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.
Karlijn Kuijpers, a freelance investigative journalist in the Netherlands, talks about her reporting that has taken a detailed look at the impact of corporate behavior — and it has made uncomfortable reading for some in her home country.
There is an immediate increase in offshore incorporations when governments crack down on organized crime, according to a report based on Panama Papers data.
The expansion of a list of jurisdictions linked to money laundering or terrorist financing has attracted criticism from some of the included countries.
The first person arrested in the United States in relation to the Panama Papers has pleaded not guilty before a New York court. Read the emails, letters, and invoices involving the accused.
The investigation is focused on whether Germany’s biggest bank helped clients set up offshore accounts to transfer money from criminal activities.
There was an 800 percent spike in disclosure after the offshore secrecy investigation.