20th July 2016
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 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
11th July 2016
CARACAS, Venezuela — Jannet Almeida, a local representative of the Panamanian law firm of Mossack Fonseca, which is at the center of the Panama Papers offshore scandal, has been arrested by Venezuelan authorities in Caracas. “The woman was in charge of seeking customers to invest illicit funds in outsourcing-type business… Read More
8th July 2016
Authorities investigating FPB Bank in connection with Car Wash corruption probe Read More
6th July 2016
Measures to identify real ownership of companies and a law clamping down on offshore avoidance in the pipeline Read More
6th July 2016
The European Commission proposed Tuesday to strengthen EU rules on anti-money laundering in a bid to counter terrorist financing and increase transparency about who really owns companies and trusts. The proposal forms part of an Action Plan to strengthen the fight against terrorist financing and is also part of a… Read More
28th June 2016
The Government won't speed up anti-money laundering laws – because of the cost to lawyers and real estate agents. Read More
15th June 2016
An information technology worker at the Geneva office of Mossack Fonseca, the law firm at the center of the Panama Papers scandal, has been arrested, Switzerland’s Le Tempsnewspaper reported Wednesday. The paper, citing a source close to the case, said the IT employee had been placed in provisional detention on… Read More
9th June 2016
An official European probe has been launched into the scandal over the so-called Panama Papers. Read More
Adam S. Kaufmann and A. Katherine Toomey of Lewis Baach pllc discuss the advantages of self-reporting for those U.S. businesses who may fear that an upcoming disclosure, whether as a result of the Panama Papers scandal or elsewhere, may lead to a criminal or serious regulatory investigation in the U.S. Read More