Gregory Elias denies allegation Panama Papers
THE HAGUE - Gregory Elias, who acts as an advisor for the wealthy Dutch who wants to hide their capital for the tax services, emphatically denies that he has frequently used Panama’s company, Mossack Fonseca. According More...
Panama refuses to cooperate with Malta in Panama Papers scandal
MIAMI - Tax authorities in Malta have announced that the government of Panama has declined to assist them in their investigations into tax evasion initiated following information released by journalists in the Panama More...
Panama’s attempts at Panama Papers damage control fall short
MIAMI - The government of Panama, anxious to show the financial world that it is engaged in meaningful reform, has announced that it is adopting the recommendations of the controversial independent committee that More...
Panama Papers leak has ‘enormous’ financial impact
WASHINGTON - Over the past eight months, governments have reported using the leaked Panama Papers files to help recoup or seize tens of millions of dollars in unpaid taxes or other assets, including more than $80 More...
Panama Papers law firm fined $440,000 by BVI regulator
ROAD TOWN - The British Virgin Islands independent regulator, the Financial Services Commission (FSC), has fined the local arm of the Panama Papers law firm, Mossack Fonseca, $440,000 for its contravention of numerous More...
Essential issues will be avoided, warns American former member of Panama Papers committee
MIAMI - Joseph Stiglitz, the sole American member of the financial reform commission in Panama, more commonly known as the Panama Papers Committee, resigned recently, when he saw Panama's overbearing influence in More...
Panama Paper law firm representative in Venezuela arrested
CARACAS - Jannet Almeida, a local representative of the Panamanian law firm of Mossack Fonseca, which is at the center of the Panama Papers offshore scandal, has been arrested by Venezuelan authorities in Caracas. "The More...
Venezuela and Panama to launch Panama Papers inquiry
CARACAS - The attorney general of Venezuela has announced an unprecedented joint investigation with their Panamanian counterparts to probe individuals suspected of wrongdoing after their names surfaced in the Panama More...
Corrupt local officials ignored DEA evidence against Panama Papers law firm in 2009
MIAMI - The money laundering and tax evasion operations conducted for clients by the so called Panama Papers law firm of Mossack Fonseca were an open secret in Panama City, but local law enforcement agencies and More...
How banks de-risking can undermine development
The Panama Papers may have cast a glaring light on the risky side of international banking, but another trend has been unfolding that also carries potentially grave consequences for global finance and development. Some More...
