March 2019

Sir, – Last Tuesday, the European Parliament agreed a set of recommendations on how to deal with the large-scale tax avoidance uncovered by the Paradise Papers, released in November 2017. One of these recommendations, passed by a massive majority of 505 to 63, was that Ireland along with the Netherlands, Malta, Cyprus and Luxembourg should […]

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Sir, – Last Tuesday, the European Parliament agreed a set of recommendations on how to deal with the large-scale tax avoidance uncovered by the Paradise Papers, released in November 2017. One of these recommendations, passed by a massive majority of 505 to 63, was that Ireland along with the Netherlands, Malta, Cyprus and Luxembourg should […]

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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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This article was written for Members of The Local. Read more Membership Exclusives here. What are the allegations? Around 40 billion kronor ($4.3 billion) has been transferred through Swedbank by customers who may be involved in money laundering, according to Swedish broadcaster SVT. The broadcaster asserted that 50 customers who exhibited “clear warning signals” of money […]

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One of the enduring myths espoused by veteran reporters is that investigative journalism is dead. I think I heard it first in 1987 when I joined the Sunday Times, the newspaper generally considered to have pioneered agenda-setting investigations. Several of my new colleagues were convinced, despite ample evidence to the contrary, that the paper was […]

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Populist strongmen use the same disinformation tactics wherever they are in the world. And so it was last week with US President Donald Trump’s reaction to Attorney General William Barr’s summary of special counsel Robert Mueller’s report. Trump’s reaction followed the same playbook as Malta Prime Minister Joseph Muscat’s reaction to Attorney General Peter Grech’s […]

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Chief financial officer Anders Karlsson has been appointed acting president and chief executive, while the search for Bonnesen’s permanent replacement gets underway. Idermark apologized for the bank’s approach, telling shareholders he “deeply regrets” the developments. Swedish authorities have raided the headquarters of the Swedbank associated with money laundering. The decision came a day after Sweden’s […]

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San Francisco-based DocuSign has invested $15 million in Seal Software, a contract discovery and analysis startup, to help with the development of artificial intelligence (AI) that can read and analyze contracts, according to reports. The two companies have a previously existing partnership in which Seal’s technology is distributed through DocuSign’s platform extension program. “We are […]

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