News
A court in Kiev heard arguments yesterday on the $74 million embezzlement case against Ukraine’s top tax official. (WaPo)
More than 200 wealthy foreigners are choosing to pay £218,200 a year in tax rather than declare which of London’s £20m-plus mega-mansions they own. (Guardian)
The European Parliament blamed Swiss lawyers’ lack of oversight and loopholes in the due diligence process when evaluating Switzerland’s role in revelations stemming from the Panama Papers. (Bloomberg)
A new report by Transparency International states that more than £4.2 billion worth of London property is bought using suspicious wealth. (Financial Times)
Deutsche Bank, which was recently hit with about $630 …read more
Source: Kleptocracy Initiative