Tuesday, February 13, 2018

Catholic Offshore: Malta company registry data to be revealed by ICIJ

accountability transparency business Catholic corruption offshore tax evasion money laundering

The International Consortium of Investigative Journalists will add data from Malta's corporate registry to their offshore leaks database on Wednesday.

Although the Malta Financial Services Authority runs its own searchable database, which is available upon registration, it does not allow for specific searches of company directors and shareholders.

The ICIJ's offshore leaks database will allow such searches, making it easier to find the individuals linked to Maltese companies. The latest available data will be until the end of 2016.

NGO Global Witness said that putting the names of directors and legal shareholders in the public domain was an essential first step towards transparency.

Malta's registry data led to many stories forming part of the Paradise Papers leaks.

Malta was found to play host to companies linked to celebrities like singer Shakira and Formula One driver Lewis Hamilton, who used Malta’s favourable regime to legally reduce their tax bills.  (more...)


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accountability transparency business Catholic corruption offshore tax evasion money laundering

Just in time for Lent

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