Money Laundering

A daily roundup of corruption news from across the Web. We also provide a daily roundup of important risk compliance stories via our daily newsletter, The Morning Risk Report, which readers can sign up for here. Follow us on Twitter at @WSJRisk. Bribery: Clients pulled $2.5 billion out of hedge fund Och-Ziff after it settled an […] […]

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ISLAMBAD: The Supreme Court is expected to form and announce a commission on Monday (today) to probe the Panamagate. The commission will be comprised of a SC judge. The ‘likely’ Panamagate Commission would submit its findings to the larger bench for final verdict. A five-member larger bench, led by Chief Justice Anwar Zaheer Jamali, will […]

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After the tribulations concerning Member States’ ratification of the EU-Canada free trade agreement (“CETA”) last week, this week’s plenary will be an important opportunity for Parliament to reflect on EU trade policy. On Wednesday, November 9, Trade Committee MEPs will debate the future of EU trade policy with a panel global trade leaders, including­ Cecilia Malmström, European Commissioner […]

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STOCKHOLM The arrest of Hexagon chief executive Ola Rollen, one of Sweden’s most successful CEOs, on suspicion of insider trading could not only threaten the company’s standing but also the business reputation of the country. Sweden has traditionally been seen as one of the world’s cleanest, least corrupt nations. It ranks third in Transparency International’s […]

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Offshore companies ISLAMABAD: The top investigators of the country have revealed that no institution other than National Accountability Bureau (NAB) can probe the issue of offshore companies as only the bureau can seek information from other countries under mutual legal assistance but there are serious legal hitches in the NAB law to proceed against the […]

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ISLAMABAD: In an unambiguous rebuttal to what the ICIJ reflected in its report regarding his daughter and political heir, Prime Minister Nawaz Sharif has said that Maryam Nawaz neither is nor ever was the beneficial owner of the offshore companies — Nescoll, Nielson and Coomber Group. Although, none of the children of the prime minister, […]

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The day before a major protest was planned against Prime Minister Nawaz Sharif, Pakistan’s Supreme Court on Tuesday said a commission would investigate corruption allegations against the premier, whose children’s offshore financial holdings were listed in the leaked documents known as the Panama Papers. The decision came seven months after the leaked documents from a Panamanian […]

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Islamabad: Pakistan Tehreek-i-Insaf chief Imran Khan on Tuesday called off his anti-government protest slated to take place on Wednesday and instead announced celebrations after the Supreme Court ordered a probe against Prime Minister Nawaz Sharif and his family over the Panama Papers scandal. PTI chairman Khan had threatened to lockdown the capital tomorrow by mobilising […]

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Grant RobertsonMP for Wellington CentralFinance Spokesperson MEDIA STATEMENT 31 October 2016 National dragging its feet on anti-money laundering legislation The National Government has once again caved in to special interests and has shelved plans to introduce legislation this year that would extend anti-money laundering requirements to lawyers, accountants and real estate agents, Grant Robertson Labour […]

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