October 2016

Corruption revealed weakens those who stand exposed, which is why the Panama Papers have seen leaders either defend themselves against the revelations made or resign from office. Corruption is a cancer that eats away at the very fabric of society, killing people’s initiative and sense of purpose while pushing forward mediocrity, dishonesty and demise of […]

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Key Points Panama is one of several hotspots for illicit offshore finance and other types of money laundering, with London and New York also serving as hubs for illegal financial activity. Alternatives to ‘traditional’ money laundering include trade-based money laundering, cash smuggling, contraband, real-estate purchases, cryptocurrencies, digital currency exchangers, and online gaming. Illicit offshore finance […]

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An influential Democratic senator has demanded answers from the IRS about what it has done since the Panama Papers were published last spring to combat tax fraud committed through anonymous shell companies. Oregon’s Ron Wyden is the top Democrat on the Senate Finance Committee and could become its chairman if Democrats regain control of the […]

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Key Points Panama is one of several hotspots for illicit offshore finance and other types of money laundering, with London and New York also serving as hubs for illegal financial activity. Alternatives to ‘traditional’ money laundering include trade-based money laundering, cash smuggling, contraband, real-estate purchases, cryptocurrencies, digital currency exchangers, and online gaming. Illicit offshore finance […]

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On the final day of her maiden two-day visit to Pakistan, the IMF Managing Director in her concluding press conference alongside Finance Minister Ishaq Dar said accountability and transparency was the right course forward for the country. (Reuters) Papers and Bahama Leaks are a matter of honesty, transparency and accountability, IMF chief Christine Lagarde said […]

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By Mehreen Zahra-Malik ISLAMABAD (Reuters) – Pakistan’s government on Monday vowed to block protests in Islamabad if opposition leader Imran Khan pushes ahead with plans to shut down the government and transport in the capital from Nov. 2. The threatened protest has prompted worries of a repeat of a crippling occupation of Islamabad that Khan […]

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Financial institutions process a lot of transactions day-to-day, transferring funds involving two or more parties. Sure, they prepare proper documentation for each transfer, but not all transfers are legal. These suspicious transactions can be part of money laundering activity. One can use an entirely hypothetical example to explain this elaborately. Suppose the CEO of a […]

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By Mehreen Zahra-Malik ISLAMABAD, Oct 24 (Reuters) – Pakistan’s government on Monday vowed to block protests in Islamabad if opposition leader Imran Khan pushes ahead with plans to shut down the government and transport in the capital from Nov. 2. The threatened protest has prompted worries of a repeat of a crippling occupation of Islamabad […]

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Panama Papers and Bahama Leaks are a matter of honesty, transparency and accountability, IMF chief Christine Lagarde said on Tuesday, amidst demand for the resignation of Pakistan Prime Minister Nawaz Sharif on corruption charges. On the final day of her maiden two-day visit to Pakistan, the IMF Managing Director in her concluding press conference alongside […]

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In a week that saw Italian channel RAI 3’s Report once again putting the focus on Malta’s role in the Panama Papers scandal as the country gets ready to take on the EU presidency, critical… read more at: http://www.maltatoday.com.mt/comment/editorial/70922/panama_papers_more_than_just_offshore

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