Panama Papers

  • Blog post

    Criminal charges unsealed in Panama Papers leak

    2018-12-05T14:00:00Z

    U.S. prosecutors this week unsealed an indictment revealing criminal charges brought against four individuals for their alleged roles in a decades-long criminal scheme perpetrated by Panama-headquartered law firm Mossack Fonseca and related entities, the first charges brought in the United States connected to the Panama Papers leak.

  • Blog post

    Deutsche Bank offers more details on Panama Papers raid

    2018-12-03T12:30:00Z

    Deutsche Bank has provided more details on a two-day raid, in which German prosecutors searched several Deutsche Bank offices, in connection with the Panama Papers. The case also imparts some important compliance lessons.

  • Blog post

    Glencore receives subpoena from Department of Justice

    2018-07-03T14:15:00Z

    Switzerland-based Glencore Ltd, a subsidiary of Glencore plc, said Tuesday it received a subpoena on July 2 from the U.S. Department of Justice to produce documents and other records with respect to compliance with the Foreign Corrupt Practices Act and U.S. money laundering statutes.

  • Blog post

    Mossack Fonseca closing its doors

    2018-03-19T11:30:00Z

    Mossack Fonseca, the offshore law firm at the center of the Panama Papers investigation, announced that it will be closing its doors by the end of the month.

  • Blog post

    Swiss regulator sanctions Gazprombank in wake of Panama Papers

    2018-02-02T13:45:00Z

    Following revelations from the Panama Papers, Swiss regulators identified serious shortcomings in anti-money laundering processes regarding private clients at Gazprombank Switzerland and, thus, has banned it from accepting new private clients until further notice.

  • Blog post

    Paradise Papers: The sequel to the Panama Papers

    2017-11-05T22:45:00Z

    Dubbed the Paradise Papers, more than 381 journalists in 67 countries embarked on an effort of massive proportions to parse through 13.4 million leaked documents—many that mention some of the world's largest companies—revealing that the shady world of shell companies, offshore tax shelters, and secret trusts is far more prevalent ...

  • Blog post

    Car bomb kills ‘Panama Papers’ journalist

    2017-10-17T10:30:00Z

    Daphne Caruana Galizia, a relentless advocate for exposing the truth about corruption on the island of Malta and who helped expose its ties to offshore tax havens linked to the Panama Papers, has been killed in a car bombing.

  • Blog post

    Shell companies in the U.S.—beginning of the end?

    2017-07-11T11:45:00Z

    The Man From FCPA explores the issues surrounding shell companies and, in particular, money laundering enforcement.

  • Article

    Are shell companies a compliance nightmare?

    2017-05-09T10:45:00Z

    Deeply suspicious oil, gas, and mining deals that involve complex use of shell companies raise concerns over the use of shell companies themselves. They might be legal, but are they good compliance practice?

  • Blog post

    Deloitte poll: Panama Papers will cause financial crime enforcement to spike

    2016-08-25T10:30:00Z

    As the Panama Papers saga continues to unfold, global enforcement of financial crimes are expected to spike over the next year, according to a recent poll conducted by Deloitte Advisory. Jaclyn Jaeger reports.