But all have at least one thing in common secrecy is the rule. Deutsche bank ceo doesnt expect to become target in probe police searched the banks headquarters in frankfurt over two days in an investigation relating to a cache. The panama papers refer to a collection of documents leaked in 2016 from mossack fonseca, a panama based law firm that created shell companies to facilitate tax avoidance. About the panama papers deutsche version in the months that followed, the number of documents continued to grow far beyond the original leak. Among those named in the papers as using the panamabased law firm mossack fonseca to set up offshore entities are gabrielle fialkoff, who served as clintons finance director during her first. About two years ago, a whistleblower had already sold internal mossack fonseca data to the german authorities, but the dataset was much older and smaller in scope. The federal criminal police office bka is in possession of data known to the public as the socalled panama papers. Wood contributor opinions expressed by forbes contributors are their own. The dummy company at the heart of deutsche bank money laundering probe. The 21 jurisdictions covered by the panama papers data vary from the rolling hills of wyoming to tropical getaways like the british virgin islands. Find out whos behind almost 500000 offshore companies, foundations and trusts from the panama papers, the offshore leaks and the bahamas leaks. The organized crime and corruption reporting project occrp is a global network of investigative journalists.
Deutsche bank offices raided in money laundering probe linked to panama papers. Icij published the following disclaimer with regard to the data provided. But if past is prologue, then the majority of what we learn from the leak will merely be embarrassing for those. After the leak of more than 11 million documents detailing sensitive, and often terrifying, information about offshore financial and. Niesen said the analysis of the panama papers and other documents gave rise to suspicion that deutsche bank was helping clients set up socalled offshore companies in tax havens and the proceeds of crimes were transferred there from deutsche bank accounts without the bank reporting it. Deutsche banks frankfurt headquarters has been raided by german police as part of a money laundering probe linked to the panama papers. Heres what you need to know about why americans might not appear on the list. In the past 12 months, around 400 journalists from more than 100 media organizations in over 80 countries have taken part in researching the documents. Panama papers expose celebs, politicians, billionaires. Deutsche bank panama papers probe leads to more german. German authorities searched the offices of deutsche bank ag over a moneylaundering probe related to the panama papers leak. A probe into deutsche bank ag prompted by the panama papers brought a wave of raids by frankfurt prosecutors targeting eight wealthy individuals who may have hidden money in offshore companies. The dummy company at the heart of deutsche bank money.
Panama papers project was the first time a major transnational investigation was coherently and. Panama papers is the biggestever international cooperation of its kind. Browse the independents complete collection of articles and commentary on panama papers. The international consortium of investigative journalists icij released the full list of companies and individuals in the panama papers on 10 may 2016. Recently, the biggest leak in the journalism world in the history took place. It included details on how deutsche bank helped clients maintain hundreds of offshore companies. Now it has been hit by revelations from the panama papers investigation. Investigators are looking into the activities of two. Moreover, the journalists crosschecked a large number of documents, including passport copies. The panama papers investigation bites deutsche bank. Panama papers expose celebs, politicians, billionaires with offshore tax havens despite fatca robert w.
The panama papers 2018 full movie download full hd. Panamas lawyers movement called the panama papers leak cyber bullying and in a press conference condemned it as an attack on the panama brand. Graph visualization of panama papers data in neo4j neo4j. The role of open data the panama papers and investigative journalism in africa lessons learned from and about the data lessons learned paper. For example, many pirate sites use offshore companies to keep the owners out of the public view. The panama papers are the largest data leak journalists have ever worked with. How a german newspaper became the goto place for leaks like the paradise papers. The panama papers allegedly show law firm mossack fonseca helped set up shell companies and offshore accounts for global leaders. Fraguela alfonso, its president, called it a direct attack on the countrys financial system. Deutsche bank searched in panama papers money laundering. This icij database contains information on more than 785,000 offshore entities that are part of the panama papers, the offshore leaks, the bahamas leaks and the paradise papers investigations. Since the raids related to the investigation in germany, icij has reexamined files about regula. Find the best articles on the offshore leak on this page. How a german newspaper became the goto place for leaks.
The nominee company appeared again in icijs swiss leaks, panama papers and paradise papers investigations. German federal criminal police office obtains panama. Middle east the kings of the offshore business how the ruling families of the middle east hide their wealth in offshore companies and secret bank accounts. The reaction to the panama papers was immediate and viral. Here is a guide weve assembled to help explain how. Deutsche bank headquarters raided in an emailed statement, deutsche bank confirmed that police are investigating at several german locations in relation to panama papers, and said it. At this juncture, the raw panama papers records are not available to the public. The panama papers affect the image of panama in an unfair manner and have come to light not as the result of an investigation, but of a hack, said adolfo linares, president of the chamber of commerce, industries and agriculture of panama cciap. The papers also allege a billiondollar money laundering ring run by a russian bank tied to associates of russian president vladimir putin.
Deutsche banks head office and other locations in frankfurt were raided by 170 police officers and tax investigators as part of a money laundering probe related to the panama papers. List of people named in the panama papers wikipedia. The database contains offshore legal entities and connections to them. The data covers nearly 80 years up to 2016 and links to people and companies in more than 200 countries and territories. The panama papers offshore leaks neo4j database data model. Last week, prosecutors raided the german offices of deutsche bank on suspicion that employees helped clients launder money through offshore companies in tax havens. The investigation was based on an analysis of documents that included the panama papers. German prosecutors raided several deutsche bank offices in the frankfurt area thursday over suspicions of money laundering based on revelations from the 2016 panama papers data leak. Deutsche bank raided in money laundering investigation the banks office in germany was raided as part of an investigation into the 2015 leak of the panama papers.
Icij has several other projects where theyve made queryable databases with visualizations available, but those apparently arent the panama papers documents. Deutsche bank offices in germany raided by police in money. This anonymity aspect is also crucial for a lot of names that appear in the panama papers. Income inequality is one of the defining issues of our time. The panama papers have exposed how some of the worlds most powerful people may have used offshore bank accounts and shell companies to conceal their wealth or. I invite all organized forces of the country to create a great crusade for the rescue of the countrys. German police raid deutsche bank in panama papers graft. Notices were issued following an investigation by the taxmen and the enforcement directorate, said people in the know. How to download this database icij offshore leaks database. The debate over its sudden acceleration has raged for years, with politicians, academics and activists alike helpless to stop its steady growth despite countless speeches, statistical analyses, a few meagre protests, and the occasional documentary. This is a partial list of people named in the panama papers as shareholders, directors and beneficiaries of offshore companies. Deutsche bank hq raided by police in money laundering. Two years after the panama papers brought to fore alleged hidden offshore accounts of the worlds wealthy, the incometax department has issued notices to many in india for not disclosing all their foreign assets as well as interest and income earned through such assets.
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