January 2018

Foreign companies which own or buy property in the UK will have to disclose their ultimate owners in new rules that attempt to combat money-laundering. Business Minister Greg Clark announced that a public register will be introduced by early 2021 after the government came under pressure to increase transparency and prevent corruption. Corrupt foreign ownership […]

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Offshore account packages being offered up like vacation packages Screenshot via international-formations.com Tax avoidance schemes are being offered up to the wealthy like holiday packages. The number of companies offering these packages appears to have risen, and the trend was noticed within last year’s Paradise Papers. These packages allow third-party companies to profit … read […]

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Panama Papers: NAB team directed to expedite inquiry into 435 offshore companies ISLAMABAD: The Chairman of the National Accountability Bureau (NAB), Justice (retd) Javed Iqbal, while reviewing the preliminary inquiry report of 435 offshore companies owned by 435 Pakistanis in Panama and British Virgin Islands, directed to expedite the process of getting information and record […]

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Offshore account packages being offered up like vacation packages Screenshot via international-formations.com Tax avoidance schemes are being offered up to the wealthy like holiday packages. The number of companies offering these packages appears to have risen, and the trend was noticed within last year’s Paradise Papers. These packages allow third-party companies to profit … read […]

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Hugh Tomlinson QC has been hired by the law firm suing the BBC and Guardian Appleby is seeking an injunction to stop anyone from publishing further details By Katherine Rushton For The Daily Mail Published: 20:28 EST, 17 January 2018 | Updated: 20:28 EST, 17 January 2018 … read more at: http://www.dailymail.co.uk/news/article-5282067/Hacked-chief-hired-Paradise-Papers-law-firm.html

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When news of the settlement of the Keppel bribery scandal in Brazil first broke just before Christmas, I received a few messages, including from some well-known Singaporeans, expressing indignation that the United States government had been involved in the investigations of Keppel Offshore and Marine (OM), the ship-and rig-building arm of the parent Keppel Corp. […]

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The Paradise Papers, and the Panama Papers before, have laid bare the financial secrecy that permits large-scale proceeds of corruption, tax avoidance, and criminal activity to be laundered, shifted around the globe, and stored out of view from authorities. The Azerbaijani Laundromat, a scheme exposed in September 2017 involving UK-registered shell companies, shined more light […]

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Mark Konza, deputy commissioner at the Australian Taxation Office (ATO), told newspaper The Guardian: “These [leaks] send a clear message to those people who are involved with these types of service providers: if you’re getting involved in any arrangement that relies on secrecy then you can’t rely on secrecy. “What we’re seeing [increasingly] is there are […]

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MEPs David Casa (EPP), Ana Gomes (SD), Monica Macovei (ECR), Maite Pagazaurtundúa (ALDE) Stelios Kouloglou (GUE) and Benedek Jávor (Greens) have joined forces to push for EU legislation that will address and end “SLAPPs” – lawsuits intended to intimidate and silence investigative journalists and independent media by burdening them with exorbitant legal expenses until they […]

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