Panama papers

Paris Police Hunt Gunman Following Attacks At Newspaper And Bank

Societe Generale says it obeys all rules fighting tax evasion and fraud

Societe Generale said that it stood by all the rules of its operating nations. The bank confirmed that it no longer detained any establishments in the process in the Non-Cooperative Countries and Territories.

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Iceland's Prime Minister Under Pressure To Resign After 'Panama Papers' Detail Offshore Holdings

Draft of EU Anti-Tax Evasion Law is Under Pressure after Panama Leaks

Advocacy groups heavily criticized the draft as it allows company to hide their activities. Meanwhile, Iceland Prime Minister has resigned following protest over Panama leaks.

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PANAMA-PAPERS-MOSSACK-FONSECA

Austrian Financial Market Regulator to Investigate Two Banks over Panama Papers Leak

FMA of Austria will investigate Raiffeisen Bank International and Hypo Landesbank Vorarlberg. The Austrian banks were named in Panama Papers in helping money laundering scheme.

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Nordea Bank AB Chairman Bjoern Wahlroos Interview

Scandinavian FSAs Summon Banks To Explain Their Accounts Against Panama Papers’ Allegations

Nordea Bank of Sweden and DNB ASA of Norway, largest lenders of the respective countries, have been accused of aiding in tax dodging by the leaked ‘Panama Papers’. DSAs of the respective countries have summoned them to explain their roles over the allegations. However, both the banks have denied any wrongdoing while reiterating commitments for upholding laws.

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PANAMA-ASSETS-REVELATIONS

‘Panama Papers’ Under Lens of The US Justice Department

The US Justice Department considers any credible allegation for violation of Federal Laws under its geographical territory very seriously. The department has been conducting its war against corruption through seizing assets related to illicit activities. Following leak of ‘Panama Papers’, it has been reviewing documents related to tax dodging through offshore accounts.

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Russian Businesses And Retail Stores In Cyprus

Cyprus-based RCB rules out unsecured loans

Cyprus-based lender RCB has denied reports of extending unsecured loans. Latest British media reports turned spotlight on alleged role of RCB in providing unsecured loans to people close to Vladimir Putin, President of Russia. Cyprus Central Bank said it was probing into the issue.

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