Money Laundering

The partners of the law firm behind the Panama Papers scandal have been arrested on Saturday in relation to a corruption scandal. Following police raids and two days of questioning, Ramon Fonseca Mora and Jurgen Mossack were detained and charged for money-laundering. Panama’s Attorney General, Kenia Porcell, suggests there is evidence to suggest the firm […]

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Employees of Malta’s anti-money-laundering agency, which investigated the country’s connection to the Panama Papers, are still in the dark about who will be taking over as their new head following the departure of Manfred Galdes last August. Despite an announcement by Finance Minister Edward Scicluna more than three weeks ago that the new person to […]

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The European Parliament has been holding an inquiry into the use of tax havens to launder money and avoid tax, ever since the Lux Leaks, Panama Papers, Bahama Leaks and others exposed the sheer volume of money being channeled thru offshore tax havens. Members from the European Parliament’s Committee of Inquiry into Money Laundering, Tax Avoidance and Tax Evasion (PANA) traveled, February 10, […]

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Panama City (AFP) – The founders of the law firm at the center of the “Panama Papers” scandal were being held Friday as part of a probe into a sprawling graft case involving Brazilian construction group Odebrecht. Ramon Fonseca Mora and Juergen Mossack, named partners of the Mossack Fonseca firm, were put in preventive detention […]

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By Joe Kirwin German banks support stricter beneficial ownership rules for companies and trusts, while the leading Scandinavian bank backed an offshore corporate economic substance test to help comply with EU laws against money laundering and tax evasion. Testifying before the European Parliament’s Panama Papers investigative committee, the Association of German Banks told panel members […]

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A flamboyant Malaysian financier linked to an international money-laundering probe has laid bare New Zealand’s surprising appeal as a destination for the ultra-rich to park their wealth. Family members of Low Taek Jho, who is suspected by U.S. officials of diverting money from 1Malaysia Development Bhd., are beneficiaries of New Zealand trusts holding $265 million in assets […]

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A flamboyant Malaysian financier linked to an international money-laundering probe has laid bare New Zealand’s surprising appeal as a destination for the ultra-rich to park their wealth. Family members of Low Taek Jho, who is suspected by U.S. officials of diverting money from 1Malaysia Development Bhd., are beneficiaries of New Zealand trusts holding $265 million in assets […]

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Nawaz’s premiership seems doomed     Whether he, his family or his party accepts it or not, the spectre of the Panama Papers haunts Nawaz Shareef. There are some jarring realities, which cannot be changed. His barmy and twaddle men may speak the vulgarities and have gauche behaviour, boastful, politically amoral, vengeful, unforgiving and, most […]

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