Money laundering

British Prime Minister David Cameron on April 10 released his tax details in a bid to head off a row over his father's offshore business, and announced a new taskforce to scrutinize the so-called Panama Papers.

British Prime Minister David Cameron admitted on April 7 he had held a 30,000 stake in an offshore fund set up by his father, after days of pressure following publication of the so-called Panama Papers.
 
Cameron sold the stake in the Bahamas-based trust in 2010, four months before he became prime minister, he said in an interview with television channel ITV.
 

Domestic security and counter-intelligence agency DANS has said it is looking into suspicions of money laundering possibly done by Bulgarian businesses.

Nearly a third of the business of the law firm at the center of the Panama Papers scandal came from its offices in Hong Kong and China, reports said April 7, with the Asian giant assailed by corruption and capital flight.

One of the founders of the law firm at the center of the explosive "Panama Papers" revelations on off-shore holdings told AFP on April 5 his company was hacked by servers abroad.

Ramon Fonseca said the firm Mossack Fonseca had lodged a criminal complaint with Panamanian prosecutors on April 4 over the breach.

Governments across the world began investigating possible financial wrongdoing by the rich and powerful on April 4 after a leak of four decades of documents from a Panamanian law firm that specialized in setting up offshore companies.

The German authorities, backed by Europol, have dismantled a German-based Iraqi criminal syndicate suspected of laundering money for international heroin traffickers.

The U.S. probe into Reza Zarrab, an Iranian-born Turkish businessman who was arrested in Miami on March 19 over Iran-related sanction charges, doesn't concern Turkey, President Recep Tayyip Erdo?an has said, while calling on U.S. officials to act against institutions linked to Fethullah Gülen.

The Sofia City Court has dropped a money laundering probe against Hristo Biserov, the ex-Deputy Speaker of Bulgaria's Parliament.

The Council of Europe has urged Armenia to develop an effective national policy to investigate and prosecute money laundering in the country, as its experts have identified significant weaknesses in this area.