Mossack Fonseca

Mossack Fonseca founders Juergen Mossack and Ramon Fonseca, suspected of tax evasion and associating with criminals, will be arrested if they enter the European Union, German newspaper Sueddeutsche Zeitung reported late Monday.

US indicts four tied to money laundering at 'Panama Papers' firm

The four were affiliated with Mossack Fonseca, the law firm that helped thousands of clients around the world move money offshore to protect it from taxes.

HSBC discloses tax evasion probes in India, other countries

Global banking giant HSBC has disclosed being probed by tax authorities in India and several other countries, including against its Swiss and Dubai units, for allegedly abetting tax evasion of four Indians and their families.

To fight tax dodging, Denmark will buy leaked Panama Papers

Taxation minister Karsten Lauritzen said Denmark's Customs and Tax Administration had received an anonymous offer over the summer to acquire data from the so-called "Panama Papers" that could involve up to 600 people.

Stiglitz quits Panama Papers probe, cites lack of transparency

The leak in April of more than 11.5 million documents from the Panamanian law firm Mossack Fonseca, dubbed the "Panama Papers," detailed financial information from offshore accounts and potential tax evasion by the rich and powerful.

Panama firm demands prosecution of suspect in Switzerland

Mossack Fonseca yesterday said in a statement from its Panama headquarters that it had lodged complaints in several jurisdictions against people believed to be "involved in the theft of information that occurred in our company."

IT worker at Panama Papers firm arrested in Geneva: Report

The paper, citing a source close to the case, said the IT employee had been placed in provisional detention on suspicion of stealing a large haul of confidential documents.

Asian regulators ask banks to reveal Panama Papers' links

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

Australian PM Turnbull named in Panama Papers, denies wrongdoing

Turnbull and former New South Wales Premier Neville Wran joined the board of Australian-listed Star Mining NL in 1993. The company hoped to develop a AUSD 20 billion (USD 14.67 billion)Siberian gold mine called Sukhoi Log, according to the Australian Financial Review, which first reported the story.

Mossack Fonseca to start legal action over Panama Papers leak

The public gained its first access to the Panama Papers records of over 200,000 secret offshore companies when the ICIJ put a searchable database online earlier Monday.

Panama Papers database on shell companies goes online

The database, built on just a portion of the 11.5 million documents leaked from the Panama law firm Mossack Fonseca, reveals more than 360,000 names of individuals and companies behind the anonymous shell firms, the ICIJ said yesterday.

Panama Papers: New ICIJ data shows about 2,000 Indian links

"The International Consortium of Investigative Journalists (ICIJ) publishes today (Monday) a searchable database that strips away the secrecy of nearly 214,000 offshore entities created in 21 jurisdictions, from Nevada to Hong Kong and the British Virgin Islands.

Panama Papers report alleges NZ key place for rich to hide money

Pressure is mounting on Prime Minister John Key to take action after local media analysed more than 61,000 documents relating to New Zealand that are part of the massive leak of data from Mossack Fonseca, a Panama-based law firm. The papers have shone spotlight on how the world's rich take advantage of offshore tax regimes.

US issues rule requiring banks to identify shell company owners

The Customer Due Diligence (CDD) rule, in the works since 2012, and the proposed legislation are meant to hinder criminals from using shell companies to hide ownership and launder money, finance terror, and commit other threats to the global financial system.

Panama experts to recommend financial system cleanup

President Juan Carlos Varela called for the review after the "Panama Papers" leak suggested rich foreigners were using the accounts to hide their wealth.

Will cooperate with probe into Panama Papers: Amitabh Bachchan

"The government sent me a notice 10 days ago and I have replied to all the queries raised. I will continue to cooperate over any further information the government may need. We should allow the government to do its job," Bachchan said.

How a start-up helped crack the Panama Papers

Journalists with access to the vast trove of data used the firm's open-source database to make sense of 11.5 million documents, including emails, images and spreadsheets, leaked from Panamanian law firm Mossack Fonseca.

US opens criminal probe linked to Panama Paper revelations

The letter gave no information on the subject of the investigation, and was not a subpoena that would force the ICIJ to turn over any of the 11.5 million confidential documents leaked from Panama law firm Mossack Fonseca.

No conclusion can be drawn on Panama Papers leak case yet: RBI

RBI Deputy Governor S S Mundra, however, said that some "unverified assumptions" from government indicate that entities of most of the Indians associated with the leaks were opened in Panama under RBI's Liberalised Remittance Scheme (LRS) as per norms.

G20 embraces crackdown on tax havens, shell companies

A draft communique from the G20 finance ministers meeting in Washington endorsed a plan that would rip away the shield of secrecy for companies and individuals stocking assets offshore behind anonymous companies, a dramatic move that could put a deep dent in tax evasion, money laundering and illicit finance.

Panama warns France of blowback over tax haven listing

Following the Panama Papers reports showing how a Panama law firm helped wealthy people from France and other countries stash their assets in offshore companies, Paris last week put Panama back on its national list of Uncooperative States and Territories (ETNC), from which it had removed it in 2012.

Investigators visit Panama Papers law firm's office

Public ministry spokeswoman Sandra Sotillo said the visit to the offices of Mossack Fonseca yesterday was made by investigators from the intellectual property prosecutor's office.

Cong seeks Amitabh's ouster as 'Save Tiger' project ambassador

The Congress has demanded Bachchan's removal as the state's ambassador for the 'Save Tiger' project. Leader of Opposition in the Assembly has also asked for the actor's ouster from the International Finance Service Centre.

UK PM Cameron admits he benefitted from father's offshore fund

Downing Street have issued four statements on the affair this week following Sunday's publication of the leaked Panama Papers, which showed how Panama-based law firm Mossack Fonseca had helped firms and wealthy individuals set up offshore companies.

China largest market for Panama Papers law firm: ICIJ

The investigation found that relatives of at least eight current or former members of China's Politburo Standing Committee, the ruling party's most powerful body, have been implicated in the use of offshore companies.