January 2019

Federal authorities announced a raft of conspiracy and tax fraud charges Tuesday against four men in the first U.S. prosecution related to the so-called Panama Papers. The 11-count indictment unsealed in Manhattan stems from what prosecutors described as an “intercontinental money laundering scheme” involving a global law firm based in Panama. Two Germans, one American […]

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In recent years, Venezuela has become a favorite talking point for socialism’s detractors, who typically invoke the nation when they find themselves without a more substantive defense of their views. “But what about Venezuela?” they ask in comment sections everywhere. The question is rhetorical. Venezuela is just their trump card — present-day proof of the […]

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A lot of attention has been paid to Malta’s tumble down the Corruption Perceptions Index (CPI) published two days ago by Transparency International. Malta has fallen by six points over the last three years. Together with Hungary, Malta has registered the sharpest decline. Even so, those two observations don’t give the full underlying story. Malta’s […]

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In the quickly developing world of voice-controlled artificial intelligence, the car is shaping up to be the newest battleground. It is territory that it makes sense to fight for, as more than 95 percent of all vehicle journeys are made with intent. The AI system that can understand that intent suddenly has a lot of monetizable […]

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Stripe, the San Francisco digital payments startup, has landed a $100 million investment from Tiger Global Management, boosting its valuation above $20 billion. According to a report in CNBC, citing The Information, with the $100 million investment by Tiger Global Management, Stripe now has a valuation of $22.5 billion. It comes on the heels of […]

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A legal bid by PN MP Simon Busuttil and PN MEP David Casa to initiate an inquiry into Minister Konrad Mizzi and OPM chief of staff Keith Schembri was denied by the courts on Tuesday. Magistrate Francesco Depasquale said: “Contrary to what the two applicants seem to think, there is no ‘legal and judicial limbo’ […]

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US prosecutors have charged four people with ties to the law firm at the centre of the massive leak of offshore financial data known as the “Panama Papers”. The four are charged with taking part in a decades-long scheme to evade US taxes. Three of the four people have already been arrested, the US Department of Justice […]

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Duke University made headlines in November 2017 for holding shares in Ferrous Resources, a company with plans to build a controversial pipeline. For the past six months, reporters at The Chronicle have been working to understand the rest of the story. What was the value of those investments? Was the University aware that the mining […]

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When the Paradise Papers made headlines in 2017, the confidential documents revealed Duke’s investments in Ferrous Resources—a company whose plans to build a controversial pipeline sparked years of protests in Brazil. A new investigation by The Chronicle found the specific amount of those holdings: between 2008 and 2015, Duke invested a total of $10.3 million […]

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FRANKFURT (Reuters) – Deutsche Bank said on Wednesday it had received requests for information from regulators and law enforcement agencies around the world that are investigating a money laundering scheme involving Danske Bank . The statement came in response to a Bloomberg report that said the U.S. Federal Reserve was investigating Deutsche Bank’s role in […]

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China has launched the second round of its international manhunt Operation Skynet, with the multiagency effort continuing to target offshore companies, underground banks and fugitive corrupt officials. “Skynet 2016” is an extension of the Skynet operation launched in March last year, and which brought together various government departments in an international quest to recover fleeing […]

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Issued by Transparency International Secretariat Just over two years since the Panama Papers revealed widespread use of anonymous shell companies to facilitate corruption and financial crime, governments in the world’s largest economies are still moving too slowly to ensure that citizens and law enforcement can find out who really owns companies operating within their borders. […]

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