January 2018

The Australian newspaper Sydney Morning Herald (SMH) on January 27 said a transaction surrounding the purchase of a property in Australia by a public fund from Malaysia has led up to Australian dollar 18.3 million that went into the pockets of conspirators, corrupt officials from Malaysia. The scandal centres around the vastly inflated valuation of a […]

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Panama Papers scandal: Tax amnesties bring huge windfalls after inter-country info sharing pact Special report KARACHI: Equipped with international tools for transparency, an increasing number of countries have launched or are weighing bringing in innovative tax amnesty schemes to net dodgers, repatriate assets from tax havens and build and document their economies, a Jang-The News […]

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The equivalent of approximately 10 percent of the world’s GDP is stashed in tax havens across the globe, comprising bank deposits or financial assets like stocks, bonds and equities. Some of this wealth is declared to the authorities, but the majority escapes taxation altogether, hiding behind shell corporations and the like. In November, the release […]

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The 41-year-old newly elected prime minister of Iceland is a former writer and teacher, has three children and likes quoting the philosopher John Stuart Mill. At the end of last year, Katrin Jakobsdottir became the second woman in the history of Iceland to lead her country’s government. As head of the Left Green party, she’s […]

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The equivalent of approximately 10 percent of the world’s GDP is stashed in tax havens across the globe, comprising bank deposits or financial assets like stocks, bonds and equities. Some of this wealth is declared to the authorities, but the majority escapes taxation altogether, hiding behind shell corporations and the like. In November, the release […]

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At the end of January, on orders from Congress, the U.S. Treasury will publish a list of Russian President Vladimir Putin’s “close associates”—from oligarchs to leading officials. There won’t be any sanctions attached to this list—for now. But eventually, the people on the list will likely join dozens of top Putin lieutenants already banned from […]

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US justice department accuses Dan Gertler of bribing top officials to secure mining rights Juliette Garside Sun 28 Jan 2018 07.30 EST Last modified on Sun 28 Jan 2018 07.47 EST Dan Gertler, left, visiting a copper and cobalt mine in DRC in 2012. Photograph: Bloomberg/Bloomberg via Getty Images A billionaire businessman who featured in the Paradise […]

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Revelations of tax-evasion and money-laundering networks on a global scale in the Panama Papers helped make the world appear more corrupt last year, according to watchdog Transparency International. There were more falling scores than rising ones on its 2016 Corruption Perceptions Index, published on Wednesday. A lower score means a country is seen as more […]

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Binary options fraud is tied to transnational organized crime, a former senior FBI official told The Times of Israel, and some of the money stolen from victims may be funding even “darker” criminal actors such as kleptocratic regimes, human traffickers, arms traffickers and terrorists. Speaking from his office in Washington, DC, Joseph Campbell, aformer assistant director of […]

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ISLAMABAD – The National Accountability Bureau has decided to file a supplementary reference against the Sharif family in the Flagship Investment corruption reference next week, The Nation has learnt. The NAB investigation team returned to Islamabad on Saturday evening after ‘collecting verified data’ of around 10 companies of the Sharif family in the UK in […]

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