MEPs: Bankers, lawyers and accountants are “enablers” of tax avoidance A WIDE SUPPORT NETWORK of professional organisations “played a crucial role” in the biggest financial tax evasion scandal in world history, according to MEPs interrogating the circumstances and causes behind the Panama Papers tax scandal.  Institutions of bankers, lawyers and accountants acted as “enablers and […]

  Justice Mazhar Iqbal Sidhu of Lahore High Court tendered his resignation on February 28, 2017, mere two days before the hearing of Supreme Judicial Conference where he had to personally appear. Justice Sidhu was issued notices pertaining to a misconduct reference. With Justice Sidhu resignation, Supreme Judicial Council has still 4 references pending before […]

NEW DELHI: The Supreme Court decided on Tuesday to examine the reports prepared by a multi-agency group which is probing the Panama Papers case and directed the Centre to place it before the court in four weeks. Although a bench of Justices Dipak Misra, A M Khanwilkar and M M Shantanagoudar favoured appointment of an […]

The Enforcement Directorate (ED) has instituted formal investigations against 41 Indian nationals whose names cropped up in the Panama Papers leak for alleged undisclosed business interests in offshore companies. Notices have also been served on several entities to join the probe. In at least 20 cases, the Reserve Bank of India (RBI) has confirmed prima […]

By Joe Kirwin Switzerland’s lack of regulatory oversight for lawyers, as well as loopholes that allow them to ignore due-diligence rules, came under intense scrutiny at a European Parliament hearing probing Switzerland’s role in the year-old Panama Papers revelations. At the same time, leading French banks Societe General and BNP Paribas faced criticism for the […]

MEPs: Bankers, lawyers and accountants are “enablers” of tax avoidance A WIDE SUPPORT NETWORK of professional organisations “played a crucial role” in the biggest financial tax evasion scandal in world history, according to MEPs interrogating the circumstances and causes behind the Panama Papers tax scandal.  Institutions of bankers, lawyers and accountants acted as “enablers and […]

Published March 6, 2017 Former Prime Minister Sigmundur Davíð Gunnlaugsson, who was forced to resign in the wake of a now-infamous interview where he was asked about his involvement in the Panama Papers, has contended that the interview in question was in fact staged. Vísir reports that Sigmundur was asked, in a new interview with […]

The Trump Tower Baku never opened. Trump partnered with an Azerbaijani family that U.S. officials called notoriously unethical.CreditPhotograph by Davide Monteleone for The New Yorker Heydar Aliyev Prospekti, a broad avenue in Baku, the capital of Azerbaijan, connects the airport to the city. The road is meant to highlight Baku’s recent modernization, and it is […]

— Feica/Dawn. The International Consortium of Investigative Journalists (ICIJ) makes 11.5 million secret documents available to the public for the very first time. The documents, coming from Panamanian law firm Mossack Fonseca, contain confidential attorney-client information for more than 214,488 offshore entities. Eight off-shore companies were reported to have links with the family of Prime […]

Mumbai, Mar 7: The Enforcement Directorate (ED) on Tuesday summoned controversial preacher Zakir Naik‘s sister Nailah Noorani, in connection with the money laundering case against Naik. Noorani is the additional director in five private companies linked to Zakir Naik which includes Harmony Media Pvt. Ltd which is in the probe. This was the first time that ED […]

Though the European Union countries, including Slovakia, have toughened up the fight against tax evasion after the Panama Papers scandal broke out, the number of companies established in tax havens has not yet decreased. The reason is that companies are not only seeking a lower tax burden, but also anonymity of ownership, less red tape […]

  According to the 32nd report on International Narcotics Control Strategy that has recently been published by the US State Department, the international community loses billions of dollars owing to trade-based money laundering (TBML) with China, Russia, Mexico and India topping the list on illicit financial outflows. Moreover, the report states that Pakistan too loses […]

Published March 6, 2017 Former Prime Minister Sigmundur Davíð Gunnlaugsson, who was forced to resign in the wake of a now-infamous interview where he was asked about his involvement in the Panama Papers, has contended that the interview in question was in fact staged. Vísir reports that Sigmundur was asked, in a new interview with […]