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Bitfinex’s Giancarlo Devasini and Philip Potter has been named in the Paradise Papers – an enormous data leak identifying over 120,000 companies and individuals who have employed the services of offshore service providers operating in ‘tax havens’. The leaked documents contain evidence that Giancarlo Devasini and Philip Potter established Tether in the British Virgin Islands […]

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ISLAMABAD: The Supreme Court has issued notices to the federal government and National Accountability Bureau on petition against all the Pakistanis whose names are mentioned in the Panama Papers. A two-member bench headed by Justice Ejaz Afzal heard petitions on Thursday against 436 Pakistanis mentioned in the Panama Papers. While presenting his argument, Advocate Tariq […]

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Transnational organised crime generates income equivalent to around 2.7pc of global GDP. Around $1.6 trillion of this is laundered to disguise its criminal origins: financial crime is undoubtedly a worldwide problem.  As a major financial and transport hub, the UK is particularly attractive to people wanting to clean or hide dirty money.  The anti-corruption organisation […]

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In the three weeks since the unveiling of the Paradise Papers, the government has clung to familiar arguments. These arguments have not been to do with the Panama Papers – the forerunner investigation into tax havens and offshore empires that the Guardian published last year. Instead, the echoes have come from another remarkable, though unrelated, […]

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The Ministry of Finance issued a press release[1], dated November 6, 2017, wherein it stated that the investigations in the cases of ‘Paradise Papers’ would be monitored through a reconstituted Multi Agency Group (hereinafter referred to as ‘MAG’). Further, Sushil Chandra, the head of the probe panel and CBDT Chairman, on November 14, 2017, said […]

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Britain’s Queen Elizabeth II is worth an estimated $472 million and costs each taxpayer about 65 pence ($0.85).(Photo: Alastair Grant / AP) London — Leaked documents linking Queen Elizabeth II to offshore investments in tax havens have shined a spotlight on her considerable fortune. Here are five things to know about the queen’s finances. ■Just […]

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Image caption The Isle of Man newspaper encouraged readers “to fight back” after the Paradise Papers The Isle of Man “will continue to flourish” despite an “orchestrated attack from the international media” after the Paradise Papers revelations. Politicians defended the island after a leak of financial documents this… read more at: http://www.bbc.com/news/world-europe-isle-of-man-42055822

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A sign reading “Macri corrupto” pasted on the fence of the Government Palace in Buenos Aires during a demonstration against Argentine President Mauricio Macri in 2016, after a prosecutor opened an investigation on his offshore financial dealings leaked in the Panama Papers. – Juan Mabromata/AFP/Getty Images Thanks to a series of data links, we’ve gotten a pretty […]

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In his campaign and administration, Trump surrounded himself with people who were connected to the Panama Papers data. Trump’s son-in-law, Jared Kushner, received financing from the Steinmetz family, who used multiple Mossfon companies and HSBC bank accounts. Kushner also did a $295 million real estate deal with Lev Leviev, an Israeli oligarch known as the […]

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The family of murdered Maltese journalist Daphne Caruana Galizia who was killed in a car bomb last month has taken legal action against the police, alleging the investigation is neither impartial nor independent. Caruana Galizia had done considerable work on exposing corruption in Malta and more recently uncovering the failings of the country’s anti-money laundering […]

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Some European Union member states are resisting plans to raise the tax bill of technology companies, draft documents show. EU finance ministers are expected to discuss a digital tax on technology giants when they meet on December 6 following pressure from large states that accuse companies such as Amazon, Google, Apple and Facebook of slashing […]

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The Ministry of Finance issued a press release[1], dated November 6, 2017, wherein it stated that the investigations in the cases of ‘Paradise Papers’ would be monitored through a reconstituted Multi Agency Group (hereinafter referred to as ‘MAG’). Further, Sushil Chandra, the head of the probe panel and CBDT Chairman, on November 14, 2017, said […]

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The newly released “Paradise Papers” investigation reveals how the wealthy, including over 120 top political and world leaders, hide their massive riches offshore. The previously released “Panama Papers” similarly exposed how the world’s biggest corporations avoid paying their own billions in taxes, as well.  By John Friend After a year of research, a group of […]

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The death of Daphne Caruana Galizia, assassinated at the age of 53 with a car bomb, is a profound loss to investigative journalism, democracy, free speech and the honest citizens of Malta. Relieved by it will be those responsible for organised crime, corrupt politicians and shady police officers in the Mediterranean island republic. Caruana Galizia, […]

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