Tax Evasion

Issues of German daily Sueddeutsche Zeitung on the Panama Papers with illustrations by Peter M. Hoffmann depicting heads of state. CHRISTOF STACHE/AFP/Getty Images Ana Swanson May 5, 2016 The Obama administration announced several rules Thursday evening meant to combat tax evasion, money laundering and financial crime amid renewed scrutiny over the use of offshore accounts and […]

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The first people charged with crimes in the United States arising from the Panama Papers investigation will face trial in January 2020, according to new court filings. The trial, in New York’s Southern District, will begin almost four years after the International Consortium of Investigative Journalists and more than 100 media outlets began publishing the […]

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Daniel Wesangula and Alan Mungai 10th Aug 2019 11:06:52 GMT +0300 The Hub shopping mall in Nairobi’s Karen neighbourhood. It is one of properties owned by Humphrey Kariuki Ndegwa. [Courtesy] When Humphrey Kariuki’s plane touched down at Maputo International Airport on Thursday morning from Johannesburg, South Africa, he had no idea that a storm was […]

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The Panama Papers have led to a series of investigations worldwide. (Keystone) Switzerland is the only country that declined an invitation from the German police to sift through the leaked Panama Papers that detail the activities of global banks and financial intermediaries on behalf of wealthy clients. The SonntagsZeitung reports that 16 other countries sent […]

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BRUSSELS (Reuters) – HSBC’s (HSBA.L) Swiss private banking arm has agreed to pay nearly 300 million euros ($336 million) to settle a tax fraud case in Belgium, Belgian prosecutors said on Tuesday, the latest blow for the Alpine state’s banking sector from the EU. The settlement comes after a French court in February ordered UBS […]

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HSBC’s Swiss private banking arm has agreed to pay nearly $336m to settle a tax fraud case in Belgium, prosecutors said on Tuesday, in the latest blow dealt by the European Union to the Alpine state’s banking sector. HSBC, Europe’s largest bank, was “charged by a prosecutor in 2014 for serious and organised tax fraud, […]

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