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Massive data leaks on tax dodging, including the Swiss leaks and the Panama papers, have put an uncomfortable spotlight on the global elite’s role in promulgating global inequality, from celebrities to entrepreneurs to politicians (the backlash even brought down Iceland’s prime minister). But how much blame should be placed on the people who mastermind their […]

Benazir murder case ISLAMABAD: Asserting that no deal had been reached between the prime minister and Pakistan Peoples Party leader Asif Ali Zardari over the Panama Papers case, former interior minister Rehman Malik has said he will speak the truth before the Joint Investigation Team (JIT) probing money laundering allegations against Nawaz Sharif on Friday […]

Prime Minister Joseph Muscat faced questions from MEPs during a European Parliament debate on the rule of law in Malta in the wake of the Panama Papers scandal. 5.55pm: After nearly two hours of statements, accusations, and counter-accusations of bullying later, the debate is over.  5.52pm: In a passionate, unscripted speech, Muscat underlines the measures […]

The British Virgin Islands — a tax haven or not? Wikimedia Transparency and tax campaigners are clashing with officials from the British Virgin Islands (BVI) over a new report claiming the Caribbean islands are not a tax haven. The report, written by Capital Economics and commissioned by BVI Finance, which promotes the country’s financial sector, […]

LAHORE: Raising questions about the proceedings of the Joint Investigation Team (JIT) about his family’s financial affairs in the wake of the Panama Papers revelations, Prime Minister Nawaz Sharif has said that he will “bravely face conspiracies” and will not let them succeed. Talking to reporters on his arrival in London on Saturday, he said: […]

The British Virgin Islands — a tax haven or not? Wikimedia Transparency and tax campaigners are clashing with officials from the British Virgin Islands (BVI) over a new report claiming the Caribbean islands are not a tax haven. The report, written by Capital Economics and commissioned by BVI Finance, which promotes the country’s financial sector, […]

Denmark is tightening its anti-money laundering laws in response to revelations in the so-called Panama Papers, with the government targeting tougher prison sentences for individual bank managers and consultants involved in breaches. “We will not accept this in Denmark,” Business Minister Brian Mikkelsen told broadcaster TV2, after reaching an agreement with representatives from the governing […]

The Supreme Court on Friday announced that it would indict Nehal Hashmi, the senator who became a political pariah after his incendiary speech criticising an investigation into the prime minister’s business dealings abroad was circulated widely on media. During Friday’s hearing on the matter, Justice Sheikh Azmat Saeed expressed severe displeasure at Hashmi’s unannounced absence […]

Online Edition : Q Malik / Ch Imran Zafar E-Mail: [email protected] Islamabad: 051-2852027, 051-2852028 E-Mail : [email protected] Karachi: 021-35308446-49 E-Mail : [email protected] Lahore: 042-36306666, 36303333 E-Mail : [email protected] … read more at: http://pakobserver.net/panama-not-corruption-opp-using-gains-marriyum/

ISLAMABAD: Senator Rehman Malik on Friday said that he has full faith in the Joint Investigation Team (JIT) comprising “professional and competent” people and said that he doesn’t think the team will be unjust towards anyone. Talking to media after his appearance before the JIT, formed to probe prime minister’s financial dealings abroad, Malik said that […]

Online Edition : Q Malik / Ch Imran Zafar E-Mail: [email protected] Islamabad: 051-2852027, 051-2852028 E-Mail : [email protected] Karachi: 021-35308446-49 E-Mail : [email protected] Lahore: 042-36306666, 36303333 E-Mail : [email protected] … read more at: http://pakobserver.net/panama-not-corruption-opp-using-gains-marriyum/

Islamabad: A high-profile investigation team probing the Panama papers case, in which Pakistan prime minister Nawaz Sharif and his two sons are accused of corruption, on Thursday submitted its third report to the Supreme Court. Representational image. AFP Justice Ejaz Afzal Khan, who heads the bench, expressed anger on being told once again that various departments […]

The Panama Papers revelations have prompted Denmark to consider introducing longer jail sentences for those committing financial crimes, authorities announced on Wednesday. Nordea Bank Buildings in Denmark (Photo: Roman Hobler, CC BY-SA 2.0)The leak of millions of documents from the Panamanian law firm Mossack Fonseca last year showed that some 500 banks throughout the world […]

By Richard Crump Law360, London (June 21, 2017, 4:35 PM BST) — European Union lawmakers investigating the Panama Papers tax evasion scandal accused the EU Council on Wednesday of obstructing their investigation into whether the bloc failed to adequately enforce its anti-money laundering and tax avoidance laws on money going offshore. Members of the European […]

Working Together to Fight Money Laundering Terrorist Financing June 22, 2017 Ladies and Gentlemen—good morning. Dear President Vega-Serrano, thank you for your kind invitation and all of you for your warm welcome. It is wonderful to be in Valencia—a city that combines ancient roots with modern architecture, 21st-century commerce, and some of the world’s best […]