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European Parliament Urged To Ban ‘Anonymous Shell Companies’

European Parliament Urged To Ban ‘Anonymous Shell Companies’

March 5, 2014 2:18 pm

A Washington DC based research and advocacy organization has urged the European Parliament to support the establishment of public registries of corporate ownership. Global Financial Integrity (GFI) studies and promotes policies that are designed to stop illegal financial flows. Its latest research project showed that in 2011, USD68.9bn flowed illegally into and out of developing […]

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Financial Sector Contributes 12% To The GDP Of Dubai In 2012

Financial Sector Contributes 12% To The GDP Of Dubai In 2012

March 5, 2014 2:17 pm

Number of active registered companies within DIFC has increased to 1,039 in the last year. Dubai: Eisa Kazim , Governor of the DIFC and Chairman of DIFC Authority said that the financial services sector made a contribution of more than 12% to Dubai’s gross domestic product (GDP) in 2013. Kazim while speaking at DIFC’s operating […]

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Malta, EC Reach Agreement on Passport Sale

Malta, EC Reach Agreement on Passport Sale

March 5, 2014 2:16 pm

After negotiations with the EU (European Union) on 29th January 2014, Malta has agreed to change the provisions of its controversial Individual Investor Program (IIP). Under the IIP, the government of Malta originally planned to avail citizenship to individuals with an investment of a minimum of EUR650,000 into the National Development Fund, regardless of the […]

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Panama’s Banking Credit Boom

Panama’s Banking Credit Boom

March 5, 2014 2:16 pm

Between January and November 2013, Panamanian issued out 14% more loans than in the same period in 2012. Statistics from the SBP (Superintendency of Banks of Panama), indicate that during the first 11 months of 2013, the National Banking System (SBN by its initials in Spanish) issued out 14% more loans than in the same […]

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