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Offshore finance
All the latest news on offshore finance. Browse the ICIJ’s complete collection of articles and commentary on offshore finance.
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Aug 12, 2022
Former Czech PM Babis is under investigation for alleged money laundering over deal exposed by the Pandora Papers
French financial authorities are looking into Andrej Babis’ acquisition of a lavish property on the French riviera through offshore companies ー a $22 million deal first revealed by ICIJ and media partners.
Aug 02, 2022
Shakira’s alleged tax fraud aggravated by use of tax havens, Spanish prosecutors say
ICIJ’s Paradise Papers and Pandora Papers investigations had previously exposed the popstar’s web of shell companies in offshore jurisdictions.
Jul 13, 2022
As Sri Lanka’s ruling Rajapaksas flee, Pandora Papers reveal ties to UAE properties
With furor over the powerful family’s riches at a fever pitch, foiled escape to Dubai spotlights special relationship to the emirate.
Jun 27, 2022
‘Delaware is everywhere’: how a little-known tax haven made the rules for corporate America
In his new book “What’s the Matter with Delaware?” former Financial Times reporter Hal Weitzman explores the tiny state’s massive role in global financial secrecy.
Jun 06, 2022
How Russia’s ‘richest’ lawmaker used his partner’s secret companies to own two yachts and a Seychelles villa
Paradise Papers reveal how billionaire Andrei Skoch financed the acquisition of luxury assets including a yacht now targeted by U.S. sanctions, while offshore law firm Appleby disregarded his alleged ties to Russian criminal groups.
May 17, 2022
US lands top spot as world’s biggest enabler of financial secrecy in new index
The Tax Justice Network singled out lax trust laws as a major drawback to financial transparency reforms in its biennial report, calling on G-7 nations to commit to creating a global asset register.
May 03, 2022
The inside story of how the Offshore Leaks Database became a go-to resource on offshore finance
A magic pill, a mysterious hard drive, a masterful data and tech team — the database was the result of tense decisions, a bit of luck and a lot of work.
May 03, 2022
ICIJ publishes final batch of Pandora Papers data on more than 9,000 offshore companies, trusts and foundations
The Offshore Leaks Database spans five different leaks, and now includes information on offshore companies, foundations and trusts from seven offshore service providers from ICIJ’s latest investigation on the use of tax havens.
May 02, 2022
Kinahan drug cartel enforcer owned a website that named and shamed criminal “rats”
Leak reveals sanctioned money launderer John Morrissey set up offshore companies and sought to open Panamanian bank accounts tied to the site.
Apr 23, 2022
How a ruthless Irish gang found a home away from home in Dubai and an enemy in the White House
Documents leaked to ICIJ tie the Kinahan organized crime cartel to companies and enablers in the Middle East’s top secrecy haven.
Apr 20, 2022
Engulfed by economic collapse and mass protests, Sri Lanka’s Pandora Papers probe stalled
As President Gotabaya Rajapaksa faces calls to resign, a government inquiry into the hidden wealth of members of the ruling family prompted by ICIJ reporting is delayed.
Apr 20, 2022
ICIJ’s guide to Russian wealth hidden offshore
What’s an oligarch? How do sanctions work? What have ICIJ investigations revealed about Vladimir Putin and his money? We answer frequently asked questions about Russia and offshore finance.
Apr 01, 2022
Are oligarchs hiding money in US real estate? Ownership information is a missing link, research says
As lawmakers propose unmasking those purchasing New York property through LLCs, recent analysis finds shortcomings in federal oversight of money laundering in the housing market.
Mar 22, 2022
Pandora Papers shed light on $1.4 billion Russian sanctions mystery
Alexei Mordashov, one of Russia’s richest tycoons, transferred most of his ownership stake in tourism conglomerate TUI to a Caribbean shell company controlled by the mother of his children.
Mar 20, 2022
Burger King holds a quiet stake in its Russian franchisee even as it publicly distances itself, leaked records show
The fast-food giant is a partner in a Cyprus-registered joint venture with VTB Bank, known as Putin’s “piggy bank,” that shuffled money to and from an anonymous shell company in Seychelles.
Mar 08, 2022
ICIJ announces the Russia Archive, an inside look at the hidden wealth of oligarchs and elites close to Putin
For a decade, ICIJ has revealed the financial secrets of Russia’s most powerful people. Our team is mining millions of leaked files for new revelations.
Mar 02, 2022
How a network of enablers have helped Russia’s oligarchs hide their wealth abroad
Elites close to Vladimir Putin have funneled billions through tax havens to evade scrutiny and oversight. Lawyers, proxies and bankers across the world made it possible.
Jan 28, 2022
From Banksy to Picasso, offshore world awash in valuable art
The Pandora Papers reveal more than 1,600 works of art secretly traded through tax havens.
Jan 24, 2022
Web of corruption around Isabel dos Santos still being untangled two years after Luanda Leaks
The Pandora Papers shed new light on the offshore dealings of powerful figures close to Angola’s former president who were recently sanctioned by the U.S.
Dec 08, 2021
Ecuador president survives removal effort by national assembly following Pandora Papers revelations
The country’s legislature voted to request to question Guillermo Lasso about his offshore dealings, while the comptroller’s office has dropped its probe
Nov 19, 2021
Nearly $500 billion lost yearly to global tax abuse due mostly to corporations, new analysis says
The State of Tax Justice 2021 report highlights the role of wealthier countries like the U.S. in draining global tax revenue — an issue under discussion by policymakers after the Pandora Papers.
Oct 05, 2021
As a poisoned town sought justice, top chemical giant executive moved millions to tax havens
Leaked records show Bernard de Laguiche stashed Solvay shares in offshore accounts as the company faced water contamination claims in Italy and the US.
Oct 04, 2021
Watch: An unprecedented leak exposes the inner workings of a shadow economy
ICIJ's 2021 investigation, the Pandora Papers, reveals how the offshore money machine operates in every corner of the planet, including the world’s largest democracies.
Oct 04, 2021
How America’s biggest law firm drives global wealth into tax havens
Baker McKenzie has been a pioneer in corporate tax dodging. It now acts for notorious tycoons, arms makers and authoritarian regimes operating in the shadow economy.
Oct 03, 2021
Prime Minister Imran Khan promised ‘new Pakistan’ but members of his inner circle secretly moved millions offshore
Leak shows a key ally tried to bypass tax authorities and political and military elites bought luxury apartments and set up shell companies.
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