Money Laundering

PANAMA CITY – Prosecutors raided the offices of the Mossack Fonseca law firm Tuesday, looking for evidence of money laundering and financing of terrorism following a leak of documents about tax havens it set up for wealthy international clients. Half a dozen police officers set up a perimeter around the offices while prosecutors searched inside […]


“For these measures to have teeth, the government must force the U.K.’s tax havens to set up the same registers, or we simply move the secrecy offshore.” Chido Dunn, senior campaigner at NGO Global Witness said to CNBC via email. Rachel Davies, head of U.K. advocacy and research at the U.K. arm of the global […]


aNewDomain — Mossack Fonseca, the multinational law firm at the center of the multi billion dollar Panama Papers money laundering scheme revealed by hackers last week, did a lot more for its clients than just create offshore shell companies for them. The firm also offers, or offered, extensive document storage, retrieval and “money-laundering protection” services to […]


The scale of tax avoidance and money laundering revealed in the Panama Paper leaks run into the several hundreds of billions of dollars and contains the details and names of hundreds of powerful and influential people from across the world. The impact of these revelations is already visible: mass protests in Iceland have forced the […]


Panama’s President Juan Carlos Varela assured his French counterpart Francois Hollande today his country was committed to cooperating in the fight against money laundering, his office said. Varela, whose government is reeling from the so-called Panama Papers leaks, spoke with Hollande by phone after France said it was putting his country back on its list […]

A suspected money laundering ring involving close associates of Vladimir Putin has been uncovered in a leak of confidential documents. The billion-dollar operation was run by Bank Rossiya, which is subject to US and EU sanctions following Russia’s annexation of Crimea. Evidence seen by BBC Panorama reveals for the first time how the bank operates. […]

BANGKOK Thailand is investigating 16 people, including current and former politicians and well-known business people, whose names appeared in the “Panama Papers”, a top official at the country’s Anti Money Laundering Office (AMLO) said on Friday. The individuals are among scores of politicians and business figures worldwide who feature in the massive document leak from […]

Panamanians have long shrugged off their country’s checkered reputation as a financial haven for drug lords, tax dodgers and corrupt oligarchs. They like to joke that if they’re crooks, they’ve learned it from the world’s wealthy nations. That same defensiveness has re-emerged amid the fallout from the leak of 11.5 million confidential documents from the […]

The FCA confirmed it has written to a “number of firms” about disclosures in the Panama papers, including those on the regulator’s Systematic Anti-Money Laundering Programme. A spokesperson said, “We are working closely with a number of other agencies who are also looking at this. “As part of our responsibility to ensure the integrity of […]