#Paradise Papers: New revelations pile pressure on EU #anti-money laundering negotiations

Today’s leak from the International Consortium of Investigative Journalists (ICIJ) piles huge pressure on the EU to finally crack down on corporate secrecy, corruption and money laundering ahead of crucial negotiations in Brussels next week, said Global Witness.

The leak comes from Appleby, a major offshore law firm based in Bermuda. Over half of its offices are based in EU tax havens. The fresh leaks underline how little the EU has done to tackle offshore secrecy since the Panama Papers scandal first revealed the damage it does 18 months ago.

“The EU has so far failed to respond to the Panama Papers. These fresh leaks once again expose a damaging rogue system that enables crime, corruption and wrongdoing, hidden by secretive offshore companies and trusts. The EU must act now,” said Rachel Owens, Head of EU Advocacy for Global Witness.

“Anonymous companies and trusts are getaway cars that enable money laundering, corruption, terrorism, tax evasion and human trafficking –

... read more at: https://www.eureporter.co/economy/2017/11/05/new-revelations-pile-pressure-on-eu-anti-money-laundering-negotiations/