Krisjanis Karins, a co-rapporteur for the EP said that criminals use anonymity to launder their illicit proceeds or finance terrorism the legislation will help address the threats to EU citizens and the financial sector by allowing greater access to information. Judith Sargentini, another member of the EP is hopeful that such measures will not only […]
<!– Social media Button BEGIN http://api.bit.ly/v3/twitter_tweet_button.js?login=utknightcenter&apiKey=%20R_31895f56351b3751b0727d8dcd829cec Tweet https://apis.google.com/js/plusone.js –> Cybersecurity, legal shields and working in alliances are some of the fundamental factors to consider when conducting journalistic investigations on corruption issues in Latin America, according to speakers on the Corruption Coverage panel, held during the 11th Ibero-American Colloquium of Digital Journalism in Austin, Texas on […]
New findings of the Daphne Project show that contrary to what Maltese Tourism Minister Konrad Mizzi told the European Parliament in February, his offshore firms were planning to do business. Mizzi told the MEPs that his offshore firms were created “for family reasons” and “were never intended for commercial activities.” He refuted the validity of […]
MEPs supported on Thursday — by 574 votes to 13 votes, with 60 abstentions — a December agreement reached with the Council, which also proposed closer regulation for virtual currencies, like Bitcoin, to prevent them being used for money laundering and terrorism financing. The agreement represents the fifth and latest update to the EU’s Anti-money […]
Members of the European Parliament have voted in favour of EU anti-money laundering reforms, which will include closer regulation for cryptocurrencies, by 574 votes to 13 votes, with 60 abstentions, according to an EUP press release April 19. The agreement, known colloquially as “5AMLD,” is the fifth update to the EU’s anti-money laundering directive. It […]
<!– Social media Button BEGIN http://api.bit.ly/v3/twitter_tweet_button.js?login=utknightcenter&apiKey=%20R_31895f56351b3751b0727d8dcd829cec Tweet –> <!– Original Tweet Button http://api.bit.ly/v3/twitter_tweet_button.js?login=utknightcenter&apiKey=%20R_31895f56351b3751b0727d8dcd829cec Tweet –> Cybersecurity, legal shields and working in alliances are some of the fundamental factors to consider when conducting journalistic investigations on corruption issues in Latin America, according to speakers on the Corruption Coverage panel, held during the 11th Ibero-American Colloquium of […]
Two leading Maltese politicians are facing mounting pressure amid revelations that $1.6m was paid to an anonymous Dubai company identified as one of two “target clients” of their own offshore companies in Panama. The allegations concern the tourism minister, Konrad Mizzi, and the prime minister’s chief of staff, Keith Schembri, both beneficial owners of offshore […]
G-20 countries are “weak” and have moved “too slowly” in improving transparency over financial secrecy two years after the Panama Papers revealed how wealthy individuals hide their money, an international corruption watchdog said Thursday. Transparency International warned that 10 G-20 nations have “very weak” legal frameworks that do little to help law enforcement officials and […]
The corrupt don’t like paper trails, they like secrecy. What better way to hide corrupt activity than with a secret company or trust as a front? You can anonymously open bank accounts, make transfers and launder dirty money. If the company is not registered in your name, it can’t always be traced back to you. […]
The chairman of the National Book Council has said he is embarrassed by the Labour Party of which he is a member of in the wake of last night’s revelations that strongly indicate that Tourism Minister Konrad Mizzi and the Prime Minister’s chief of staff Keith Schembri had set up their offshore Panama companies to […]
The corrupt don’t like paper trails, they like secrecy. What better way to hide corrupt activity than with a secret company or trust as a front? You can anonymously open bank accounts, make transfers and launder dirty money. If the company is not registered in your name, it can’t always be traced back to you. […]
European Commissioner Věra Jourová © Dutch Government/Martijn Beekman The EU has welcomed the adoption of a new directive aimed at combating money-laundering and terrorist financing in Europe. The need to combat money-laundering and terrorist financing was raised by the European Commission in 2016, in the wake of a number of acts of terrorism across the […]
Marking six months since the murder of Maltese journalist Daphne Caruana Galizia, an international consortium of journalists has started publishing further revelations aimed at uncovering the truth about her assassination and making sure her investigations live on. The publication of a first wave of stories by 18 media partners, including the Guardian, the New York […]
The International Consortium of Investigative Journalists (ICIJ) has come under renewed attack from members of the offshore finance industry following its role in the publication of law firm Appleby’s client data in November last year. The ongoing and fierce debate over the publication of the so-called “Paradise Papers” was played out most recently at the […]