• Tue
  • Sep 23, 2014
  • Updated: 7:30am

British Virgin Islands leaks

On April 4, 2013, the International Consortium of Investigative Journalists (ICIJ) began leaking the details of 2 million emails and other documents naming prominent public figures from around the world who were concealing their wealth through the offshore tax haven of the British Virgin Islands. Based on this leak, the ICIJ released a report focussing on China's elite on January 22, 2014.

Tighter scrutiny of potential mainland clients by banks in Hong Kong

International wealth managers in Hong Kong, especially private banks from Switzerland, are tightening their background checks on potential mainland clients, particularly those with important political ties.

Wednesday, 21 May, 2014, 5:04am 2 comments

Symphony of scandal: The significance of the ICIJ leaks timing

On January 22, the International Consortium of Investigative Journalists (ICIJ) published an excoriating report on the extent of offshore accounts owned by China's wealthy and powerful. We illustrate how the exposé ties in with the timelines of other important ongoing stories.

24 Jan 2014 - 4:15pm 1 comment

China's elite hiding billions overseas, US report says

Relatives of at least five current and former members of China's top leadership are shareholders in many offshore companies, allowing them to conceal their assets, according to a report from the International Consortium of Investigative Journalists (ICIJ).

23 Jan 2014 - 9:37pm 2 comments

Chinaleaks: Hong Kong anti-poverty duo 'failed to declare ties to tax haven'

Two members of the government's Commission on Poverty failed to declare ties to companies registered in the secretive tax haven of the British Virgin Islands, leaked documents show.

23 Jan 2014 - 1:00pm 10 comments

Flattering profile on Li Xiaolin, ex-premier's daughter, draws flak amid ChinaLeaks revelations

Li Xiaolin, the daughter of former Chinese premier Li Peng who now heads China Power International Development (CPI),  was "born with a mission" to run the Hong Kong-listed company, state newspaper China Enterprises reported this week.

22 Jan 2014 - 2:51pm 2 comments

China is biggest exporter of illicit capital, says watchdog group

The South China Morning Post discusses the implications of the ICIJ leak with Clark Gascoigne, spokesperson for the Washington DC-based think tank Global Financial Integrity (GFI), which has been tracking global illicit money flows since 2006.

22 Jan 2014 - 4:35pm 2 comments

ChinaLeaks: Exposé on Chinese elite’s offshore accounts comes at sensitive time

Relatives of at least five current and former members of China’s top leadership have been exposed as having offshore accounts, as part of a revelatory report by investigative journalists.

23 Jan 2014 - 9:06am 19 comments

Massive database reveals offshore banking entities that could be used for tax evasion

A massive database of private offshore banking entities that could be used for tax evasion was posted online for public use on Friday by the muckraking group that first reported the files.

29 Aug 2013 - 4:13am

Top British firms condemned for prolific use of tax havens

The UK’s 100 biggest public companies are running more than 8,000 subsidiaries or joint ventures in onshore and offshore tax havens, according to research published on Monday (12MAY), raising fresh concerns about the full extent of corporate tax avoidance.

13 May 2013 - 4:32pm

British Virgin Islands picks Hong Kong to be its Asia hub

The British Virgin Islands has chosen Hong Kong as its headquarters for a new push into the Asian market as it faces a global storm linked to a massive leak of client data and claims of secrecy, tax evasion and hiding assets.

13 Apr 2013 - 5:03am 3 comments