February 1, 2018

Switzerland’s market regulator said Thursday it has banned the Swiss affiliate of Russia’s Gazprombank from taking new private clients over money laundering concerns over a 10-year period that emerged from the Panama Papers leak. The move marks the first and only time that Swiss markets authority, FINMA, identified or penalized any company for wrongdoing after […]

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Our current political climate continues to highlight the dangers of international money-laundering and its close links to terrorist financing, human trafficking and corruption. Whilst comprehensive strategies have been deployed to tackle the issue, laundering through use of international trade has been notoriously hard to detect and investigate. The convoluted nature of the problem, combined with […]

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Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot emerging risks and opportunities with independent global reporting, expert commentary and analysis you can trust. … read more at: https://www.ft.com/content/c3911ac0-0766-11e8-9650-9c0ad2d7c5b5

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“Shining light into dark places” is the motto that an organisation called the Tax Justice Network (TJN) gives to its financial secrecy index. It ranks jurisdictions worldwide according to their levels of secrecy and the scale of their offshore financial activities. The shadiest countries are at the top of this chart and the more transparent, […]

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18:23, January 31, 2018 A wealthy Israeli businessman who was implicated in the Paradise Papers leak is being investigated by the Department of Justice for allegedly bribing high-ranking officials in the Democratic Republic of Congo, the Guardian reported Sunday. The revelation came after Swiss authorities confirmed that US prosecutors have requested information regarding billionaire diamond and mining mogul Dan […]

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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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BRUSSELS (AP) – The European Union is revamping its water quality rules to address possible new health hazards and limit plastic waste by discouraging people from drinking bottled water. The European Commission said Thursday the rules will oblige the bloc’s 28 countries to improve access to drinking water and better inform citizens about water quality, be […]

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Switzerland’s market regulator said Thursday it has banned the Swiss affiliate of Russia’s Gazprombank from taking new private clients over money laundering concerns over a 10-year period that emerged from the Panama Papers leak. The move marks the first and only time that Swiss markets authority, FINMA, identified or penalized any company for wrongdoing after […]

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A section of Tortola By Davion Smith, BVI News Journalist The British Virgin Islands has ranked number 16 on the 2018 Financial Secrecy Index. The Financial Secrecy Index ranks countries according to their secrecy and the magnitude of their nefarious offshore financial activities. United Kingdom-based financial advocacy group, Tax Justice Network (TJN) published the study […]

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