New Zealand: What next after panama Papers?

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Government in New Zealand has appointed an international expert to review tax laws in the wake of Panama Papers. Tax expert John Shewan has been put in charge of the independent review and the Government wants answers by June. http://www.newstalkzb.co.nz/news/politics/govt-appoints-international-expert-to-investigate-nz-tax-laws/

Brazil: Petrobas Scandal linked to Panama Papers

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The Brazilian bribery investigation, called Operation Car Wash, involved a multimillion-dollar kickback scheme at the state-run oil company Petrobras. The scandal has led to criminal charges against leading politicians and fueled nationwide opposition to President Dilma Rousseff, who is facing impeachment. It also sparked a separate investigation into former President Luiz Inacio Lula da Silva, whom Brazilian prosecutors are seeking to arrest. Now it emerges that some of the people involved are also linked to the Panama papers. Prosecutors in January said they had evidence that Mossack Fonseca is a “big money launderer” and had filed criminal charges against five employees of the firm’s Brazilian office. http://www.ibtimes.com/panama-papers-brazilians-embroiled-petrobras-corruption-scandal-also-linked-mossack-2348113

Iceland: Panama papers leads to an early election

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The Prime Minister of Iceland has stepped down becoming the first major casualty of the leaked Panama Papers that have shown a spotlight on offshore finance. The Prime Minister, Sigmundur Gunnlaugsson owned an offshore company with his wife but had not declared it when he entered parliament. He is accused of concealing millions of dollars' worth of family assets. http://www.bbc.com/news/world-europe-35966412?ns_mchannel=social&ns_campaign=bbc_breaking&ns_source

France: Heavy fines abroad leading to anti-corruption reforms

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France has resolved to conduct anti-corruption reforms after French companies have in the recent years faced heavy fines abroad. Two years ago for instance, France's biggest bank, BNP Paribas, was fined $9 billion by U.S. authorities over violations of sanctions against Sudan, Cuba and Iran. Alstom was also sentenced to pay a $772 million fine by a U.S. judge last year, the largest levied by the U.S. government in a foreign bribery case. http://www.reuters.com/article/us-france-corruption-idUSKCN0WV1RS

Vanuatu: A small Island nation fighting a good fight

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Vanuatu is an amazing country. Last year, the Island nation imprisoned 14 Members of parliament for corruption. This year, the nation has fired its police chief and is now seeking a foreign cop to fill the vacancy.   Vanuatu is not the first nation to go to this extent. Fiji has done it before and it worked.  The police and the paramilitary services have been in disarray. The Island nation hopes that they will find a foreign cop who can handle local police politics, put things in order and the nation seeks to recruit and nurture a local to take over later. http://www.radionz.co.nz/international/pacific-news/300193/vanuatu-look-overseas-to-fill-police-head-post

   
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