News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Corruption has been a critical hurdle for Latin American countries, denting growth, weakening democracy and governance, and violating the rights of citizens. With governments under increasing financial strain and healthcare systems severely impaired by the pandemic, graft’s effects on society are amplified.… Continue Reading
As we approach the anniversary of the Financial Conduct Authority’s first published set of aggregated results, it’s a good time to review what that means for risk managers across the UK and Europe.… Continue Reading
U.S. prosecutors charged four men with tax evasion and fraud in schemes first revealed by the Panama Papers leaked from law firm Mossack Fonseca.
An indictment unsealed this week in the Southern District of New York charged the four with conspiracy to commit tax evasion, wire fraud, and money-laundering conspiracy.… Continue Reading
The law firm whose leaked files became known as the Panama Papers spent months after the leak trying to identify the real owners of thousands of shell companies the firm set up in offshore jurisdictions.… Continue Reading
During the first calendar quarter of 2018, there was a dramatic increase in enforcement actions globally involving allegations of bribery against heads of state. What’s behind the increase?
A report from TRACE International last month showed that 30 countries conducted 266 bribery investigations of foreign officials, while 82 countries conducted 218 bribery investigations of domestic officials.… Continue Reading
In mid-December EU lawmakers adopted amendments to the region’s 4th AML Directive that will bring more transparency and enforcement to the corporate world.
The intention is noble: to crack down on money-laundering, tax evasion, and other corporate corruption, as put on display by release of the Panama Papers in 2016.… Continue Reading
The law firm whose leaked files became known as the Panama Papers said it will shut down at the end of this month.
Mossack Fonseca said in a statement it will close because of “irreparable damage” to its reputation.… Continue Reading
I have decided to don my tin hat and stick my head above the parapets again. Why? Because for once common sense has prevailed and the anti-1% brigade have lost their argument for an open Public Register of Ultimate Beneficial Owners (UBOs) in the British Virgin Islands (BVI) and her sister islands in the Caribbean.… Continue Reading
An investigative journalist whose stories tied top politicians in Malta to allegations of corruption uncovered by the Panama Papers died in a car bomb Monday afternoon.
Daphne Caruana Galizia, 53, was killed when her car exploded while she was driving near her home in Bidnija.… Continue Reading
This month is the one year anniversary of the Panama Papers, a leak of 11 million documents from the Mossack Fonseca law firm that showed how easy it is for corrupt public officials, money launderers, drug traffickers and other criminals to hide behind anonymous companies and access the global financial system.… Continue Reading
The United States champions itself as a nation policing the rest of the world, preventing money laundering, tax evasion and foreign corrupt practices. Yet there is hypocrisy afoot.
When news of the Panama Papers scandal broke, my place of residence — the British Virgin Islands (BVI) — came under extreme pressure and scrutiny.… Continue Reading
It comes as no surprise that the authorities appear to have caught up with Mossack Fonseca’s founders, Jürgen Mossack and Ramon Fonseca, who were arrested last month in Panama City and the firm’s offices raided.… Continue Reading