panama papers

Panama Needs New Anti-Corruption Laws To Combat Tax Dodgers

By Hugh Bronstein Nov 21 – Panama can remain a competitive financial center while cracking down on tax evaders and other criminals who have used the country to launder money, according to the panel formed by the government after the “Panama Papers” scandal broke in April. The five-member “Committee of Independent Experts”, including a former

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Pakistan Opposition Leader Khan Admits Using Off-Shore Company

ISLAMABAD, May 14- Pakistani opposition leader Imran Khan, who tried to oust Prime Minister Nawaz Sharif in a row over offshore wealth, has acknowledged using an off-shore company to avoid paying British tax on a London property sale. Analysts say the admission is likely to ease the pressure on Sharif’s government from a Panama Papers

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Pakistan PM to Address Parliament After Opposition Boycott Over Panama Leaks

By Mehreen Zahra-Malik ISLAMABAD, May 10 – Pakistani Prime Minister Nawaz Sharif will appear before parliament to answer questions on the Panama Papers leak that linked his family to offshore wealth, an official said on Tuesday, after lawmakers walked out of the assembly. Leaked documents from the Mossack Fonseca law firm in Panama last month

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Panama Papers Source Breaks Silence, Denies Being a Spy: German Newspaper

BERLIN, May 6 – Sueddeutsche Zeitung said on Friday that the source of millions of documents leaked to the German newspaper from Panamanian law firm Mossack Fonseca had sent them a manifesto, saying his motivation was the “scale of injustices” the papers revealed. The source had never before publicly stated why he leaked the documents,

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Africa’s Loss Confirmed by Panama Papers

BY Carlos Lopes The recent revelation by the Panama Papers reaffirms the efforts of many Africans, over the past few years, to draw the attention of world leaders and policy-makers to the catastrophic effects of illicit financial outflows (IFFs) bleeding the continent. The Panama Papers confirm two major facts: First the existence and wide practices of

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Pakistan’s Khan Sees Panama Papers as Second Chance to Oust PM

By Mehreen Zahra-Malik and Asad Hashim ISLAMABAD, April 24 – Pakistani opposition politician Imran Khan is leading a party rally on Sunday to rail against Prime Minister Nawaz Sharif, seizing on the Panama Papers leak linking Sharif’s family with offshore wealth as a second chance to unseat the leader. Former cricket hero Khan, who staged

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Panama Seizes Mossack Fonseca Files, Makes No Arrests

PANAMA CITY, April 14 – Panamanian authorities seized scores of digital files after a 27-hour raid on the offices of Mossack Fonseca, the law firm at the center of the “Panama Papers” leaks scandal, but have made no arrests, officials said on Wednesday. The government said it was seeking evidence of any illegal activities at

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Panama Raids Offices of Mossack Fonseca Law Firm

PANAMA CITY, April 13 – Panama‘s attorney general late on Tuesday raided the offices of the Mossack Fonseca law firm to search for any evidence of illegal activities, authorities said in a statement. The Panama-based law firm is at the center of the “Panama Papers” leaks scandal that has embarrassed several world leaders and shone

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U.K. PM Releases Tax Records After “Panama Papers” Storm

By Paul Sandle LONDON, April 10  РBritish Prime Minister David Cameron published his tax records on Sunday in an attempt to draw a line under questions about his personal finances raised by the mention of his late father in the Panama Papers for setting up an offshore fund. The revelations have led to demands

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Panama to Form Commission to Review Financial Practices

By Christine Murray and Elida Moreno PANAMA CITY, April 6 – Panama said on Wednesday it would form an independent commission to review the country’s financial practices following the leak of information from a local law firm that has embarrassed a clutch of world leaders. “The Panamanian government, via our foreign ministry, will create an

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