JAKARTA —  The “Paradise Papers,” millions of confidential documents on offshore investments that were leaked this week, have shed light on the financial affairs of world leaders such as Queen Elizabeth II and the president of Colombia. They also cite several prominent politicians in the world’s fourth largest country, Indonesia, including children of its famously […]

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Islamabad: A Pakistani accountability court on Wednesday ordered embattled Finance Minister Ishaq Dar to appear in person on 14 November after he failed to appear before it in a graft case. File photo of Pakistan’s finance minister Ishaq Dar. Reuters Dar did not appear in court as he was undergoing medical check-ups in London for […]

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Malta truly is a surreal place. Yesterday the final report of the PANA Committee – the European Parliament committee set up to look into issue of money laundering and the infamous Panama Papers – was published. A short time later the Labour Party and then the government issued a press release in which they disingenuously […]

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Home Comment As with Panama, Malta features prominently in the cache of the leaked Paradise Papers, but to date, no political names have been exposed. There seems to be a contradiction in the way Malta approaches the related issues of tax avoidance, tax evasion and money laundering. When the Panama Papers scandal broke in 2016, […]

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1. Malta was the only EU member state with a government minister named among the PEPs mentioned in the Panama Papers; but Malta saw no police investigation despite evidence from the Financial Intelligence Analysis Unit of serious risks of money laundering. “This lack of investigation has prevented the possibility of identifying, and if necessary sanctioning, […]

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<!– Social media Button BEGIN Tweet –> <!– Original Tweet Button data-via=’utknightcenter’ Tweet –> As with the Panama Papers, Latin American journalists played pivotal roles in the management, reporting and editing of the global investigation known as the Paradise Papers, a reporting project led by the International Consortium of Investigative Journalists (ICIJ) that analyzes a […]

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The PANA Committee has published its final report, with nine key findings with regards to their delegation’s visit to Malta on 20 February this year. The nine findings are: -The delegation could meet with most of the relevant persons (Minister of Finances, tax authorities, Financial Intelligence Analysis Unit (FIAU), police …). However, Keith Schembri, Prime […]

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Mention offshore finance, and you might think of billionaire tycoons hiding their riches. Accounts in the British Virgin Islands or Panama seem especially sinister when hundreds of reporters spend months scouring 13.4 million documents, which are then given a cinematic-sounding name like the Paradise Papers. The reality, however, can be more banal and even legitimate. […]

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Reverberations from the Panama Papers were felt worldwide on Monday, with political leaders named in the disclosures angrily denying any wrongdoing while other governments launched official inquiries amid growing demands for reform of the whole offshore tax system. Revelations about the wealth amassed by Vladimir Putin’s inner circle prompted strong denials from the Kremlin. His […]

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Reverberations from the Panama Papers were felt worldwide on Monday, with political leaders named in the disclosures angrily denying any wrongdoing while other governments launched official inquiries amid growing demands for reform of the whole offshore tax system. Revelations about the wealth amassed by Vladimir Putin’s inner circle prompted strong denials from the Kremlin. His […]

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