Money Laundering

ISLAMABAD – The supreme court of Pakistan resumed hearing a slew of petitions seeking a probe into Panama papers here on Tuesday. National Accountability Chairman Qamar Zaman Chaudhry and Federal Board of Revenue chairman Dr. Mohammad Irshad are present in court room before the five-member larger bench to present relevant record regarding the alleged money […]

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PANA Committee Chairman Werner Langen said that Minister Konrad Mizzi’s situation regarding his Panama company looks like money laundering, however stressed that things are not clear at the moment. In comments to The Malta Independent, the Chairman said that there “was a fair and free discussion with Minister Mizzi, but all documents in the Panama […]

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Reuters/Hong Kong Hong Kong is beefing up its anti-money laundering and corporate disclosure laws in a move that some financial crime specialists say could lead to the exodus of billions of dollars in assets from the territory as people seek to avoid increased scrutiny.The Chinese territory’s government has been rattled by last year’s Panama Papers […]

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Private Hong Kong companies would be required for the first time to obtain and hold up-to-date information on their true owners and controlling parties, and provide this information to the authorities upon request. Failure to keep accurate records would be a criminal offense. The changes should be implemented “as a matter of priority” to meet […]

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After two days of questioning, Ramon Fonseca Mora and Jurgen Mossack were detained by prosecutors in Panama on 9 February. The pair have been denied bail as they have been deemed flight risks.   They are being held as part of a probe into corruption and bribery allegations involving Brazilian construction group Odebrecht, which has […]

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Going for its first kill in controversial Islamic preacher Zakir Naik’s money laundering case, the Enforcement Directorate has arrested Naik’s close confidante Aamir Gazdar under Section 19 of Prevention of Money Laundering Act (PMLA) in Mumbai. Sources within the ED confirmed Indiatoday.in that Gazdar was the main handler of money flow of about Rs 200 […]

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After two days of questioning, Ramon Fonseca Mora and Jurgen Mossack were detained by prosecutors in Panama on 9 February. The pair have been denied bail as they have been deemed flight risks.   They are being held as part of a probe into corruption and bribery allegations involving Brazilian construction group Odebrecht, which has […]

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[HONG KONG] Hong Kong is beefing up its anti-money laundering and corporate disclosure laws in a move that some financial crime specialists say could lead to the exodus of billions of dollars in assets from the territory as people seek to avoid increased scrutiny. The Chinese territory’s government has been rattled by last year’s Panama […]

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Panama Papers law firm founders arrested Two founding partners of the law firm at the centre of the Panama Papers leak, have been arrested on suspicion of money laundering. Jurgen Mossack and Ramón Fonseca were arrested by officials in Panama along with another partner at Mossack Fonseca according to Caribbean News Now. The three partners […]

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The partners of the law firm behind the Panama Papers scandal have been arrested on Saturday in relation to a corruption scandal. Following police raids and two days of questioning, Ramon Fonseca Mora and Jurgen Mossack were detained and charged for money-laundering. Panama’s Attorney General, Kenia Porcell, suggests there is evidence to suggest the firm […]

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Employees of Malta’s anti-money-laundering agency, which investigated the country’s connection to the Panama Papers, are still in the dark about who will be taking over as their new head following the departure of Manfred Galdes last August. Despite an announcement by Finance Minister Edward Scicluna more than three weeks ago that the new person to […]

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