#UK: Group In Parliament Seeks Crackdown On Money Laundering In UK Overseas Territories

[world politics news]

Tax havens under the UK's jurisdiction could be forced to be more open about who owns assets held there. A group led by Conservative MP Andrew Mitchell and Labour's Margaret Hodge want UK overseas territories to introduce a beneficial ownership register. This, they hope, will shine a light on money laundering and the proceeds of people trafficking and other crimes.

[FULL STORY HERE]

World Politics News is dedicated to raising Americans' knowledge of political events, elections, and legislation throughout the world.

#EU: European Parl. Creates Tax Haven "Blacklist," Sanctions For Illegal Activities

[world politics news]

Members of the European Parliament have today voted through measures to make corporation tax fairer, which include drawing up a blacklist of tax havens, sparked by the Panama Papers scandal. Sanctions were also proposed for companies, banks, accountancy and law firms and tax advisers which are proven to be involved in "illegal, harmful or wrongful activities."

#COLOMBIA: Frmr. Pres. Uribe's Sons Implicated In #PanamaPapers Scandal

[world politics news]

The two sons of Colombia’s former President Alvaro Uribe, Tomas and Jeronimo Uribe Moreno, are mentioned in the latest Panama Papers disclosure. In the database revealing details of more than 200,000 offshore companies, both Uribe brothers Tomas and Jeronimo appear as shareholders of the Asia America Investment Corporation registered and associated with an address in the British Virgin Islands, a country included on a widely known list of tax havens worldwide.