May 2018

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 […]

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 tax arrears was made in some of Germany’s 16 states. Revenue authorities in the most populous state, North Rhine-Westphalia (NRW), gleaned €100 million in fines from banks and financial institutes for complicity […]

Every day, journalists around the world risk their credibility, careers, freedom and even their lives in pursuit of the truth. Through the challenges, these journalists remain on the frontlines undeterred by the unsafe environments and powerful people who seek to silence them. Each year, to recognize their sacrifices and contributions — and to spotlight their […]

THE Panama Papers, the world’s biggest leak, highlighted the complex ways used by companies and individuals to conceal who the actual beneficiaries of a company are. The information was leaked from the database of the fourth biggest offshore law firm, Mossack Fonseca. Someone from the firm is alleged to have leaked 11.5 million financial and […]

Eriks Selga April 28, 2017 Bank of Latvia (Source: Ave Maria Mõistlik/WikiMedia Commons) The recently exposed “Russian Laundromat” scandal alerted the world to a $20 billion money laundering scheme that bankrupted three of Moldova’s largest banks, forcing the country to apply for—and eventually receive—an IMF bailout. Half of the laundered money travelled through a Latvian […]

The EU today removed the Caribbean nations of the Bahamas and Saint Kitts and Nevis from a black list of tax havens, bringing the number of jurisdictions to seven. The nations were struck from the list after providing good conduct commitments to EU authorities and will now move to the so-called grey list — a […]

SHARE José Luis Merino is one of the most powerful figures in El Salvador’s governing political party and played a key role in the founding of ALBA Petróleos, a subsidiary of Venezuela’s state-owned oil company, Petróleos de Venezuela S.A., whose business network has made many Salvadoran elites wealthy but also has ties to corruption and other crimes.   Petróleos de Venezuela […]

Eriks Selga April 28, 2017 Bank of Latvia (Source: Ave Maria Mõistlik/WikiMedia Commons) The recently exposed “Russian Laundromat” scandal alerted the world to a $20 billion money laundering scheme that bankrupted three of Moldova’s largest banks, forcing the country to apply for—and eventually receive—an IMF bailout. Half of the laundered money travelled through a Latvian […]

An investigation launched into the wealth of prosecutor Ornela Rrumbullaku, who is responsible for some of the Durrës Prosecution Office’s most important cases, revealed a possibly massive money laundering scheme. At the center of this scheme, according to data acquired by Lajme.al, is the prosecutor’s husband, businessman Alban Mësonjësi. It seems he has been responsible […]

Fergus Shiel Czech journalist Pavla Holcova was recently summoned by Slovakian police investigating the murder of her friend and fellow journalist Jan Kuciak. Holcova tells the International Consortium of Investigative Journalists (ICIJ) that after making the four-hour trip in a police car from Prague to Bratislava, her meeting with investigators turned into an unexpected ordeal. […]

Government, opposition laud parliament for coming together Opposition to KP-Fata merger KP-Fata merger Passing the bill in KP Assembly The National Assembly on Thursday passed a constitutional amendment seeking the much-awaited merger of the Federally Administered Tribal Areas (Fata) with Khyber Pakhtunkhwa (KP) with a 229-1 vote in favour. Lawmakers from the Jamiat Ulema-e-Islam-Fazal (JUI-F) […]

Transparency International Malaysia says the requirement for disclosure of beneficial ownership can help stop the proceeds of corruption from being laundered through investments in high-value property in Malaysia. Akhbar says that such a registry would ensure corrupt officials and politicians would be unable to award themselves, through their families or cronies, any government contracts. (Bernama […]