October 16, 2021

Panama Paper law firm representative in Venezuela arrested

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From  Caribbean News Now CARACAS, Venezuela — Jannet Almeida, a local representative of the Panamanian law firm of Mossack Fonseca, which is at the center of the Panama Papers offshore scandal, has been arrested by Venezuelan authorities in Caracas. “The woman was in charge of seeking customers to invest illicit funds in outsourcing-type business arrangements,” the […]

OUR CARIBBEAN: Too silent on financial scandals

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By Rickey Singh, From Barbados Nation News IT IS not unusual for the governments of our Caribbean Community (CARICOM) to be publicly silent, for long periods, amid developments that require some form of practical attention in the interest of the public’s right to know. Therefore, let’s hope that soon, rather than too late, either from […]

New global rules on firms’ tax disclosure urged by economists

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From BBC New global rules forcing companies to report taxable activities country-by-country publicly have been called for by a group of 300 prominent economists. In a letter to world leaders, the group urges the UK to “take a lead” in the push for more tax transparency. Poor countries are the biggest losers from tax havens, […]

Overseas territories resist calls for concessions to end tax secrecy

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By Patrick Wintour Diplomatic editor and Luke Harding From The Guardian UK BVI and others say they will not sign up to public register to expose money launderers as Cameron prepares for key summit Key UK overseas territories led by the British Virgin Islands are still resisting David Cameron’s calls to make fresh concessions on ending tax […]

Japan’s offshore investors on edge as Panama Papers revelations spark Hong Kong clampdown

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By Reiji Yoshida From The Japan Times Hong Kong-based financial consultant Yoshimitsu Sasago is unsettled by developments since the recent leak of client data from a Panama-based law firm. Sasago has served Japan-based clients in Hong Kong for the past 10 years. Sometimes they ask him to provide a perfectly legal but somewhat tricky service: […]

ICIJ to release Panama Papers Offshore Companies Data

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By Marina Walker Guevara From International Consortium of Investigative Journalists The International Consortium of Investigative Journalists will release on May 9 a searchable database with information on more than 200,000 offshore entities that are part of the Panama Papers investigation. The database will likely be the largest ever release of secret offshore companies and the people […]

What the fallout from the Panama Papers means for business

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By Fraser Simpson From Financial Director The sprawling metropolis of Panama is known for its vibrant culture, tropical escapes and rich history, but now the South American hotspot is tangled in accusations of corruption, deceit and hiding billions in undeclared cash. The Panama Papers scandal is already being labelled as the biggest data leak in […]

Politicians must be squeaky clean

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By Paul Stainton From Peterborough Telegraph When you see beautiful images on the telly of sun kissed beaches in the British Virgin Islands, you think of palm trees and pina colada’s, not money laundering and safety deposit boxes. Adverts for Jersey, Guernsey and the Isle of Man rarely mention the companies that legally pretend to […]

Panama Papers law firm raided as global fallout grows

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From Caribbean News Now  PANAMA CITY, Panama — On Wednesday, Panamanian authorities conducted a 27-hour raid on the offices of Mossack Fonseca, the law firm at the centre of the “Panama Papers” leak of 11.5 million confidential documents, spanning four decades, which reveal how the rich and powerful hide money to avoid taxes. Meanwhile, governments around […]

Who will represent the firm behind the ‘Panama Papers’?

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By Nell Gluckman, From The Am Law Daily Mossack Fonseca, the Panamanian law firm whose internal documents fueled a year-long investigation into offshore hidden wealth by more than 100 news organizations, is unlikely to get out of this hole without some help. But the firm, which boasts over 500 staff in offices as far flung […]