Money Laundering

Transparency International says the G-20 countries aren’t moving fast enough to crack down on money laundering with tougher disclosure requirements regarding beneficial ownership of assets. Above, G-20 finance ministers and central bank governors who attended meetings of the International Monetary Fund and World Bank on Friday.  Good morning. Criminals, human traffickers and sanctions evaders exploit […]

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Despite tougher rules against money laundering, there are still many shortcomings among member states, the European Central Bank and the Commission. EURACTIV.fr reports. The series of terrorist attacks in Europe from 2015 to 2016 and the Panama Papers scandal have intensified the combat against money laundering. MEPs adopted the fifth revision of the EU’s anti-money […]

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New findings of the Daphne Project show that contrary to what Maltese Tourism Minister Konrad Mizzi told the European Parliament in February, his offshore firms were planning to do business. Mizzi told the MEPs that his offshore firms were created “for family reasons” and  “were never intended for commercial activities.” He refuted the validity of […]

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An Auckland company may be caught up in an international money laundering controversy after it was identified helping to manage a network of New Zealand-registered companies and trusts for its secret clients. Sources claim this network leads back to the Azerbaijan government, which has been accused of corruption and money laundering. Last year, the Government […]

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An Auckland company may be caught up in an international money laundering controversy after it was identified helping to manage a network of New Zealand-registered companies and trusts for its secret clients. Sources claim this network leads back to the Azerbaijan government, which has been accused of corruption and money laundering. Last year, the Government […]

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Issued by Transparency International Secretariat Just over two years since the Panama Papers revealed widespread use of anonymous shell companies to facilitate corruption and financial crime, governments in the world’s largest economies are still moving too slowly to ensure that citizens and law enforcement can find out who really owns companies operating within their borders. […]

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