Money Laundering

Finance Minister Edward Scicluna was careful not to engage with MEPs who again pressed him on Malta’s commitment to fight money laundering, Panama Papers leaks and claims of the island being used for tax evasion. Prof. Scicluna told the European Parliament’s economic and monetary affairs committee (Econ) in Brussels on Monday: “As president of the […]

Denmark is tightening its anti-money laundering laws in response to revelations in the so-called Panama Papers, with the government targeting tougher prison sentences for individual bank managers and consultants involved in breaches. “We will not accept this in Denmark,” Business Minister Brian Mikkelsen told broadcaster TV2, after reaching an agreement with representatives from the governing […]

After Deputy Chief Minister Manish Sisodia last week, the Central Bureau of Investigation (CBI) visited another Aam Aadmi Party (AAP) Minister, Satyendar Jain, on Monday. Preliminary probe The CBI’s visit to Mr. Jain’s house, which the AAP has called a ‘raid’, took place in pursuance of a preliminary inquiry registered by the agency in April. […]

ISLAMABAD: Embattled Pakistan Prime Minister Nawaz Sharif’s younger brother and Punjab chief minister Shehbaz Sharif today appeared before a Supreme Court-appointed team probing the Panamagate graft case — the fourth member of the Sharif family to be grilled by the panel. Shehbaz, accompanied by his son Hamza Shehbaz, Interior Minister Chaudhary Nisar and Finance Minister […]

Pakistan Prime Minister Nawaz Sharif on Thursday appeared before a joint investigation team (JIT) probing his alleged role in the financial irregularities ‘exposed’ in the Panama Papers last year. The six-member probe panel headed by JIT chief Wajid Zia will be hearing the case against PM Sharif in the graft case alleging corruption and siphoning […]

Malta’s prime minister was grilled by members of the European Parliament during a debate about the rule of law and his administration’s links to the so-called Panama Papers that were leaked last year. Joseph Muscat, who was recently re-elected, was invited to the parliament’s plenary in Strasburg on June 14. He fielded questions on what […]

Pakistan Prime Minister Nawaz Sharif on Thursday appeared before the investigators probing money laundering allegations against his family, raised by the Panama Papers. The Joint Investigation Team (JIT), constituted by the Supreme Court, has already questioned Mr. Sharif’s sons. His brother and son-in-law will be questioned on June 17 and 24. The investigators are probing […]

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Islamabad: Pakistan Prime Minister Nawaz Sharif will appear on Thursday before a Supreme Court-appointed team probing the Panama papers graft case, an unprecedented development that will make him the first sitting premier to depose before such a panel. File Image of Nawaz Sharif. AFP The Joint Investigation Team (JIT) chief Wajid Zia had summoned the prime […]

The European Greens have written to the European Commission to request an investigation on Malta for potential infringements of the EU’s money laundering laws. German MEP Sven Giegold said that the Maltese police force’s failure to act on a number of damning reports by the Financial Intelligence Analysis Unit (FIAU) could place Malta in breach […]

Senators Chuck Grassley (R-Iowa) and Diane Feinstein (D-California) introduced on May 25, 2017 a bill, S. 1241, entitled the “Combatting Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017.” Although it is of course impossible to know whether this bill ultimately will be enacted into law, the bill addresses a lengthy catalogue of important issues […]

Lahore: Some people hiding behind “constitutional institutions” in Pakistan are hatching a “systematic conspiracy” to remove Prime Minister Nawaz Sharif from mainstream politics using the high-profile Panama Papers case, the ruling PML-N party alleged on Sunday. File image of Nawaz Sharif. Reuters This is the second time in less than a week that Sharif’s party […]