Latest

Panama lashes out at EU over tax haven 'outrage'
Panama lashes out at EU over tax haven 'outrage'

Panama on Thursday lashed out at the European Union for keeping the country on its tax haven blacklist despite its efforts to crack down on tax evasion. The Caribbean island of Antigua and Barbuda was removed from the list, which was created in 2017, a year after the Panama Papers scandal, to crack down on tax evasion.

TD Bank to pay more than $3 bn to US in money-laundering case
TD Bank to pay more than $3 bn to US in money-laundering case

Canada's TD Bank has agreed to pay more than $3 billion in penalties for failing to adequately monitor money laundering by drug cartels, US officials said Thursday. Garland said that between January 2014 and October 2023, TD Bank failed to monitor $18.3 trillion in customer activity, allowing three money laundering networks to transfer over $670 million through TD Bank accounts.