Panama papers

Panama Papers journalist Daphne Caruana Galizia killed

Daphne Caruana Galizia, 53, died on Monday when a powerful explosive device blew up her car, police said.

Ms Caruana Galizia ran a hugely popular blog in which she relentlessly highlighted cases of alleged high-level corruption targeting politicians across party lines.

In a post published on her site just half an hour before the explosion she wrote: "There are crooks everywhere - the situation is desperate."

Panama Papers: New Zealand to tighten trust laws after being named in leaks

     

New Zealand has announced it is tightening rules surrounding foreign trusts after numerous documents in the Panama Papers leak referenced the country.

Officials in Wellington said the changes would improve the disclosure and registration of foreign trusts, as well as strengthening anti-money laundering rules.

"The changes to the foreign trust rules are a matter that the Government intends to move quickly on," Finance Minister Bill English said.

Pacific countries struggle to shake tax haven reputation

RNZI reports millions of documents from a boutique Panamanian law firm Mossack Fonseca -- now known as the Panama Papers -- were given to several media organisations around the world and have revealed the firm's involvement in setting up shell companies in offshore jurisdictions, which has allowed the world's richest people to avoid paying taxes.

Panama Papers: Mossack Fonseca leak reveals elite's tax havens

Eleven million documents were leaked from one of the world's most secretive companies, Panamanian law firm Mossack Fonseca.

They show how Mossack Fonseca has helped clients launder money, dodge sanctions and evade tax.