Photo: ICIJ By Will Fitzgibbon Edward Carver Offshore entities played a key role in a network of companies owned by a rich and powerful shrimp merchant in the African island nation of Madagascar, according to documents from the International Consortium of Investigative Journalists Panama Papers investigation. ICIJ collaborated with non-profit environmental science and conservation news […]

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ISLAMABAD: Former finance minister Ishaq Dar‘s property in Pakistan has been confiscated and efforts to extradite him are underway, the Supreme Court was informed on Tuesday. “NAB has confiscated the properties,” the additional attorney general told the apex court. The development comes a day after an accountability court asked the Punjab government to confiscate three […]

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IRS, HMRC, FTS or CRA: whatever you like to call him, there’s no hiding from the taxman. No individual or institution is immune from the annual tax deadline, although many aim to reduce what they pay as much as possible through loopholes and profit redistribution schemes. When that tips over into illegal territory, though, it […]

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Most of us associate Indonesia with its sandy beaches, turquoise waters, steamy volcanoes, and dense jungle. If you dig a little deeper, you might conjure up images of lofty temples, sprawling cities, and floating markets. But home to 261 million people, some 11% of them live below the poverty line, with a further 40% teetering […]

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PHOTO: Suzanne D. Williams “In the Depression years of the 1930s, the card game contract bridge, first played in the United States in the late 1920s, blossomed,” according to George Akerlof and Robert Shiller in their 2009 book, “Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism.” “Contract bridge […]

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Panamagate joint investigation team (JIT) head Wajid Zia recorded his statement in the Flagship corruption reference against ousted premier Nawaz Sharif before an accountability court on Monday. Zia, in today’s hearing, told the court that he was nominated by the Federal Investigation Agency (FIA) after the Supreme Court ordered the formation of a JIT to […]

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A year after a car bomb killed Maltese anti-corruption journalist Daphne Caruana Galizia, those who ordered the murder remain free while others continuing her work in the EU’s smallest state are branded traitors. The windswept field where the mother-of-three’s burnt-out car ended up on 16 October 2017, has become a monument to her life. Experts […]

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On October 8, 2018, President Muhammadu Buhari signed what is now known as the Voluntary Offshore Assets Regularisation Scheme (VOARS) into law. This is an Executive Order As the name implies, an order is termed ‘executive’ when the executive arm of government issues one without consulting the other arms of government in the legislature and […]

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Denmark Suffers Greatest Increase in Annual Risk Rating The Basel Institute on Governance (“Basel Institute”) recently announced that the associated Basel Centre for Asset Recovery has released its seventh annual Basel Anti-Money Laundering Index (“AML Index”) for 2018, described by the Basel Institute as “an independent, research-based ranking that assesses countries’ risk exposure to money laundering and terrorist financing.”  The risk scores for […]

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PHOTO: REUTERS VALETTA, MALTA: A year after a car bomb killed Maltese anti-corruption journalist Daphne Caruana Galizia, those who ordered the murder remain free while others continuing her work in the EU’s smallest state are branded traitors. The windswept field where the mother-of-three’s burnt-out car ended up on October 16, 2017, has become a monument to […]

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