Using multiple data sources, this report finds that there is  no data available on the real owners of more than half of the 44,022 land titles owned by overseas companies in London whilst nine out of ten of these properties were bought via secrecy jurisdictions, such as those named in the Panama Papers. This lack […]

The Nationalist Party has asked the government to explain how a Maltese passport was sold to a Vietnamese MP when she is a politically exposed person, and when holding a Maltese passport breaks that country’s law. In a statement, the PN noted that on Sunday, MP and businesswoman Nguyen Thi Nguyet Huong, 46, was suspended […]

THE UK’S RISK-BASED APPROACH TO THE “POLITICALLY EXPOSED PERSONS” REGIME – SECTION 30 OF THE BANK OF ENGLAND AND FINANCIAL SERVICES ACT 2016 The Bank of England and Financial Services Act 2016 (the “Act”) paves the way for a more risk-based approach to the Politically Exposed Persons (“PEPs”) regime in the UK, in response to […]

HSBC has been asking all politically exposed persons to disclose their sources of funds, after the bank tightened anti-money laundering rules ever since its Swiss operations came under the glare of regulators and multiple governments HSBC Bank Malta was fined €40,000 by the Maltese financial intelligence analysis unit, for failing to conduct proper due diligence […]

A former French budget minister will appear in court on charges of tax fraud and money laundering that forced him to dramatically resign three years ago in the first political scandal under President Francois Hollande. The trial of Jerome Cahuzac, once a champion in the fight against tax evasion, starts Monday afternoon in the main […]

In a little over two years tough new legislation designed to combat money laundering and terrorist financing will be introduced across Europe. The fourth money laundering directive, which replaces the third directive, was agreed in December 2014 following a deal struck between the European Parliament and the European Council. Despite the legislation not taking effect […]

Cyprus’s former interior minister and his son were jailed in Greece on Wednesday for helping a leading Greek politician take millions of euros in kickbacks from arms deals, according to court officials and documents. Dinos Michaelides and his son Michalis were found guilty of money laundering and each sentenced to 15 years in prison, court […]

Former Prime Minister of Mauritius Navin Ramgoolam is set to be released on bail Saturday evening following a decision of court after a bail motion was heard on the same day. The magistrate of the Bail and Remand Court in the capital Port- Louis gave a ruling granting bail to Ramgoolam for a surety of […]