Hong Kong

HSBC hit by U.S. 'princelings' probe and below-forecast profit

HSBC revealed it faces another potentially damaging U.S. investigation, this time over hiring people linked to government officials in Asia, which combined with below-forecast earnings led to a sharp fall in its shares on Monday.

22/02/16

Corruption Problem:

Tax Evasion

Money Laundering

Sector:

Banking and Finance

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Ex-Hong Kong leader charged with misconduct in public office

Hong Kong's former leader, Donald Tsang, was charged on Monday with two counts of misconduct in public office, the latest in a string of scandals that have ensnared senior business and former political figures in the financial hub. Tsang, 70, retired in 2012 after a high-flying career as a civil servant, serving as a senior official in the former British colonial administration and a former financial secretary.

05/10/15

Corruption Problem:

Corruption

Sector:

Executive/Government

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Why the top 10 tax havens don't include Panama

International organisations that investigate financial secrecy warn that Panama is not even in the top 10 countries with the least financial transparency

09/04/16

Corruption Problem:

Facilitating Tax Evasion

Sector:

Private Sector

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French firm owner denies Panama link

A french firm has denied allegations of moving money offshore

05/04/16

Corruption Problem:

Facilitating Tax Evasion

Sector:

Executive/Government

Private Sector

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Taxman gears up for Panama fallout

HM Revenue and Customs have confirmed that they have requested access to the leaked documents from Panamanian legal firm Mossack Fonseca

05/04/16

Corruption Problem:

Fraud

Facilitating Tax Evasion

Sector:

Private Sector

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Panama Papers

The Panama Papers is a global investigation into the sprawling, secretive industry of offshore that the world’s rich and powerful use to hide assets and skirt rules by setting up front companies in far-flung jurisdictions.

Based on a trove of more than 11 million leaked files, the investigation exposes a cast of characters who use offshore companies to facilitate bribery, arms deals, tax evasion, financial fraud and drug trafficking.

Corruption Problem:

Facilitating Tax Evasion