Two years before his arrest in Miami, Andrew Alturo Fahie pledged to pull back the curtain on the islands' notoriously secretive financial services industry.
The French star is accused of concealing a hefty donation from a Senegalese businessman and using an offshore company to funnel more than 100,000 euros to an unknown beneficiary.
The Tax Justice Network singled out lax trust laws as a major drawback to financial transparency reforms in its biennial report, calling on G-7 nations to commit to creating a global asset register.
What’s an oligarch? How do sanctions work? What have ICIJ investigations revealed about Vladimir Putin and his money? We answer frequently asked questions about Russia and offshore finance.
Alexei Mordashov, one of Russia’s richest tycoons, transferred most of his ownership stake in tourism conglomerate TUI to a Caribbean shell company controlled by the mother of his children.
Tax Justice Network ranks OECD members and British overseas territories highest in its 2021 corporate tax haven index, advocating for the UN to set standards instead.
The territory, whose shell companies have repeatedly played a role in notorious global crime schemes, also may be blacklisted by the EU after the Brexit deal.
Paradise Papers revealed the suspected radical, a Viennese entrepreneur, was listed as the director of shell companies in the British Virgin Islands, Malta, and the Bahamas.
The territory’s secrecy rules have long attracted criminals and secretive companies created there have featured in several ICIJ investigations on offshore finance.
The U.K. will force its overseas territories, including some well-known corporate secrecy havens, to reveal the names of company owners in these locations.
The $440,000 penalty followed a six-month investigation which included on-site compliance inspections and the appointment of an officer to monitor Mossack Fonseca's operations.