August 2016

A Panamanian Sloth Image: Flickr / marthaenpiet The recent moves by the Panamanian government to clean up its image in the wake of the Panama Papers scandal may eventually lead to a more transparency and accountable financial sector.   But only if the pressure is kept on the Panamanian government. President of Panama Juan Carlos VarelaImage: […]

by

Executives are worried about whether their companies are doing enough to protect themselves against financial crimes such as money laundering and fraud in the wake of the release of the Panama Papers. In April, the International Consortium of Investigative Journalists began releasing a series of reports based on papers leaked from a Panamanian law firm […]

by

Corporate executives expect the Panama Papers disclosures to produce stepped-up enforcement of regulations against corruption including money-laundering. But many lack confidence in their companies’ ability to prevent financial crimes. A Deloitte Advisory poll found that nearly 9 percent of the executives surveyed had little faith in their organizations’ ability to mitigate financial crimes. … read […]

by

A Panamanian Sloth Image: Flickr / marthaenpiet The recent moves by the Panamanian government to clean up its image in the wake of the Panama Papers scandal may eventually lead to a more transparency and accountable financial sector.   But only if the pressure is kept on the Panamanian government. President of Panama Juan Carlos VarelaImage: […]

by

Panama City, Panama (Q24N) he Government of Panama rejected today the remarks of the Department of Financial Services of New York (NYDES), of the United States, as a high-risk jurisdiction for money laundering. The Minister of Economy and Finances Dulcidio De la Guardia told reporters he received an official communique of the U.S. Treasury Department […]

by

Riaz, the 12th richest man in Pakistan, helms the largest private realty firm in the country, Bahria Town. When a Pakistani chief of army staff (COAS) usurps power from a civilian government, he justifies his action by claiming — among other things — that the civilians lack integrity. Pervez Musharraf was no exception. In 1999, […]

by

ISLAMABAD: After the unresolved deadlock between the federal government and opposition over compilation of Terms of References (ToRs) for inquiring alleged tax evasion and illegal money transfers, Jamat-e-Islami (JI) has approached the top court for taking cognizance related to Panama Leaks. Emir JI Sirajul Haq on Wednesday moved a constitutional petition in Supreme Court of […]

by

TAIPEI: Taiwan moved Thursday (Aug 25) to toughen its anti-money laundering law after US authorities fined a local bank linked to the so-called Panama Papers scandal. Last week, American regulators fined Taiwan’s Mega International Commercial Bank US$180 million for showing “flagrant disregard” for anti-money laundering laws, saying they had identified “suspicious transactions” between the bank’s New […]

by

ISLAMABAD: After the unresolved deadlock between the federal government and opposition over compilation of Terms of References (ToRs) for inquiring alleged tax evasion and illegal money transfers, Jamat-e-Islami (JI) has approached the top court for taking cognizance related to Panama Leaks. Emir JI Sirajul Haq on Wednesday moved a constitutional petition in Supreme Court of […]

by

The Minister of Economy and Finances Dulcidio De la Guardia told reporters he received an official communique of the U.S. Treasury Department or the State of New York, rejecting the remark. In a document revealing a sanction of 180 million dollars to Taiwan’s Mega International Commercial Bank, for not complying with U.S. norms regarding capital […]

by

SYDNEY: For years, the biggest nations have tried to outsmart tax dodgers and reclaim trillions of dollars stashed in off-shore accounts. Many of them are tired of waiting and now just want to make peace and bring some of the money back home. From Indonesia to Turkey and India to Argentina, several of the world’s […]

by