“EU governments such as Germany have been standing against the rising tide of financial transparency,” Carl Dolan, who heads Transparency International’s EU office, said in a statement.
Dolan says EU capitals have yet to sign up to two European Commission proposals aimed at shedding light on money laundering, tax evasion and avoidance.
The latest cache of documents, also known as the Paradise Papers, was sifted through by hundreds of journalists and exposed links between offshore tax havens and more than 120 politicians and world leaders.
Doing business in offshore jurisdictions, many of which are British oversea territories, is not illegal. But the latest leak revealed how the Bermuda-based global offshore law firm Appleby bends or ignores the rules for clients suspected of corruption.
It follows a separate leak in April last year called Panama Papers that exposed the details of some 200,000 offshore entities, many of them tied to drug crime and criminal
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