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 background checks have prevented a number of wealthy mainlanders from moving money to Swiss private banks in Hong Kong
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.
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.
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.
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.
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.
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.
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.
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.
Some of the wealthiest and most powerful people in Hong Kong, on the mainland and elsewhere in the world are watching nervously as the identities of those holding accounts in the offshore haven of the British Virgin Islands (BVI) are being exposed in what is described as the biggest information leak in recent history.
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).