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NEWS: Panama’s new president brands Panama Papers ‘an international hoax’ after 28 acquitals

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PANAMA CITY, PANAMA - JULY 01: President Jose Raul Mulino swears in as Panama's 8th president for the 2024-2029 period at Anayansi Theater of the Atlapa Convention Center in Panama City, Panama on July 01, 2024. Daniel Audilio Gonzalez / AnadoluNo Use USA No use UK No use Canada No use France No use Japan No use Italy No use Australia No use Spain No use Belgium No use Korea No use South Africa No use Hong Kong No use New Zealand No use Turkey

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NEWS: Canada’s TD Bank names insider Michelle Myers as global chief auditor amid regulatory glare

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NEWS: Gazprombank, third largest lender in Russia, among 50 banks hit with new US sanctions

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NEWS: Thales, Europe’s largest defence technology company, faces bribery probe from UK’s SFO

By Paul O’Donoghue

José Raúl Mulino, Panama’s new president, has called the Panama Papers ‘an international hoax’ after widespread acquittals in a trial linked to the controversy.

Mr Mulino, a former minister in several government departments including Justice and Public Security, said the scandal surrounding the millions of leaked documents had been intended to damage the country’s reputation.

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Premium

NEWS: Canada’s TD Bank names insider Michelle Myers as global chief auditor amid regulatory glare

 Premium

NEWS: Gazprombank, third largest lender in Russia, among 50 banks hit with new US sanctions

 Premium

NEWS: Thales, Europe’s largest defence technology company, faces bribery probe from UK’s SFO

Regulatory Watch News

  • Financial sanctions update: Frozen Assets Reporting 2024

    OFSI

    OFSI is conducting its Frozen Asset Review. If you hold or control funds or economic resources belonging to, owned, held, or controlled by a designated person, you are required to submit a report to HM Treasury's OFSI by the extended deadline of Monday 25 November 2024.

    This email is a final reminder that you are required to report the value of all assets as they stood at close of business on Monday 30 September 2024.

    Your report must include details of all funds or economic resources frozen in the UK and overseas, where these funds or economic resources are subject to UK financial sanctions legislation.

  • MONEYVAL launches the evaluation process of Armenia

    MONEYVAL

    MONEYVAL has officially launched its 6th round of mutual evaluation of Armenia. In this context, a high-level exchange was held, with the participation of the Governor of the Central Bank of the Republic of Armenia, the Chairman of the Interagency Committee on combating money laundering, terrorism financing and proliferation financing of Armenia (Interagency Committee) and the Chair of MONEYVAL, Mr Nicola MUCCIOLI. The intervenors stressed the importance of the assessment process and the commitment of the country’s authorities to its success.

  • Bulgaria: EPPO probes into church restoration on suspicion of subsidy fraud

    European Public Prosecutor's Office

    (Luxembourg, 22 November 2024) – At the request of the European Public Prosecutor’s Office (EPPO) in Sofia (Bulgaria), ten searches were carried out on Wednesday, in a probe into suspected subsidy fraud involving the restoration of a church, funded by the EU.  During the searches, conducted in Burgas, Petrich, Rila and Sofia, documents and evidence were seized. 

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