Money Laundering

As the appeal drags on following a magistrate’s decision to open an inquiry into whether money-laundering laws had been breached by high-ranking members of government when they opened Panamanian companies and New Zealand trusts, as revealed by the Panama Papers. A decision on whether proceedings will continue to be heard behind closed doors or not […]

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The Russians and Arabs prefer Switzerland. The Americans prefer the Caribbean. While not illegal, tax havens are now stores of greater financial assets than ever imaged. The world’s one percenters, therefore, own a larger percentage of global wealth than we thought. (Shutterstock) Show me the money! What, you can’t? That’s because the equivalent of at […]

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LAHORE – Maryam Nawaz Sharif has said that the ouster of her father and former prime minister Nawaz Sharif came about through a conspiracy. Nawaz Sharif has been a victim of conspiracies throughout his four years stay in power. [Islamabad] Dharna and lockdown, and Panama and Aqama were all part of it, she told a […]

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By Aamir Latif KARACHI, Pakistan The Supreme Court on Friday rejected former Prime Minister Nawaz Sharif’s review petition against his disqualification from office over the Panama Papers scandal. In a short judgment, the five-member bench led by Justice Asif Saeed Khosa, which disqualified Sharif from holding public office in July, rejected arguments made by Sharif’s […]

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Prime Minister Joseph Muscat, outgoing leader of the Opposition Simon Busuttil, tourism minister Konrad Mizzi, OPM chief of staff Keith Schembri and former Allied Newspapers managing director Adrian Hillman gathered in judge Antonio Mizzi’s courtroom this morning as their lawyers prepared to make submissions in seven appeals filed against the launch of an inquiry into […]

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Aid offered by the British government to its hurricane-battered territories in the Caribbean has been dismissed as “derisory” by a former attorney general of one of the worst-hit islands. Rupert Jones, who completed a two-year posting to Anguilla last year, suggested the government’s reluctance to commit significant aid may be motivated by embarrassment over its […]

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Johannesburg –  Finance Minister Malusi Gigaba has on Monday, urged South African tax practitioners to assist government in combating corruption, money laundering and illicit financial flows which deprive taxpayers their deserved benefits. Gigaba said that the tax revenues collected kept South Africa running, paying for social upliftment and poverty alleviation through grants and the multitude […]

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Wake up and smell the dirty money. That’s the message federal regulators are sending to the real estate industry in Miami and other high-priced housing markets. On Tuesday, the U.S. Treasury Department announced it would extend and expand a temporary initiative designed to uncover criminals laundering money through real estate. The decree targets secretive shell […]

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