Report Slams European Failure to Tackle Money Laundering Despite Panama Papers

The Panama Papers affair was the result of painstaking work by International Consortium of Investigative Journalists, who released more than 11.5 million financial and legal records exposing a system that enables crime, corruption and wrongdoing, hidden by secretive offshore companies.

​Despite the leaks and the outrage that follows, a new report from Transparency International has found that — notwithstanding a lot of political rhetoric — the current EU anti-money laundering regime does not prevent corrupt money from flowing through Europe’s financial centers.

An activist takes part in a demonstration outside the European Commission (EC) headquarters ahead of statements by the EC on the effectiveness of existing measures against tax evasion and money-laundering in light of the recent Panama Paper revelations, in Brussels, Belgium, April 12, 2016.... read more at: https://sputniknews.com/europe/201704251052985082-transparency-panama-papers-corruption/

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