Naveed Qazi naveedqazi@live.com It has been just one year since Panama Papers were leaked to the public.  Some 11.5 million digital records exposed dark deeds of the corporates running away from tax evasion, international sanctions, kleptocracy and from fraud. Panama Papers (also known as Mossack Fonseca papers) burst the scene and shook political governments, exposed […]

The gatekeepers of democracy are rarely lost in one dramatic crash, rather they are lost in a slow, insidious erosion often hardly noticed until it is too late. Looking at the shocking revelations and allegations that emerged since the Panama Papers, one would realise that the system of checks and balances has been failing us […]

Dutch banks have been sharpening up regulations for trust offices and their customers ever since the publication in April 2016 of the Panama Papers – millions of leaked documents about offshore entities. Details of the changes were found in internal documents of Holland Quaestor, the sector lobby group, obtained by the Financieele Dagblad the paper […]

In the party’s 8 June election manifesto, unveiled last week, British prime minister Theresa May said if she is re-elected she will “go further” in targeting tax evasion and avoidance and “will legislate for tougher regulation of tax advisory firms” in the UK. “We have taken vigorous action against tax avoidance and evasion, closing the […]

The Financial Intelligence Analysis Unit had “reasonable suspicion” the Prime Minister’s chief of staff was involved in money laundering after he transferred hundreds of thousands of euros to the then managing director of the Allied Group, Adrian Hillman. This is the second case involving Mr Schembri that the FIAU is now known to have flagged […]

‘Panama Papers’ are a huge, unprecedented leak of 11.5mn files from the database of Panama’s Mossack Fonseca, world’s fourth-largest offshore law firm. Dubbed as the biggest data “leak” in history, it revealed how Mossack Fonseca clients laundered money, dodged sanctions and avoided taxes. German newspaper Sueddeutsche Zeitung obtained the records from an unknown source and […]

The Financial Intelligence Analysis Unit had “reasonable suspicion” the Prime Minister’s chief of staff was involved in money laundering after he transferred hundreds of thousands of euros to the then managing director of the Allied Group, Adrian Hillman. This is the second case involving Mr Schembri that the FIAU is now known to have flagged […]

Pakistan Prime Minister, Nawaz Sharif has been given 7 days to resign.The Supreme Court Bar Association and the Lahore High Court Bar Association have threatened to launch a countrywide movement if Prime Minister Nawaz Sharif doesn’t resign in seven days. In a joint declaration issued by the two bar associations, they said that following the […]

ISLAMABAD: The joint investigation team (JIT) probing details of the London properties owned by the sons of Prime Minister Nawaz Sharif has sought help from the International Consortium of Investigative Journalists (ICIJ), which originally uncovered the Panama Papers. The JIT, led by a Federal Investigation Agency (FIA) additional director general, invited journalist Umar Cheema to […]