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The Sixth Round of Panama Papers Coverage

In the wake of the Panama papers, the UK revenue collection agency (HMRC) is consulting on a possible corporate offence of failure to prevent the criminal facilitation of tax evasion. One immediate problem I foresee is the offence’s remoteness from the actual harm. The corporate body is not being charged as the principal offender (the […]

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Fifth Round of Panama Papers Coverage

Modigliani’s Man Seated with Cane was seized after the Panama papers revealed its current owner’s real identity. The painting was allegedly looted by the Nazis and the descendants of the original owner have been fighting to get it back. Famous (or infamous) Nigerian evangelist TB Joshua is named in the Panama papers Bradley Birkenfeld, who […]

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The Fourth Round of the Panama Papers Coverage

Geo-politics meets the Panama papers: an EU official is threatening Panama with sanctions unless it gets tough on money laundering and cooperates with investigators. Another geo-political effect is to hand Japan a stick to beat China with. In particular the Japanese are gloating over the fact that there are precious few Japanese names and a […]

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Third Round of Panama Papers Coverage

The alleged fraudsters behind a Kenyan pyramid scheme (and their lawyers) are named in the Panama papers. The Panama Papers have not only embarrassed Chinese leaders, they’ve also posed a red-hot challenge to the Chinese anti-corruption campaign because they fuel perceptions that the campaign is full of double standards and is a veiled political purge. […]

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A Second Round of Panama Papers Coverage

The first head to roll over the Panama Papers is literally the head of a government as Iceland’s Prime Minister resigns. Another head- this time the head of FIFA- has been dragged through this Panama paper canal. His role is under scrutiny as the papers reveal the murky world of rights trading for major football […]

Shelling out companies

A recent amendment to the companies registration form will demand more detail about the physical address and number of employees of any company seeking registration in a bid to weed out shell companies that have been used to defraud the government through procurement abuses. Its a good move, but remember that Kenya’s anti-money laundering efforts […]

The Panama Papers, Kenya and Money Laundering

Recently millions of documents belonging to the law firm Mossack Fonseca were leaked to a German Newspaper. You may not know Mossack Fonseca, but Vladmir Putin knows Mossack Fonseca- or at least his close friends do. The leaked documents explain why Putin is widely seen as one of the wealthiest men in the world yet […]