Money Laundering

WASHINGTON The United States received failing scores for its efforts to prevent the laundering of criminal proceeds by shell companies, accountants and real estate agents, the Financial Action Task Force (FATF) said in a report released Thursday. Overall, the United States had “robust” anti-money laundering efforts, scoring as highly effective at countering terrorism financing, said […]

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Since the Maltese Parliament and government have not taken concrete action on tax avoidance and evasion, even in light of the Panama affair, Alternattiva Demokratika said it hopes that EP inquiry will shed light where others have failed. Alternattiva Demokratika Chairperson, Prof. Arnold Cassola, said: “The European Parliament administration yesterday approved the request from the […]

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By Reuters Published: 09:07 EST, 1 December 2016 | Updated: 09:07 EST, 1 December 2016 e-mail By Joel Schectman and Brett Wolf WASHINGTON, Dec 1 (Reuters) – The United States received failing scores for its efforts to prevent the laundering of criminal proceeds by shell companies, accountants and real estate… read more at: http://www.dailymail.co.uk/wires/reuters/article-3990372/U-S-failing-curb-money-laundering-shell-companies-task-force-report.html

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Almost 3,500 individuals and companies in the Panama Papers are probable matches for suspected criminals including terrorists, cybercriminals and cigarette smugglers, according to a document seen by the Guardian. The analysis, which was carried out by Europol, the EU’s law enforcement agency, sheds more light on the breadth of criminal behaviour facilitated by tax havens […]

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After the Qatari prince, son of a British-Pakistani officer has jumped in the Panamagate, claiming that the Sharif family bought Mayfair flats through money laundering. He claimed the illegal money was transferred in the bank accounts opened on his father name without any consent. Kashif Masood, son of Masood Ahmed Qazi, a retired officer from […]

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ISLAMABAD (Dunya News) – While hearing the Panama Papers case today (Wednesday), the Supreme Court of Pakistan remarked that there is contradiction between Prime Minister Nawaz Sharif’s statements that were given to the court and those that were made on the floor of the National Assembly. A five-member bench headed by Chief Justice Anwar Zaheer […]

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Home» Top News » Front Top News Posted by Madiha Shakeel 33 ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has refused all allegations of tax evasion and money laundering leveled against him. Speaking to media representatives here, he said that he had not issued any wrong statement with reference to his assets and had been […]

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The EU needs a European register of beneficial owners of companies, consistent definition – and handling – of suspicious transactions and enforced transnational cooperation like the US Financial Investigation Unit, experts on anti-money laundering enforcement in Belgium and Germany told Parliament’s Panama Papers Inquiry Committee on Monday. Money laundering is not a fiscal issue, but […]

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Following the leaking of the so-called “Panama Papers” earlier this year, the then Prime Minister, David Cameron, announced the creation of a “cross-agency taskforce” (the “Taskforce”) to analyse all the information made available. On 8 November 2016, the Chancellor of the Exchequer, Philip Hammond MP, gave an update to the House of Commons by way […]

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The government told the Supreme Court on Thursday that it was “absolutely serious” about conducting investigations into disclosures in the Panama Papers leak. The agency was reacting to a query from the Supreme Court on how it intends to enquire into the Panama papers leak allegedly naming nearly 500 high-profile Indians, who have money reportedly […]

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