28th September 2016
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
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
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
Panama Papers cast doubt on island’s ability to push through EU anti-graft laws. Read More
3rd August 2016
Bank admits compliance issues in US and reveals requests from world regulators after Panama scandal Read More
1st August 2016
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
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
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
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
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