Jul 11, 2025
Former Real Madrid manager mentioned in Pandora Papers receives suspended jail term in tax fraud case
Spanish courts hit Carlo Ancelotti, now head coach of Brazil, with a one-year suspended prison term and a fine.
Offshore secrecy
Browse the ICIJ’s complete collection of articles and commentary on offshore secrecy.
May 23, 2025
How a Pentagon contractor built a global empire — and a massive tax evasion scheme
Douglas Edelman rose from owning a bar in Kyrgyzstan to winning $7 billion in defense contracts, only to plead guilty this week to hiding his fortune from U.S. tax authorities.
Apr 03, 2025
Hundreds of millions more dollars recouped by governments after ICIJ investigations
Nine years after the Panama Papers helped turbocharge authorities’ pursuit of hidden wealth, the global impacts of ICIJ’s offshore investigations are still being felt.
Mar 26, 2025
Seychelles offshore services provider highlighted in the Pandora Papers shuts down operations
The country’s Financial Services Authority has revoked the licenses of Alpha Consulting after a Finance Uncovered investigation into the provider’s business of creating anonymous U.K. shell companies.
Mar 05, 2025
Drug kingpin Daniel Kinahan was paid millions ‘under the table’ to be boxing promoter’s exclusive agent, court complaint alleges
Self-styled fight fixer alleges leading promoter Top Rank also rewarded Kinahan for personally guaranteeing world champion Tyson Fury’s fees.
Mar 05, 2025
Treasury Department won’t enforce beneficial ownership rule under the Corporate Transparency Act
The rule, which was held up in court for the last few months, would require foreign and domestic companies to disclose their true owners.
Mar 04, 2025
Millions in Covid relief funds went to shadowy companies registered at a Wyoming storefront that hundreds of thousands of firms used as an address
The least-populated U.S. state has attracted secretive company formations, fraud indictments and questionable fortunes from around the world.
Jan 28, 2025
US company database remains on hold, despite Supreme Court decision
Treasury had to issue a note clarifying that, despite a court victory last week, another legal challenge continued to block progress on a key corporate transparency reform.
Jan 24, 2025
Secret shareholders of elite Scottish golf club uncovered in Paradise Papers documents
Scottish investigative outlet The Ferret found billionaires, bankers and sports stars were behind a Cayman Islands firm that owns the picturesque Loch Lomond Golf Club.
Jan 17, 2025
UK anti-corruption minister resigns amid Bangladeshi corruption probe into her family
Tulip Siddiq, whose aunt is Bangladesh’s recently ousted leader, also faced questions over her family’s London properties.
Dec 03, 2024
With sharp rise in incorporations, Wyoming cements reputation as US secrecy haven
New data shows that company registrations in the Cowboy State have eclipsed Delaware, a renowned tax haven. Local officials are scrambling to keep up.
Nov 13, 2024
Critics question the depth of Cyprus’ much-touted reforms to its secretive financial industry
The Cyprus Confidential investigation last year exposed how the island nation’s financial sector aided some of Russia’s wealthiest figures ahead of looming sanctions related to the Ukraine war.
Nov 12, 2024
King Charles’ godson had extensive business ties with a US defense contractor now accused of a massive tax evasion scheme, records show
Lord Charles Tryon, who is not accused of wrongdoing, held key positions in several firms prosecutors allege were part of the contractor’s efforts to conceal more than $350 million in profits.
Sep 18, 2024
Notorious ‘Predator’ spyware firm Intellexa hit with new US sanctions
As the United States clamped down on the Intellexa group for the second time this year, advocates criticized Europe’s lack of action against commercial spyware creators.
Aug 20, 2024
A notorious drug kingpin set up shell companies in the British Virgin Islands and Dubai to employ alleged cartel underlings, documents show
Sarajevo-native Edin “Tito” Gacanin registered the companies in the secrecy havens as he continued to ship cocaine globally, despite being convicted by Dutch courts for narcotics trafficking.
Aug 14, 2024
Former BVI premier sentenced to 11 years in prison for cocaine-trafficking conspiracy
Two years before his arrest in Miami, Andrew Alturo Fahie pledged to pull back the curtain on the islands' notoriously secretive financial services industry.
Jul 08, 2024
Ten years after an ICIJ exposé, Danish authorities charge Nordea bank with money laundering violations
In 2013, ICIJ media partner Politiken revealed that Russian nationals and others used the services of Nordea’s Copenhagen branch to maintain about 100 offshore companies.
May 14, 2024
Dubai property portfolio calls into question effectiveness of sanctions on Kinahan cartel leader, experts say
Caoimhe Robinson, wife of accused drug kingpin Daniel Kinahan, has bought and sold properties in Dubai as he faces U.S. sanctions, the Dubai Unlocked investigation reveals.
May 09, 2024
Chilean court dismisses Pandora probe into deceased former President Sebastián Piñera
Before his death, Piñera faced years of scrutiny over an offshore deal uncovered in ICIJ’s Pandora Papers.
Apr 18, 2024
UK freezes London property linked to Putin ally after ICIJ report
Since Russia invaded Ukraine in 2022, the U.K. government has faced criticism for failing to enforce sanctions, reportedly overlooking even poorly hidden Kremlin-linked funds and assets.
Apr 09, 2024
US prosecutors push to seize apartment tied to Congolese president in luxury Trump complex
Embezzled public funds were allegedly used to purchase the Manhattan apartment for the use of the daughter of one of Africa’s longest-serving authoritarian leaders.
Apr 08, 2024
Panama Papers trial begins with denials eight years after historic tax evasion exposé
Twenty-seven people face money laundering charges in the long-delayed hearing at a courtroom in Panama’s Gil Ponce Palace of Justice.
Mar 29, 2024
Cyprus and US to form partnership to combat financial crime
The two countries are finalizing an agreement under which the U.S. Justice Department and FBI will assist Cyprus authorities in identifying and prosecuting sanctions evasion and other illicit finance operations “with a nexus to Cyprus."
Mar 26, 2024
Qatari royal invested about $50 million in pro-Trump network Newsmax
Before and after the investment, senior newsroom leaders urged Newsmax staff to soften coverage of Qatar, current and former employees said.
Feb 28, 2024
London property tied to Putin ally remains untouched by sanctions
Despite reforms to root out oligarchs who own U.K. real estate, the country has repeatedly overlooked Kremlin-linked assets hidden in plain sight.