April 2018

Tomorrow MPs have an historic opportunity to really bear down on the corruption, money laundering, tax avoidance and evasion that pollutes too much of modern Britain. A strong cross-party alliance of influential backbench MPs is putting forward an amendment to a money-laundering bill that would make our UK overseas territories — notorious tax havens such […]

by

The European Parliamant has voted to adopt tighter regulations for the art market in an effort to combat money laundering. The proposal, known as the “Fifth Anti-Money Laundering Directive,” was implemented in Brussels on April 19, reports Anna Brady in The Art Newspaper. The new rules aim to bring “more transparency to improve the fight against […]

by

An estimated 6,000 people turned up at Castille Square to protest against government corruption and to demand justice for assassinated journalist Daphne Caruana Galizia.  Protestors are carrying Maltese flags, as well as placards with the names of the three notorious Panama companies exposed in the Panama Papers.  The protest, organised by activist groups Occupy Justice and Awturi, […]

by

Tomorrow MPs have an historic opportunity to really bear down on the corruption, money laundering, tax avoidance and evasion that pollutes too much of modern Britain. A strong cross-party alliance of influential backbench MPs is putting forward an amendment to a money-laundering bill that would make our UK overseas territories — notorious tax havens such […]

by

Image caption Four apartments in 199 Knightsbridge have been linked to the gang A Ukrainian crime gang used offshore firms in British tax havens to secretly invest millions of pounds in the UK, a BBC Panorama investigation has found. The gangsters, and in some cases family members, bought luxurious property in… read more at: http://www.bbc.com/news/uk-43823962

by

Amid Bangladesh’s rapidly expanding foreign trade, trade-based money laundering has become a major concern for the banking industry, a recent survey by the Bangladesh Institute of Bank Management has found. This includes over- and under-invoicing of goods and services and mis-declaration of goods. The survey also said that money laundering is being facilitated by collusion […]

by

An estimated 6,000 people turned up at Castille Square to protest against government corruption and to demand justice for assassinated journalist Daphne Caruana Galizia.  Protestors are carrying Maltese flags, as well as placards with the names of the three notorious Panama companies exposed in the Panama Papers.  The protest, organised by activist groups Occupy Justice and Awturi, […]

by

Panama Papers disclosures have generated an extra €140 million in tax revenues for Germany, according to research by three media outlets. And that’s with many hundreds of other evasion cases still unresolved. The Munich-based daily Süddeutsche Zeitung (SZ) and public broadcasters NDR and WDR reported Thursday that the haul of €140 million ($171 million) in fines and […]

by

A daily roundup of corruption news from across the Web. We also provide a daily roundup of important risk compliance stories via our daily newsletter, The Morning Risk Report, which readers can sign up for here. Follow us on Twitter at @WSJRisk. Bribery: FIFA banned for life Brazil’s soccer chief following a corruption investigation, but his […]

by

Malta’s cabinet has approved three bills to regulate cryptocurrency and blockchain industries within the country, including ICOs (Initial Coin Offerings). ICOs are regarded by some as an innovative, efficient, disruptive and democratic means of funding start ups. Critics like former Wall Street risk analyst and Bitcoiner Tone Vays, however, have stated that ICOs deregulate venture […]

by

CARACAS, Venezuela (AP) Spanish authorities acknowledged on Wednesday that a married couple with links to Venezuela’s late President Hugo Chavez has been arrested in a case of suspected corruption in their home country. Officials in Madrid said they detained the pair at Venezuela’s request. The two are Claudia Diaz, a one-time nurse of Chavez who […]

by