Money Laundering

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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A new report by the European Green Party on tax avoidance confirms the role of the world’s leading economies, including European member states, in playing a big role in tax evasion and money laundering through the use of intermediaries like auditors, accountants, tax… read more at: http://www.maltatoday.com.mt/business/business_news/73718/not_just_panama_problem_banks_big_four_tax_middlemen

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Minister without Portfolio Konrad Mizzi, the Prime Minister’s chief of staff Keith Schembri, former PN Minister Ninu Zammit, Finance Minister Edward Scicluna, PN Deputy Leader Beppe Fenech Adami and former FIAU CEO Manfred Galdes have all been called to appear before the PANA Committee, sources within the committee have told The Malta Independent. The PANA […]

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Updated at 12.30pm with MEPs statement The Panama Papers committee of the European Parliament  wants to speak to Nationalist MPs Tonio Fenech and Beppe Fenech Adami, the Times of Malta has learnt. Although widely known as the Panama Papers committee, it has a wider remit, which includes investigating alleged breaches of money- laundering, tax-avoidance and […]

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Your (Article, Chart, Blog) was successfully saved to your folder My Default Folder Don’t forget you can visit My Briefcase to manage your folders at any time. … read more at: http://www.nationallawjournal.com/home/id=1202775032496/Trump-and-Transparency?mcode=1202617074964&curindex=5

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Nationalist Party and European People’s Party MEP David Casa professed that he is “embarrassed” of his government over its role and handling of the Panama Papers scandal. His comments were made during a plenary session following the Prime Minister’s address at the European Parliament (EP) which outlined Malta’s programme for the current Presidency. A number […]

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