Money Laundering

Israel’s Prime Minister, Benjamin Netanyahu, is facing a conflict of interest probe over a submarine deal with the German conglomerate ThyssenKrupp, DW reports. This is the third government crisis caused by ThyssenKrupp’s submarine deals. The German conglomerate has been embroiled in similar scandals in Greece and Portugal. The deal entailed Israel buying three Dolphin class […]

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Claims by the MEPs investigating the Panama Papers scandal that the documents presented to a committee last week pointed to potential money laundering were “wrong”, Minister within the Office of the Prime Minister Konrad Mizzi insisted yesterday. Asked about Pana committee chairman Werner Langen’s comments last week, the minister reiterated his previous claims that he […]

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22 February, 2017 Troops to respond effectively to unprovoked violations by India: Qamar Bajwa Govt deployed 15,000 military personnel to protect CPEC All political parties condemned Charsadda courts attack Troops to respond effectively to unprovoked violations by India: Qamar Bajwa Nawaz Sharif to visit Turkey today Seven ppl killed in attacked on sessions court in […]

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PANA Committee Chairman Werner Langen said this evening 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 after a day-long of meetings as part of an investigation in the Panama Papers scandal, the Chairman said […]

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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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