Authorities in the United States have more information about library card holders than the owners of registered companies and this bipartisan group of U.S. senators wants to change that.
Allowing the owners of shell companies to hide their identities from United States authorities constitutes a “significant loophole” in the country’s ability to tackle money laundering and illicit financing, a senior FBI official.
Prosecutors, police and tax inspectors in Germany have raided the offices of dozens of banks, financial advisers and wealthy individuals as part of a criminal probe into Germans suspected of tax evasion.
Whistleblowers who leak information to journalists, or reveal unlawful behavior, are a step closer to improved legal protections across Europe.
The Panama Papers fallout continues in Pakistan, where a provincial minister was arrested as part of an investigation into his offshore company.