• Fri
  • Dec 26, 2014
  • Updated: 1:46am

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

Banks in Hong Kong have been tightening their background checks on would-be clients from the mainland. Photo: Robert Ng

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

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

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'

Henry Cheng Kar-shun.

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 in a profile photo taken in 2007 in Hong Kong. Photo: Felix Wong

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

Hong Kong is a hub of illicit financial outflows from the mainland, says Global Financial Integrity. Photo: SCMP Pictures

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

A combined images of some famous billionaires mentioned in the ICIJ report. Photo: SCMP Pictures

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

The Ugland House, the registered office for thousands of global companies, stands in George Town on Grand Cayman Island. Photo: AP

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

British Virgin Islands. Photo: SCMP

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, a haven of secrecy for those who don't want to disclose who owns businesses, is coming to Hong Kong. Photo: SCMP

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

BVI tax haven to set up Asia headquarters in Hong Kong

The British Virgin Islands, a haven of secrecy for those who don't want to disclose who owns businesses, is coming to Hong Kong. Photo: SCMP Pictures

The British Virgin Islands (BVI) will set up its Asian headquarters in Hong Kong next month despite a worldwide outcry against tax havens after many of its rich clients’ information has been leaked by an investigative journalist group.

12 Apr 2013 - 11:16pm 1 comment

France's Hollande under pressure to reshuffle government after scandal, poll finds

French President Francois Hollande. Photo: EPA

A majority of the French favour a government reshuffle in the aftermath of a scandal that forced the budget minister to resign after lying about a secret foreign bank account, a poll showed on Sunday.

7 Apr 2013 - 8:37pm

Journalism group ICIJ snubs requests for access to bank account data

Journalism group ICIJ snubs requests for access to bank account data

Many accounts are linked to wealthy residents from the mainland, Hong Kong and Taiwan, with assets hidden in a complex web of shell companies in tax havens such as the Caymans and British Virgin Islands.

7 Apr 2013 - 5:28am

Tax-haven leak will spur graft probes, analysts say

Chinese President Xi Jinping. Photo: Xinhua

The massive haul of leaked financial information on offshore havens by the International Consortium of Investigative Journalists (ICIJ) will spur anti-corruption efforts in China and other nations, analysts say.

6 Apr 2013 - 4:04am 1 comment

Hard disk gave investigators data to expose tax havens, account holders

Bidzina Ivanishvili is involved in a BVI company. Photo AFP

An investigation into an offshore tax haven that is exposing secret accounts held by the wealthy around the world began when a computer hard drive packed with corporate data arrived in the post at the International Consortium of Investigative Journalists (ICIJ).

5 Apr 2013 - 10:10am

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