The Panama Papers highlight the role of banks when it comes to setting up offshore companies. The documents show that up to 2 billion dollars have been filtered through banks into tax havens.
The US branch of Rabobank has entered into a plea deal after it was accused of laundering hundreds of millions of dollars for drug traffickers. The settlement was one of the largest in history involving Mexican cartels.
A Latvian bank is accused of funneling billions to North Korea while the country's top bank official is alleged to have taken bribes. However, European Central Bank authorities raised no alarms. Teri Schultz reports.
Despite possessing one of the world's biggest economies, Germany ranked among the top 10 in the 2018 Financial Secrecy Index. Serious tax loopholes and lax enforcement contributed to the high ranking.
State television showed Ilmars Rimsevics arriving at the anti-corruption agency where he was questioned for more than seven hours. The prime minister said there was no danger for the financial system.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version