Reuters: Panama Papers probes opened, China limits access to news on leaks
Authorities across the globe have opened investigations into the activities of the world's rich and powerful after a cache of leaked documents from a Panamanian law firm showed possible wrongdoing using offshore company structures.
The "Panama Papers" have cast light on the financial arrangements of high profile politicians and public figures and the companies and financial institutions they use for such activities. Among those named in the documents are friends of Russian President Vladimir Putin and relatives of the leaders of China, Britain, Iceland and Pakistan, and the president of Ukraine.
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MIDDLE EAST
Syrian army presses ahead with offensive against ISIS. Islamic State suffers more reversals in Syria.
Destruction, razed monastery left behind by IS in Syria town.
Syria monitor: hardline rebels shoot down warplane south of Aleppo.
Syria war: IS 'used mustard gas' on Assad troops.
Iraqi forces enter IS-held Hit, thousands flee fighting.
Iraqi forces kill 150 Islamic State fighters near Fallujah, Army says.
Kurdish military leader supports Sunnis in quest to oust Islamic State.
Turkey hits PKK targets in Iraq: military.
Turkey 'detains dozens' in new sweep against Erdogan foe supporters.
Saudi Arabia pushes austerity to mitigate latest oil woes.
ASIA
Afghan warlord changes his conditions for peace with Kabul.
North Korea releases video showing rocket attack on presidential building in Seoul, warning 'everything will be turned to ashes'.
China restricts North Korea trade over nuclear tests.
Rights groups slam Thailand junta order granting policing powers to military.
Myanmar parliament approves Aung San Suu Kyi 'PM-like' role.
Vietnam warns of dire impact from planned Mekong dams.
Pakistan and Afghanistan join forces to wipe out polio.
John Kerry to make historic visit to Hiroshima memorial.
Helen Clark, former New Zealand PM, enters race for UN secretary general.
AFRICA
AU mission says several al Shabaab commanders killed in Somalia.
Former militiamen attacked a military position and burned police stations in the Republic of Congo's capital early Monday.
Final results: Republic of Congo's president is re-elected.
Algerian army kills four Islamists near Tunisian border.
Food gap widens in conflict-stricken South Sudan – UN assessment.
Italy warns Egypt it expects truth about death of student.
South African president Jacob Zuma faces impeachment vote. South Africa debates impeachment of Jacob Zuma over Nkandla.
EUROPE
Parties to Nagorno-Karabakh conflict reach agreement to cease hostilities. Nagorno-Karabakh Army says received order to stop fire.
Panama Papers: Iceland president blocks embattled PM's snap election call. Panama Papers: Iceland prime minister seeks early poll.
EU, Greece processing detainees ahead of next deportations.
Half a million migrants who have arrived in Germany in the last 18 months have failed to register with authorities 'and are either working illegally or engaged in criminality'.
Ukraine: Conflict brings hunger crisis.
Ukraine's fiscal service will look into President's offshore assets.
Putin orders creation of National Guard to fight terrorism, organized crime.
AMERICAS
Panama rejects money-launder label following documents leak.
“Venezuela” shows up on 241,000 documents in the Panama Papers.
Donald Trump would 'cut off cash to Mexico' to pay for border wall.
Brazil attorney general makes final plea against Rousseff impeachment. No cabinet reshuffle before Brazil impeachment vote: Rousseff.
Leaked UN report faults sanitation at Haiti bases at time of cholera outbreak.
U.S. trade deficit widens, but rising exports offer hope.
California, New York enact US-highest $15 minimum wages.
TERRORISM/THE LONG WAR
ISIS use images from Call Of Duty video game depicting the fall of the Eiffel Tower as they threaten London, Berlin and Rome in latest propaganda video.
IS Central Asian recruitment drive a family affair.
US will 'hunt' ISIS chief, 'he will taste justice,' colonel vows.
ECONOMY/FINANCE/BUSINESS
Credit Suisse, HSBC dismiss 'Panama Papers' tax avoidance allegations.
IMF Chief urges cooperation to boost global growth.
BP ordered to pay $20bn over 2010 oil spill.
Emerging economies affect global financial changes, warns IMF.
1 comment:
When the US negotiated with UBS over its punishment for some fraudulent activity part of the deal was to have UBS provide confidential information on its US depositors in Switzerland. To be fair to the US citizens, and probably to reduce detective work, they gave those who had foreign shore accounts with UBS the opportunity of voluntarily coming forward and re-filing previous tax returns that "may" have contained "errors".
Tax accountants and lawyers were swamped at that time with requests to have previous returns amended and refiled. I imagine the US information was held back from the Panama Papers to enable similar accommodations.
I assume the middle man involved in the investigation is not the only entity doing such work and that there is much more scrambling going on behind the scenes.
This raises the question of what is all this money funding and what the repercussions will be if the money, related to tax fraud and other criminal activities, is repatriated back to wherever it came from.
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