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The FATF report on the USA: More roof than holes on average

5 December 2016 in Access to information, Americas, beneficial ownership, Financial Integrity, Impunity, Politics and government, Private sector

You arrive in a new city on a rainy day and check into your top floor hotel room, only to find the roof is leaking. When the receptionist comes to check, he looks up and says, “I don’t see what the problem is, madam. There is clearly more roof than holes on average.” This has […]

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Stiglitz and Pieth Panama Papers report: a roadmap for global transparency in the 21st century

15 November 2016 in beneficial ownership, Financial Integrity

After resigning from Panama’s official effort to clean up its financial sector, Nobel-prize winning economist Joseph Stiglitz and transparency expert Mark Pieth have come out with their own independent report. And it’s a good one. Overcoming the Shadow Economy moves the focus away from Panama itself, to tackle the global problem of secrecy and its […]

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Let’s pick up the slow pace of change in Panama

26 August 2016 in Americas, beneficial ownership

The recent moves by the Panamanian government to clean up its image in the wake of the Panama Papers scandal may eventually lead to a more transparency and accountable financial sector.   But only if the pressure is kept on the Panamanian government. The Panama Papers showed how one Panamanian law firm was able to set […]

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The $6.5 million apartment on Starovolynskaya Street

31 May 2016 in beneficial ownership, Europe and Central Asia

How is it possible for the extended family of Russian politicians and civil servants to get a $6.5 million apartment situated in the Moscow equivalent of millionaires’ row? That was the question that came to mind when we started investigating 15 Starovolynskaya Street and the Rogozin family. Dmitry Rogozin is Deputy Prime Minister and in charge of the Ministry […]

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Yes, there are legitimate uses of shell companies They still shouldn’t be secret

15 April 2016 in Access to information, beneficial ownership, Financial Integrity

Thanks to an anonymous provider of data and the incredible work done by the International Consortium of Investigative Journalists (ICIJ), over the last days the world has gained an unprecedented peek into the global system of secret shell companies. The Panama Papers revelations have forced governments to respond, one national leader to step down, and […]

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