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Midweek Roundup: Governments Promise More Action on Panama Leaks, Brazil’s Rousseff Vows to Fight Impeachment, and More
printThe European Parliament will consider a proposal on Thursday to form a special committee tasked with investigating allegations that a massive data leak from Panama City-based law firm Mossack Fonseca shows widespread abuse of offshore companies, EurActiv reported. More Foreign investors are increasingly using shell companies to purchase luxury real estate in the United States, according to the Washington Post, which cited data leaked from Mossack Fonseca. Limited liability companies purchased a majority of the property worth more than $3 million that was sold in the last quarter of 2015. More Sadiq Khan, the Labour party candidate in London's mayoral...
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The European Union imposed further sanctions on Syria, a revised peace agreement between Colombian officials and FARC separatists requires the rebels to disclose their assets, and more, in the midweek roundup.
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Switzerland will soon give U.S. tax officials data on HSBC's private banking operations in the country, British parliamentarians called for the FCA to be stripped of its authority to punish banks, and more, in the midweek roundup.
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Singapore's central bank revoked BSI Bank's license to operate in the city-state, about $11 billion in illegal proceeds derived from an estimated 23,000 crimes were transferred out of Russia last year, and more, in the midweek roundup.
JPMorgan Chase took steps to limit the number of employees with access to the bank's portal with Swift, North Korea has imposed new customer identification and suspicious activity reporting rules, and more, in the midweek roundup.
British regulators criticized Deutsche Bank AG for insufficiently verifying the identities of its clients, Sri Lanka will establish a panel to investigate possible misconduct by citizens whose names appear in the Panama Papers, and more, in the midweek roundup.
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