May 2018

On 19 April 2018, the European Parliament adopted the proposal for the fifth Anti-money Laundering (AML) Directive, which will make a number of changes to the fourth AML Directive, implemented in Belgium by the Anti-money Laundering and Terrorist Financing Act and in effect since 16 October 2017. The revised directive forms part of the European […]

Pelin Ünker, Turkey, is an investigative journalist working at Cumhuriyet newspaper. She has worked on ICIJ’s Panama Papers and Paradise Papers investigations. Her work has included investigations on macroeconomic data on the state of the Turkish economy. She has also investigated corruption, tax avoidance and evasion, privatizations, public contracts and other subjects. Her work has […]

Sputnik has reached a member of Unit Press Communications in the European United Left/Nordic Green Left (GUE/NGL) European Parliamentary Group, Ben Leung, to find out more about the “Journalists, Whistleblowers and Defenders of the Right to Information” award. READ MORE: WikiLeaks Founder Assange Ready to Testify in Russia Probe — Close Associate Mr. Leung told Sputnik that it was “conceived by our Greek MEP, Stelios Kouloglou,” […]

David Demble, Mali, is editor-in-chief at Depeches du Mali/L’Investigateur. He has worked on ICIJ’s investigations Panama Papers, Swiss Leaks, Fatal Extraction, Offshore Leaks. Demble graduated from journalism school in Lille, France, and has worked as an investigative reporter in Mali with Depeches du Mali and L’Investigateur. He is a member of the Norbert Zongo Center […]

The rising scholar of taxation and inequality talks to ProMarket about the problems excessive economic power poses for open political systems, how states can tackle profit-shifting, and critics who have dismissed his work on distributional issues as “a French economics.”     Gabriel Zucman Straightforwardly normative critiques of capitalism are these days rather sparse among […]

Ousted premier Nawaz Sharif’s son-in-law retired Captain Muhammad Safdar, while recording his statement before the accountability court on Tuesday, said he was a signatory of the trust deeds of offshore companies Nielsen and Nescoll while his wife Maryam Nawaz was a trustee. Safdar was recording his testimony in the Avenfield reference under Section 342 of […]

THE CANADIAN PRESS/Nathan Denette Two of Canada’s largest financial institutions warn that data breaches may have leaked the banking information of thousands of customers. Simplii Financial said Monday a hack may have compromised the personal and account information of about 40,000 customers. The company issued a statement advising clients that it has “implemented additional online […]

Samuel Johnson, the famous English poet and moralist, once remarked that patriotism is the last refuge of a scoundrel. The saying couldn’t have been truer in the case of Pakistan. Intolerance toward anyone with dissenting views is very characteristic of this society. Anyone with a different opinion on religion or politics is called an apostate […]

Police Commissioner Lawrence Cutajar last year declared there was no reasonable suspicion to investigate the Prime Minister’s chief of staff Keith Schembri and Tourism Minister Konrad Mizzi. Jacob Borg looks at the potential money-laundering red flags in their once-secret offshore set ups, based on publicly available information. The Financial Action Task Force (FATF), a global […]

Police Commissioner Lawrence Cutajar last year declared there was no reasonable suspicion to investigate the Prime Minister’s chief of staff Keith Schembri and Tourism Minister Konrad Mizzi. Jacob Borg looks at the potential money-laundering red flags in their once-secret offshore set ups, based on publicly available information. The Financial Action Task Force (FATF), a global […]

The recent Malaysian elections that resulted in the downfall of a political party that has ruled the country for decades and the ouster of an allegedly corrupt leader have brought home an important lesson. But it is hardly likely that our leaders will learn from this significant turn of events. It is more likely they […]

Everyone has heard of money laundering. It features prominently in TV shows like “Breaking Bad” and “Narcos” and just about every Mafia movie since the 1980’s. Despite this, few people know how money laundering works. A perfect example comes from the cinematic classic “Office Space”, where after executing a skimming scheme that is years ahead of its […]

ISLAMABAD – A day after former premier Nawaz Sharif served a legal notice on National Accountability Bureau chief for accusing him of laundering $4.9 billion to India, the anti-graft body on Friday started an investigation into the case, The Nation has learnt. The national anti-graft watchdog has assigned the task to an assistant director of NAB […]