Money Laundering

Greens MEP and member on the Pana Committee Sven Giegold (above) has questioned why anyone would open a company in Panama for legitimate reasons. He was asked by The Malta Independent, in Brussels, whether the Pana committee plans to consider possible enforcement against intermediaries or recommending further EU legislation for intermediaries with relation to financial services […]

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Pakistani Prime Minister Nawaz Sharif (File Photo) Since January 4, a five-member Bench headed by the second seniormost judge of the Supreme Court of Pakistan has been hearing for three hours every day petitions alleging corruption by Prime Minister Nawaz Sharif, filed by the chairman of the Pakistan Tehreek-e-Insaaf (PTI) Imran Khan, and the head […]

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The Isle of Man is a well-known tax haven (otherwise known as an “international financial center”), with its financial services sector (banking, insurance, other finance and business services, legal and accounting services, and corporate services) accounting for 37.8 percent of its gross domestic product. However, the latest report from the Council of Europe’s expert committee on money laundering and the financing of terrorism (MONEYVAL) […]

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ISLAMABAD – The Supreme Court of Pakistan adjourned hearing a slew of petitions seeking a probe into Panama papers till Tuesday. The five-member larger bench discussed the alleged money laundering by Sharif family and Ishaq Dar in the purview of latter’s confessional statement. National Accountability Bureau (NAB) submitted details regarding the confessional statements of Ishaq Dar […]

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The State’s anti-money laundering agency, which conducted an investigation related to the Panama Papers, is still without a head after the departure of Manfred Galdes nearly eight months ago. While Finance Minister Edward Scicluna has stated that the new director of the Financial Intelligence Analysis Unit (FIAU) has been selected, his or her identity is […]

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ISLAMABAD – The Supreme Court of Pakistan resumed hearing a slew of petitions seeking a probe into Panama papers here on Monday. The five-member larger bench is expected to discuss the alleged money laundering by Sharif family and Ishaq Dar in the purview of latter’s confessional statement. National Accountability Bureau (NAB) submitted details regarding the confessional statements […]

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The writer served as Executive Editor of The Express Tribune from 2009 to 2014 Revelations of tax-evasion and money-laundering networks on a global scale in the so-called Panama Papers helped make the world appear more corrupt last year, according to graft watchdog Transparency International. The Berlin-based organisation said there were more falling scores than rising […]

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ISLAMABAD – The Supreme Court of Pakistan has adjourned hearing a slew of petitions seeking a probe into Panama papers till Monday. The five-member larger bench discussed the confessional statement of Ishaq Dar regarding money laundering and instructed NAB to provide all details regarding Ishaq Dar’s confessional statement from 2000 against Nawaz Sharif on the […]

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ISLAMABAD – The Supreme Court of Pakistan has adjourned hearing a slew of petitions seeking a probe into Panama papers till Monday. The five-member larger bench discussed the confessional statement of Ishaq Dar regarding money laundering and instructed NAB to provide all details regarding Ishaq Dar’s confessional statement from 2000 against Nawaz Sharif on the […]

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Anti-money laundering efforts could be made more effective if national tax authorities highlighted good practice rather than just punished bad ones, the European Parliament’s Panama Papers committee heard today. “We know that people reach much more to positive rather than negative news,” Brigitte Unger told the EP’s PANA Committee. “White lists promoting good practice could […]

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Hundreds of Panamanians are planning to stage a mass rally on Wednesday to protest the widespread corruption in their country, the result of social unrest brewing since the Panama Papers scandal came to light in April 2016. RELATED: Dominicans Flood New York Streets to Protest Odebrecht Scandal, Corruption The protest was organized by Citizens Against Impunity and will begin at […]

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The anonymous source behind the Panama Papers leake has issued a manifesto explaining his or her motives for releasing the data. “John Doe” also called for action against the corruption at the heart of income inequality. … read more at: http://www.dw.com/en/panama-suspends-panama-papers-investigation/a-37261828

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Panama City (AFP) – Panama is suspending its probe into the Panama Papers, the leak of a legal firm’s files on clients who stored assets in opaque offshore companies, prosecutors said Tuesday. The records from the Panamanian law firm Mossack Fonseca revealed the names of leaders, politicians, celebrities and wealthy individuals from around the world […]

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By Alex Davis Law360, London (January 19, 2017, 8:40 PM GMT) — European Union lawmakers on Thursday rejected the European Commission’s proposed blacklist of 11 countries seen at risk of facilitating money laundering or terrorist financing as being too narrow in scope and demanded the inclusion of tax havens on the list. The EU has […]

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