Money Laundering

June 3 can be a big day for Malta. We have a stark choice to make: do we want an Auberge de Castille running Malta, or an Auberge de Money Laundering? This is the question we are going to answer through our vote in this extraordinary election. The facts of the case are all there, […]

By Joe Kirwin The European Commission will be forced to draw up a new blacklist of countries that facilitate money laundering after the European Parliament overwhelmingly rejected the latest effort that failed to consider countries that enable tax evasion. EU lawmakers voted 392-80, with 207 abstentions, to reject the list that includes 11 countries, including […]

Neo Technology’s Emil Eifrem looks at how graph technology can help governments, companies and professional fraud investigators piece together evidence against money laundering operations Money laundering happens across the globe, it underpins criminal and terrorist activities and it is on the increase leaving organisations, governments and law enforcement agencies firefighting. Recent US government estimates show […]

The global campaign against money laundering combined with the Panama Papers made the Caribbean islands of sun, sand and offshore banking a near no-go zone for the world’s biggest banks. So the British Virgin Islands has a solution: a bank to service offshore companies, many of them from China, locked out of the global banking […]

The global campaign against money laundering combined with the Panama Papers made the Caribbean islands of sun, sand and offshore banking a near no-go zone for the world’s biggest banks. So the British Virgin Islands has a solution: a bank to service offshore companies, many of them from China, locked out of the global banking […]

To watch the performance of the N League’s topchis and assorted bandmasters, it almost seems as if their leadership has scored a Waterloo triumph against the uniformed lot in the matter of the Dawn leaks. By announcing a virtual ceasefire the army has taken a step back, that’s for sure. To appease the army’s mood […]

In July 2015, the then Prime Minister, David Cameron, set out his determination that the UK should not become a safe haven for corrupt money from around the world.  At the time he particularly pointed towards concerns surrounding the use of shell companies incorporated in so called secrecy jurisdictions, such as the British Virgin Islands, […]

How did it start? The FIAU carried out a preliminary report on the Panama Papers leaks which was transmitted to then Police Commissioner Michael Cassar on April 7, 2016. As soon as he received the report, Mr Cassar left the police HQ never to return. He was later given a consultancy contract with Malta Security […]

Pakistan’s Supreme Court on Friday set up a high-level six-member Joint Investigation Team (JIT) to probe corruption charges levelled against Prime Minister Nawaz Sharif and his sons in the Panama Papers case. A three-member panel of judges reviewed the names submitted by various departments that had been ordered to do so by the apex court’s […]

By Joe Kirwin European politicians are looking to force U.S. banks to exchange tax data with governments within the 28-nation bloc. With frustration mounting because the U.S. hasn’t adopted the OECD’s common reporting standard, members of the European Parliament asked the European Commission to propose a mandate to negotiate an accord with the U.S. to […]

Criticising the formation of JIT by the Supreme Court to further investigate the prime minister and his sons over corruption allegations, he said it was not possible for the team to carry out transparent investigation if Nawaz Sharif continued to be the prime minister. The SC directed to form a JIT comprising National Accountability Bureau […]