Money Laundering

In mid-April, economist Michael Hudson told The Real News Network that global oil and mining industries and the U.S. State Department created Panama and Liberia for the express purpose of tax evasion. Read a full transcript of Hudson’s exchange with host Sharmini Peries below. —Posted by Alexander Reed Kelly. SHARMINI PERIES, TRNN: It’s the Real […]

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It took a massive leak of secret records from a Panama City law firm to reveal the global scope of tax evasion, profit offshoring and money laundering. The scandal from the “Panama Papers” has already brought down a head of state, sparked numerous investigations and ensnared sports figures, ruling families and politicians from democratic and […]

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The Justice Department has opened a formal criminal investigation into potentially widespread illegalities exposed by the Panama Papers, the massive leak of financial details about secret offshore accounts, federal law enforcement officials told NBC News Wednesday — and its first priority will be finding wrongdoing by U.S. firms and individuals. The U.S. Attorney in Manhattan, […]

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Tax breaks a la Panama Papers not for everyday Kiwis What’s the New Zealand link to the Panama Papers? The infamous Panama Papers have brought to light some of New Zealand’s legal loopholes – so can you get a tax break like the super-rich? Under New Zealand law, someone who is not a New Zealand resident can […]

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Hillary Clinton recently blasted the hidden financial dealings exposed in the Panama Papers, but she and her husband have multiple connections with people who have used the besieged law firm Mossack Fonseca to establish offshore entities. Among them are Gabrielle Fialkoff, finance director for Hillary Clinton’s first campaign for the U.S. Senate; Frank Giustra, a […]

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Hillary Clinton recently blasted the hidden financial dealings exposed in the Panama Papers, but she and her husband have multiple connections with people who have used the besieged law firm Mossack Fonseca to establish offshore entities. Among them are Gabrielle Fialkoff, finance director for Hillary Clinton’s first campaign for the U.S. Senate; Frank Giustra, a […]

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The Panama paper scandal has taken the world by storm. The investigative journalism reports that have named several global politicians, world leaders, celebrities and businessmen have made a substantial revelation amongst the larger part of the world. The International Consortium of Investigative Journalists has carried out a groundbreaking and path defining investigation in trying to […]

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Panama Papers: What are they are why should we care? What’s the New Zealand link to the Panama Papers? What do you get when you take billions of dollars in cash and assets, tuck it away in secret offshore trusts, throw in some of the world’s rich, famous and powerful, and then make all the details public? An […]

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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 […]

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“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 […]

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