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Panama Papers


Germany finds no evidence of substantial breaches of money laundering rules by banks

FRANKFURT Germany has found no evidence of substantial breaches of money laundering rules by 11 of its banks named in the so-called Panama Papers, the country's financial watchdog Bafin said on Wednesday.

Germany's Federal Crime Office says it has Panama Papers

BERLIN Germany's Federal Crime Office(BKA) said on Tuesday it had obtained a copy of the leaked data known as the Panama Papers that last year revealed how offshore firms are used to stash the wealth of the world's rich and powerful.

Panama needs new anti-corruption laws to combat tax dodgers: panel

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.

Panama Papers dents new Panama incorporations, seen down 20 pct

PANAMA CITY The number of new companies incorporated in Panama is on track to drop around 20 percent this year following the massive leak of offshore financial data known as the Panama Papers, the government said on Thursday.

Exclusive: Stiglitz quits Panama Papers probe, cites lack of transparency

BUENOS AIRES The committee set up to investigate lack of transparency in Panama's financial system itself lacks transparency, Nobel Prize-winning economist Joseph Stiglitz told Reuters on Friday after resigning from the "Panama Papers" commission.

Panama Papers scandal to get Hollywood movie treatment

NEW YORK The Panama Papers financial scandal is going to Hollywood.

New Zealand sets up trust register to curb tax evasion, money laundering

WELLINGTON New Zealand said on Wednesday it will introduce a registry of foreign trusts that local tax and law enforcement agencies could use to investigate suspected money laundering and tax evasion.

Venezuela detains suspect linked to Panama Papers law firm

CARACAS Venezuelan authorities have arrested a representative of the Panamanian law firm Mossack Fonseca at the center of the Panama Papers scandal on accusations of seeking clients interested in investing "illicit funds", state prosecutors said.

IT worker at Panama Papers firm detained in Geneva, Le Temps reports

GENEVA A computer technician at the Geneva office of the law firm at the center of the Panama Papers leak was detained several days ago on suspicion of recently removing large amounts of data, Swiss newspaper Le Temps reported on Wednesday, citing a source close to the case.

Exclusive: Asian regulators ask banks to reveal Panama Papers' links - sources

HONG KONG/SINGAPORE Regulators in Hong Kong and Singapore have asked banks doing business there to disclose if they have dealings with entities and individuals named in the leaked 'Panama Papers', which contained details on thousands of shell firms, people familiar with the requests said.

French Senate decides not to pursue SocGen CEO over 2012 tax testimony

PARIS France's top Senate committee decided on Thursday not to pursue Societe Generale Chief Executive Frederic Oudea over allegations he misled France's upper house of parliament in 2012 regarding the French bank's activities in Panama.

French bankers try to reassure Senate over tax havens

PARIS Executives at Credit Agricole and BNP Paribas sought on Wednesday to convince lawmakers they were taking sufficient steps to prevent French customers from using blacklisted tax havens.

Australian PM Turnbull named in Panama Papers, denies wrongdoing

SYDNEY Australian Prime Minister Malcolm Turnbull on Thursday denied any wrongdoing after being been named in the Panama Papers as a former director of a British Virgin Islands company set up to exploit a Siberian gold prospect.

Indonesia tells 78 names mentioned in 'Panama Papers' to correct tax reports

JAKARTA Indonesia has started to probe the tax reports of 78 individuals after finding differences between their wealth reports and data from the "Panama Papers", the head of the country's tax office said on Thursday.

Panama, Lebanon among recent joiners of global tax info sharing deal: OECD

PARIS Panama, rocked by a recent major tax scandal, has joined around 100 countries in an agreement to share financial information automatically to tackle tax evasion, the Organization for Economic Cooperation and Development said on Wednesday.

Credit Agricole says wealth arm no longer managing offshore structures

PARIS French bank Credit Agricole said on Wednesday that it no longer managed offshore structures for its clients.

Crooks, terrorists, tax evaders: Can new shell company rule stop them?

NEW YORK The U.S. Treasury Department wants to go after money launderers, tax evaders and terrorists by cracking open the shell companies they use to hide cash flows, but critics say a new agency effort to identify them could be easily evaded.

New Panama leaks show offshore firm linked to associate of Ukraine's Poroshenko

KIEV A deputy director of Ukrainian President Petro Poroshenko's confectionery empire is a beneficiary of a company registered in the British Virgin Islands (BVI), according to new information from the leaked "Panama Papers".

Norway police sets up Panama Papers hotline, offers discounted sentence

OSLO Norway's white-collar crimes police unit on Tuesday established a telephone hotline for people seeking to confess to tax evasion linked to the Panama Papers documents leak and said those who come forward could expect more lenient treatment.

Dozens of Dutch tax officers investigating Panama leads

AMSTERDAM Several dozen tax officers in the Netherlands have started chasing leads on possible tax evasion after 250 Dutch offshore entities were named in the Panama Papers leaks, an official said on Tuesday.