Swiss banks in the spotlight as Panama fallout continues
Switzerland’s financial institutions must clamp down on money laundering, the country’s financial watchdog FINMA has warned.
Panama Papers
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What do the ‘Panama Papers’ mean for offshore tax havens?
In the wake of the biggest financial data leak in history, which uncovered the controversial tax arrangements of the rich and powerful, our industry experts give their views on what the Panama Papers means for their offshore jurisdictions.
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FCA gives banks one week to reveal any ‘Panama Papers’ link
The Financial Conduct Authority (FCA) has given banks and financial institutions until next week to declare any links to Mossack Fonseca, the law firm at the centre of the ‘Panama Papers’ controversy.
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Panama president vows to improve transparency with ‘panel of experts’
In a televised address, president Juan Carlos Varela has said that Panama will create an international ‘panel of experts’ to help improve transparency in its offshore financial industry, in the wake of the ‘Panama Papers’ scandal.
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Panama papers claim first scalp
The political fallout of the leaked Panama Papers surged ahead as Iceland’s prime minister became the first global government casualty and David Cameron found himself under intense scrutiny.