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The Pakistani army is fighting the war against terrorism whereas the ruling political party, PML-N, with government in the centre and as well as in Punjab, instead of implementing its part of the National Action Plan, is fighting against PTI and PAT. This political tussle was initiated when PML-N was accused of illegitimacy, and has […]

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Key’s initial reaction had been that there was no need to change the foreign trust laws and this would be a recurrent theme in heart-rending industry submissions to Shewan’s inquiry: it was all a media beat-up. And foreign trusts certainly had nothing to do with avoiding tax. The NZ Trustee Companies Association described their role […]

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“We have found 450 legal and natural persons with a link to offshore structures and Switzerland,” Joel Weibel, spokesman for the Federal Tax Administration told SRF radio. It is not clear whether any tax evasion has taken place. Weibel said the data would now be passed to the cantons affected for them to check the […]

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Sigmundur Davíð Gunnlaugsson, the former PM of Iceland who was toppled from power following revelations connected to the Panama Papers scandal earlier this year, has lost the leadership of his own party. Members of the Progressive Party (‘Framsoknarflókkurinn’) at their annual party conference yesterday voted to replace Gunnlaugsson as party leader with Sigurður Ingi Jó­hanns­son, […]

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Zahid Chaudhary Islamabad—While the parliamentary leaders at their meeting chaired by Prime Minister Nawaz Sharif here on Monday gave the lucid message of unity and solidarity in the face of Indian belligerence both at the LOC and the diplomatic front, some other matters particularly that of Panama papers that includes the names of the family […]

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A Multi-Agency Group (MAG), comprising officials of CBDT, RBI, Financial Intelligence Unit and ED, has been set up to ensure “speedy and coordinated” probe against Indians whose names have figured in the Panama papers for allegedly holding bank accounts in foreign nations, government told the Supreme Court on Monday. An undisclosed income of about Rs […]

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The world’s 11th largest bank paid the Clintons almost a million dollars while under investigation and now everything is falling apart. The Deutsche Bank’s stocks hit an all time low on Friday before there were rumors that the bank had come to an agreement on a bailout. Then the stock shot up late Friday. Now […]

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Taiwan’s top financial regulator resigned in an effort to contain the fallout from the controversy over anti-money laundering failings at Taipei-based Mega Financial Holding Co. In a statement posted Monday on the Financial Supervisory Commission’s website, Chairman Ding Kung-wha said he was stepping down “to maintain his innocence” and to contain any damage to the […]

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Published October 3, 2016 Former Prime Minister Sigmundur Davíð Gunnlaugsson is now also the former chairperson of the Progressive Party, as party primary voting yesterday unseated him. Current Prime Minister Sigurður Ingi Jóhannsson is now the new chairperson of the party. Stundin reports that the voting was fairly close. Of 703 ballots cast, Sigmundur received […]

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ISLAMABAD: The Election Commission of Pakistan (ECP) has reactivated its ‘political finance wing’, which was initially set up three years ago to investigate the assets of political parties and elected representatives with a view to eliminating corruption in politics. The brainchild of former ECP secretary Ishtiak Ahmad Khan, the wing failed to take off after […]

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Manfred Galdes, the former director at the Financial Intelligence Analysis Unit has been appointed CEO and director of ARQ Group’s compliance and anti-money laundering branch. The ARQ Group is a multi-disciplinary professional services organisation set-up in joint venture between the founding partners of Capstone Group and those of law firm Fenech Farrugia Fiott Legal. Dr Galdes […]

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