “shelf” companies in the… Read More

27th July 2016

Panama Papers: Offshore Firm Helped Billionaires Plunder Africa

Offshore protections allow those involved to exploit natural resources, while evading taxes and dodge prosecution for corruption and money laundering. Read More

26th July 2016

Switzerland: Geneva opens money laundering probe into ‘Putin’s banker’

Geneva justice authorities have opened a money laundering investigation into former Russian oligarch Sergei Pugachev, blocking access to funds in the process. The investigation is based on revelations in the so-called Panama Papers. Read More

20th July 2016

Nordea uncovers shortcomings after Panama Papers scandal

Nordea, a Nordic bank named in the Panama Papers tax evasion scandal, conceded on Wednesday that it had not done enough in some cases to safeguard fully against crimes such as money laundering. The region’s biggest lender said an internal investigation found many of the files it had reviewed clearly… Read More

18th July 2016

Guernsey commits to international agreement on financial crime

Guernsey States have formally committed to international agreements to clamp down on tax evasion and money laundering. The government says it is supporting an initiative by G5 countries to share information on beneficial ownership. Beneficial ownership refers to when one person benefits from assets even though the legal title belongs… Read More

Must Read

HSBC Swiss Unit to Pay $192 Million to Settle U.S. Tax Case

U.S. Anti-Money-Laundering Chief Calls for Beneficial Ownership Registry

‘Less action plans, more action’: EU Commission under fire over money-laundering overhaul

Banking: Is Moldova unreformable?

Trump unveils slew of sanctions over human rights abuses overseas