New York state’s financial regulator has told 13 foreign banks doing business there to hand over details about their dealings with a law firm in Panama that helped set up thousands of shell companies.
Former FIFA official Alfredo Hawit admitted to having received bribes for the sale of marketing rights to soccer tournaments.
A German Finance Minister have initiated a plan to battle tax havens following the release of Panama Papers.
The European Union pledged to impose sanctions against Panama and other tax havens if they fail to cooperate with investigations on money laundering and tax evasion.
