May 2019

Updated at 5.30pm with government reaction to report The Council of Europe has called on Malta to establish an independent public inquiry into the Daphne Caruana Galizia’s murder after noting “serious concerns” over the murder investigation. The parliamentary assembly of the Council of Europe on Wednesday approved a report compiled by Dutch MP Pieter Omtzigt […]

Shiva Gaunle, Nepal, is the editor of the Center for Investigative Journalism (CIJ). He is a well recognized senior investigative journalist in Nepal who has been exposing stories related to corruption, irregularities, and wrongdoings for more than 25 years, including investigations that exposed bribery in the judiciary of Nepal. This work created a national debate […]

“When the industry starts to move toward commoditization over the next decade,” says Henderson, “Colombia is the only place that makes sense.” An equatorial climate and low-cost, skilled labor give Colombia a clear advantage in agricultural trade. And that makes the nation a threat to North American companies like Canopy Growth (ticker: CGC), Tilray (TLRY) […]

One reason may be that it is fairly easy to form opaque shell companies in the United States. Americans “really don’t need to go to Panama,” James Henry, an economist and senior adviser to the Tax Justice Network, told Fusion. “Basically, we have an onshore haven industry in the U.S. that is as secretive as […]

Frankfurt — Police raided six Deutsche Bank offices in and around Frankfurt on Thursday over money-laundering allegations linked to the “Panama Papers”, the public prosecutor’s office in Germany’s financial capital said. Investigators are looking into the activities of two unnamed Deutsche Bank employees alleged to have helped clients set up offshore firms to launder money, the […]

NEW YORK (AP) — 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. […]

The UK government is consulting on expanding the requirements for trusts to be registered with HMRC, as part of a raft of measures to implement the latest EU Anti-Money Laundering law (known as 5MLD). The changes are likely to: a) significantly increase the number of trusts that need to be registered with HMRC; and b) […]

It’s been over two years since the leaked Panama Papers first put the spotlight on the shadowy world of tax havens and offshore companies. It had also embarrassed several world leaders, famous personalities and leading businessmen by leaking evidence of money stashed abroad and prompted investigations into suspected tax evasion in several countries, India included. […]

Image copyright AP A huge leak of documents from a Panamanian law firm, Mossack Fonseca, has thrown new light on how the rich and powerful hide their wealth. It has also brought renewed attention on Panama itself, one of the world’s best-known tax havens. But what makes Panama different from other low or no-tax jurisdictions […]

PHOTO: AFP FRANKFURT AM MAIN: Taxmen in 22 countries worldwide have raked in more than US$1.2 billion in fines and back taxes thanks to the 2016 “Panama Papers” leak of information about offshore dealings, media reported Wednesday. AFP map showing the 22 countries that have raked in more than $1.2 billion in fines and back taxes […]