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YEREVAN, MARCH 22, ARMENPRESS. Former Armenian lawmaker and former Chief Compulsory Officer of Judicial Acts (chief bailiff) Mihran Poghosyan has been summoned to appear at a questioning by the Special Investigative Service (SIS) amid an ongoing investigation regarding his involvement in offshore companies in Panama, SIS spokesperson Marina Ohanjanyan told ARMENPRESS. Ohanjanyan said Poghosyan has […]

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Police stand watch Tuesday as protesters gather outside the Parliament building in Reykjavik, Iceland. The prime minister resigned after he was named in the Panama Papers as having set up secret offshore accounts through a shell company that was seeking money from failed Icelandic banks that received government bailout funds. Spencer Platt/Getty Images

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The United Arab Emirates (UAE) yesterday condemned its inclusion in a European Union (EU) tax haven blacklist, official WAM reported. The Arab world’s second-largest economy was one of 15 countries to be added to the list, despite the UAE’s efforts to meet EU requirements. “This inclusion was made despite the UAE’s close cooperation with the EU on […]

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Regional analysis by Jessica Ebrard, Transparency International It is not always bad to have headlines about corruption. From the Panama Papers in April to the record US$3.5 billion Odebrecht settlement in Brazil in December, 2016 was a good year in the fight against corruption in the Americas.  The Panama Papers revealed that a Panamanian law […]

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Investigations into corruption and money-laundering were no easy task and involved months of preliminary work, police CEO Angelo Gafà has said. The European Commission’s 2019 annual country report about Malta described police accountability as “deficient” and noted that allegations about corruption and money laundering rarely resulted in prosecutions. Angelo Gafà: everything was being done to […]

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The Angolan sovereign wealth fund is funded by the country’s oil riches. (Keystone / Bruce Stanley) Jean-Claude Bastos, the Swiss-Angolan founder of Zug-based investment fund Quantum Global, has been released from detention after reaching a settlement with the Angolan sovereign fund. He was suspected of embezzlement. The confidential settlement was announced on Friday external linkby […]

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