The men were allegedly involved in the “decadeslong criminal scheme” carried out by Panamanian law firm Mossack Fonseca.
Two bank employees are suspected of helping clients set up offshore companies in tax havens to launder hundreds of millions of euros.
Like the other multilateral development banks, the Asian Development Bank has endorsed the Extractive Industries Transparency
Of the many foreign policy pots and pans left neglected on the next President's stove, the one marked "Ukraine" may be ready to boil over.
While cyber risk continues to dominate headlines keeping many a board room, state house and situation room awake at night, those responsible for the physical infrastructure and the machinery that keeps a modern economy whirling are in for some sleepless nights as well.
While corruption has been a defining characteristic of Armenian politics for decades, the summer 2015 Electric Yerevan protests revealed that Armenians are increasingly willing to participate in anti-corruption demonstrations.
Play ICIJ's new game and see if you can uncover Africa’s offshore empires
The Panama Papers show politicians and mining, oil and gas interests benefit from secrecy and dubious multimillion dollar transfers
There are few legal tools to punish wealthy tax evaders. Yet we can hope that revelations such as the Panama Papers leak and articles such as this one encourage them to bring at least some of their millions and use it both to decrease our tax burden and address global suffering.
Large denomination bills help facilitate the transfer and concealment of sizable amounts of money. Much of this illicit money can be stored offshore in international banks where it can be kept secure and hidden from the law.