Money Laundering

World football rocked by U.S., Swiss arrests of officials for graft

The world's most popular sport was plunged into turmoil on Wednesday as seven senior football officials were arrested on U.S. Corruption charges and faced extradition from Switzerland, whose authorities also announced a criminal investigation into the awarding of the next two World Cups.
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Sector: European Parliament Begins Panama Papers Inquiry

The European Parliament's Committee of Inquiry into Money Laundering, Tax Avoidance, and Tax Evasion (PANA) held its first full meeting on September 27. It consists of 70 members, including a chair and four vice chairs. It will investigate alleged contraventions and maladministration in the application of European law with respect to Money Laundering, Tax Avoidance, and Tax Evasion by the European commission or member states.

Man arrested as part of €2.8 million money laundering investigation

A 28-YEAR-OLD MAN has been arrested this morning as part of an investigation into Money Laundering of €2.8 million. Gardaí from the Garda National Economic Crime Bureau, which is part of the fraud division, arrested the man at a house on the northside of Dublin.
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Panama Papers: Son of a man who killed Emmett Till named in latest leak

The latest release of the Panama Papers includes the name of a Mississippi businessman whose father killed 14-year-old Emmett Till - one the most high-profile racialized killings in the pre-Civil Rights US.

Panama Papers: Journalists publish leaked data online despite legal threats

The International Consortium of Investigative Journalists (ICIJ) made data on 200,000 entities available on its website on Monday evening. They contain basic corporate information about companies, trusts and foundations set up in 21 jurisdictions including Hong Kong and the US state of Nevada. The data was obtained from Panamanian law firm Mossack Fonseca, which said it was hacked.

Panama businessman considered 'world's top money-launderer' arrested by US authorities

US authorities announced the arrest a prominent businessman for running a large scale money-laundering operation connected to international drug traffickers. In coordination with the US Department of the Treasury, Colombian police arrested Nidal Waked, who they accuse of leading The Waked Money Laundering Organisation (Waked MLO) with his uncle Abdul - who are now designated “Specially Designated Narcotics Traffickers”
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Sector: Denmark To Acquire Panama Papers Data

The Danish tax authority has confirmed that it intends to purchase information leaked from Panamanian law firm Mossack Fonseca. Danish Tax Minister Karsten Lauritzen announced in a statement on September 7 that the tax agency had been given permission to acquire the "Panama Papers" data following "broad political support" for the move.
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Sector: Australia Carries Out Panama Papers Tax Investigations

In response to analysis of data leaked as part of the Panama Papers, Australia's Serious Financial Crime Taskforce (SFCT) has carried out a "week of action" against those suspected of Tax Evasion.
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Australian AI spots dodgy deals that look like money laundering

WHEN it comes to following the money, the authorities have their work cut out. Every year, criminals are thought to launder more than $1.5 trillion worldwide. Which is why Australia's financial intelligence agency is turning to AI for help. In Australia, the scale of the problem could amount to some US$4.5 billion annually.
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Sector: Experts Urge Clarity On UK Rules On 'Enabling' Tax Avoidance

The introduction of new UK penalties for "enablers" of defeated Tax Avoidance schemes must not prevent taxpayers from accessing "honest, impartial advice on the law," John Cullinane, Tax Policy Director of the Chartered Institute of Taxation (CIOT), has said.


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