May 2016

CAPE TOWN – The South African Revenue Services (Sars) executive Vlok Symington says it has created a special unit to follow up information relating to the names of South Africans identified in the Panama Papers. He told a joint sitting of three Parliamentary oversight committees yesterday that the names of 1,700 South African residents identified in data leaked […]

The company at the heart of the Panama Papers scandal has resigned abruptly as the representative of 1,024 companies it administered in the state of Nevada. The resignation by the Nevada affiliate of Mossack Fonseca came more than a month after a report by McClatchy that showed how the firm helped Brazilians, Russians and others […]

That’s the same year the DOJ claims the elaborate bribery plot commenced. Alumet was used as a “shell” company that “had no legitimate business operations,” the DOJ claims in court filings, and the “corrupt arrangement” allowed “Consultant A” to “enrich himself and pay bribes to senior government officials of Bahrain.” Dahdaleh declined interview requests. Written […]

ISLAMABAD: The 12-member parliamentary committee, which will decide the Terms of Reference (ToRs) for the judicial investigation of Panama Papers, will hold its first meeting on Wednesday (today), ARY News reported. The meeting will be held at 04.00 p.m. Pakistan Standard Time (PST). Speaker of National Assembly Sardar Ayaz Sadiq had approved the committee which […]

Home» Top News » Pakistan Top News Posted by Fawad Maqsood 42 ISLAMABAD: Finance Minister Senator Muhammad Ishaq Dar Tuesday said the government was making sincere efforts regarding the Panama Papers investigation and the parliamentary committee constituted to frame terms of reference for the judicial commission, would meet on Wednesday. Talking to a private news […]

Mossack Fonseca, the law firm at the centre of the Panama Papers revelations, remains under investigation in the British Virgin Islands, the country’s financial regulator has confirmed. The BVI Financial Services Commission said on Tuesday it has asked the law firm to appoint a “qualified person” to oversee its operations and submit reports on its […]

MOSCOW, May 23. /TASS/. Sberbank completed the internal inspection of “Panama papers” and did not find any suspicious transactions, Chief Executive Officer of the Russian bank Herman Gref said on Monday. “We completed an investigation. Not a single transaction occurred during the period when we held Troika [investment company – TASS]. Whatever archives will be […]

The leak of confidential documents from the Panamanian law firm Mossack Fonseca—the biggest dump of confidential documents in recorded history—has had a string of stunning results. Within hours of the newsbreak, the Prime Minister of Iceland resigned, after the leaked files showed that his wife owned an offshore firm with claims on the country’s banks. […]

A lot has been said over the past three months about the Panama affair. The situation can be confusing. Kurt Sansone picks out salient statements made by Konrad Mizzi and Keith Schembri and contrasts them with the evidence that emerges from Panama Papers. Keith Schembri on directorships February 28: “…all my companies are being managed […]

First, after the Wikileaks, the Panama papers are yet another expression of a new radical transparency movement that aims to expose occult financial, political and economic operations, including the hidden wealth of a politicians, business people, movie stars, sports and other celebrities. The message of the Panama Papers and the subsequent debate caused by them […]

Further to our earlier report whereby CySEC ordered all regulated CIF firms to investigate any links to Mossack Fonseca, a Directive has been issued by Cyprus’ anti money laundering unit MOKAS, clarifying Regulated Entities’ reporting obligations in relation to the publicly available list of persons which are included into the documents of Mossack Fonseca, referred to commonly as the […]