Data leaks and account closures by overseas banks are tainting the Caribbean as a viable place for international business, according to attorney and former banking executive Cheryl Bazard. These leaks, including the ‘Panama Papers’ and the ‘Bahamas leaks’, are increasingly revealing confidential information, while account closures linked to derisking channel funds underground. “It scares those […]

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KARACHI: Pakistan People’s Party (PPP) chairman Bilawal Bhutto on Monday said instead of facilitating investigation into Panama Papers revelations, Prime Minister Nawaz Sharif is blocking every attempt to protect himself. The PPP chairman took an exception to prime minister as he shared a news item on Twitter that reported  Mr Sharif is seeking  disqualification of petitions […]

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In several conflict-affected countries in East and Central Africa, the state has been hijacked and transformed from an institution that is supposed to provide social services and safeguard the rule of law into a predatory criminal enterprise that does quite the opposite. These criminal cells use state power to loot public coffers and natural resource […]

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KARACHI: Pakistan People’s Party (PPP) chairman Bilawal Bhutto on Monday said instead of facilitating investigation into Panama Papers revelations, Prime Minister Nawaz Sharif is blocking every attempt to protect himself. The PPP chairman took an exception to prime minister as he shared a news item on Twitter that reported  Mr Sharif is seeking  disqualification of petitions […]

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EESC debate also calls for safeguards against misuse of data collected An EESC debate this week on fighting money laundering, terrorist financing and tax evasion called for a number of policy proposals aimed at “making the lives of criminals more difficult and their actions impossible”. The Brussels event made a clear distinction between tax fraud, […]

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Minister without Portfolio Konrad Mizzi will be among the first to be called to Brussels over the Panama Papers scandal, according to the chairman of the European Parliament’s Committee, which is investigating the scandal. Addressing a press conference after the first session of the committee in Brussels, chairman Werner Langen, a German MEP, said that […]

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Before the appointment of four new Election Commission of Pakistan (ECP) members in July, important posts in the ECP top bureaucracy had already been filled by its management. Mass postings, transfers and promotions were made in haste, new roles were assigned to hundreds of officers of different cadres, so that no room could be left […]

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 Print John Podesta NEW YORK – Hillary Clinton’s presidential campaign manager, John Podesta, was on the executive board of a client of the Panamanian law firm Mossack Fonseca, which is at the heart of the the Panama Papers investigation into massive global offshore money-laundering. The company for which Podesta served as a board member, Joule, […]

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The Panama Papers project, led by ICIJ and German newspaper Süddeutsche Zeitung working in collaboration with more than 100 media outlets, has been honored with a Gold Barlett Steele award for Investigative Journalism. The award, announced on Tuesday by the Donald W. Reynolds National Center for Business Journalism, recognized the significant impact of the Panama Papers […]

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The government’s anti-money laundering agency is still without a chief following the resignation this summer of the former director Manfred Galdes, the Times of Malta has learnt. Dr Galdes’s abrupt resignation was made public in August following an investigation by the Financial Intelligence Analysis Unit (FIAU) into the Panama Papers leak. The former FIAU chief […]

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