JFSC action taken re Mossack Fonseca
From Offshore Bankers Since the initial publication of the Panama Papers, the JFSC) has been closely monitoring developments and any relevant connections between Jersey financial services practitioners and the PanJersey Financial Services Commission (amanian firm Mossack Fonseca or any other…
Moral of the story [“More white beaches such as Cayman Islands”]
By Bill Ralston In Life From New Zealand Listener Whatever the technicalities of foreign trusts might be, the very smell of the things wrinkles our noses. I wish I had a secret trust in a tax haven somewhere. Of course,…
Tax Havens in the Imperial Network
By Tony Norfield “We don’t pay taxes. Only the little people pay taxes.” —Leona Helmsley The motto of the ineffable billionairess came to mind recently with the publication of the Panama Papers. This huge set of files leaked from a Panamanian…
Cayman Islands’ minister concerned about initiatives in the EU
From TPA Global At the European Parliament’s TAXE2 Committee meeting in Brussels, the Cayman Islands Financial Services Minister Wayne Panton defended the position of the Cayman Islands and “enlightened” EU officials about country’s tax system. The minister also expressed concerns…
Hong Kong urges greater AML and KYC effort after Panama leak
By Monira Matin From International Adviser Banks and financial institutions in Hong Kong must “strictly comply” with existing money laundering laws requiring them to disclose the identities of their customers and what they intend to do with their money. The…
ICIJ to release Panama Papers Offshore Companies Data
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…
Australia: Corporate tax avoiders to be fast-tracked through courts, says ATO
By Heath Aston From The Sydney Morning Herald The Australian Tax Office is close to striking a deal with the Federal Court to fast-track large corporate tax cases that have dragged on for years. Tax Commissioner Chris Jordan said the ATO…
Panama law firm worked for Venezuelan agent incarcerated in US prison
By Kenneth Rijock From Caribbean News Now MIAMI, USA — The lengthy press releases published by Panama law firm Mossack and Fonseca at the centre of the massive Panama Papers data leak, claiming that its customer identification procedure and compliance…
Scotland: Nicola Sturgeon urged to drop economic adviser Jim McColl in wake of Panama Papers row
By Tom Gordon, Scottish Political Editor From heraldscotland NICOLA Sturgeon is facing calls to drop her tax-exile economic adviser Jim McColl in the wake of the Panama Papers furore. Opposition parties said it was “absurd” that the Monaco-based billionaire was…
Panama Papers law firm raided as global fallout grows
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,…
