Money Laundering

CARACAS – Jannet Almeida, a local representative of the Panamanian law firm of Mossack Fonseca, which is at the center of the Panama Papers offshore scandal, has been arrested by Venezuelan authorities in Caracas. “The woman was in charge of seeking customers to invest illicit funds in outsourcing-type business arrangements,” the prosecutor’s office said in […]

CARACAS Venezuelan authorities have arrested a representative of the Panamanian law firm Mossack Fonseca at the center of the Panama Papers scandal on accusations of seeking clients interested in investing “illicit funds”, state prosecutors said. Jannet Almeida, who is imprisoned at the headquarters of military intelligence in Caracas, is the second Venezuelan to be arrested […]

On January 27, federal marshals had an arrest order for six people connected to the Brazilian office of Mossack Fonseca Corporate Services (MF). This marked the first occasion that Brazilians had heard of the firm, which would thereafter gain international notoriety in the worldwide scandal referred to as the “Panama Papers.” This week, the Federal […]

The Secret Life of Panama City By Jon Lee Anderson By Jon Lee Anderson, The New Yorker – Panama, which offers up its national flag to international shippers, local addresses to ghost corporations, and an anything-goes banking system to anyone with money, has long been renowned as an accommodating place for business. On a visit […]

LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has stated Panama Papers have clearly revealed that Prime Minister Nawaz Sharif is involved in corruption and money laundering. Speaking to journalists after chairing meeting of party leaders in Lahore, Imran Khan said, “PM Nawaz is mistaken if he believes he is above accountability”. Khan said tax fraud, […]

The EU executive has announced a further clampdown on offshore tax avoidance and shell companies in response to the Panama Papers. The European commission wants tax authorities to be able to identify the real owners of offshore funds in an attempt to stop individuals and companies avoiding tax by hiding money and assets in opaque […]

Police are seen outside the Mossack-Fonseca law firm offices in Panama City during a raid April 12, 2016. Police raided firm whose leaked Panama Papers revealed how the world’s wealthy and powerful used offshore companies to stash assets.(Photo: Ed Grimaldo, AFP/Getty Images) PANAMA CITY — The sting from the global outcry over the Panama Papers had […]

It looks like checks carried out by authorities into possible Cypriot connections to the Panama Papers will be dragging into the autumn. The House ethics committee, which tabled the issue for discussion – the matter was tabled by Greens MP George Perdikis – heard on Tuesday that state agencies and regulatory authorities will be able […]

Nationalist MEPs David Casa and Roberta Metsola will be sitting on the European Parliament’s 65-member committee of its “Panama Papers” Committee of Inquiry into tax evasion and money laundering. Contrary to previous reports, Labour MEP Alfred Sant will not be sitting on the committee, whose remit was approved by the EP on June 8 as […]

Imran Khan said PM Sharif could not escape accountability for the “money laundering”. (Source: PTI) Pakistan’s opposition leader, Tehreek-i-Insaf chairman Imran Khan has threatened to hold another massive sit-in against Prime Minister Nawaz Sharif, saying he cannot escape accountability for “money laundering” in the wake of Panama Papers leak. “I will bring out at least […]