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GENEVA (AP) — Switzerland’s market regulator said Thursday it has banned the Swiss affiliate of Russia’s Gazprombank from taking new private clients over money laundering concerns over a 10-year period that emerged from the Panama Papers leak. The move marks the first and only time that Swiss markets authority, FINMA, identified or penalized any company […]

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Politicians, especially those holding a public office, are supposed to serve their country and their people. But many politicians use their political power for illegitimate private gains – at the expense of taxpayers, of course. According to a list of ten most corrupt prime ministers compiled by Fox News Point, former Pakistani prime minister Nawaz […]

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A number of MEPs have called on the Commission Vice-President to propose anti-SLAPP legislation by making it easier to dismiss vexatious lawsuits – and setting up a fund to cover the costs of these attempts Strategic Lawsuit Against Public Participation (SLAPP) is considered to be a way to silence critical journalism. “The cross-border nature of investigative journalism […]

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Corruption references against Sharif family: Two foreign witnesses to record statements today ISLAMABAD: Arrangements have been finalized to record statements of two foreign witnesses in connection with corruption references against Sharif family. The two witnesses Robert W Radley, principal of Radley Forensic Document Laboratory, and Akhtar Raja, owner of Quist Solicitors were approached by the […]

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Secondly, offshore global finance aids and abets in the investment of earnings from serious criminal activities and thus, offer incentives for the global spread of such activities. And lastly, tax havens, as the authors starkly observe, “have been used by the rich and the powerful to benefit themselves at the expense of the poor and […]

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Eighteen Bangladeshis have been named in the leaked documents known as Paradise Papers, but the government has not taken any action yet, though in Pakistan, Nawaz Sharif had to resign as prime minister facing similar revelations. Now, a minister and a number of MPs in Bangladesh are demanding actions against 18 Bangladeshis, including controversial business […]

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“The only thing government did was very carefully remove all references in the Chinese language from websites and from social media,” said China-based lawyer Steve Dickinson.   Although offshore companies can be used for legitimate business purposes, they can also be used to obscure illicit financial transactions. “I personally think that the people who run China […]

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Pakistan’s Interior Ministry rejected on Tuesday last week’s request by anti-corruption authorities to impose a travel ban on former Prime Minister Nawaz Sharif and his family members. Nawaz Sharif (Photo: Prerna goyal, CC-BY-SA-4.0)The National Accountability Bureau, NAB, requested the measure to be taken against the ousted premier, his daughter and his son-in-law because their trial is about to end […]

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That, roughly, is what is currently happening in Latvia. Ilmars Rimsevics, the governor of the Baltic state’s central bank, was arrested at the weekend on suspicion of demanding and receiving bribes worth more than €100,000. Mr Rimsevics, who has held the post since 2001 and who also sits on the governing council of the European […]

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Cape Town – South Africa will continue to play a leading role in international efforts to stem the tide of various forms of tax avoidance, President Cyril Ramaphosa says.   Ramaphosa reiterated his commitment to fighting corruption when he replied to the debate on his State of the Nation Address (SONA) on Tuesday. Corruption and […]

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