Finance ministry says carefully following Panama Papers case

The Croatian Finance Ministry said on Monday that it was carefully following developments regarding the Panama Papers scandal and was taking all measures and activities envisaged by the relevant laws regarding information on the possible involvement of Croatian companies or nationals in the scandal.

The Panama Papers, a major operation by investigative journalists that has revealed that 140 world leaders, football stars and wealthy people are hiding their money in tax havens, has caused disbelief across the globe and new information on the case is eagerly awaited. Many countries on Monday issued statements after the documents revealing the huge proportions of tax evasion and money laundering were leaked and tax services in a number of countries have opened investigations.

"The relevant Finance Ministry services are carefully following developments regarding the Panama Papers case and taking measures and activities envisaged by the relevant laws regarding information on the possible involvement of Croatian companies or nationals," the ministry said in response to a query from Hina.

It declined to reveal any details, citing tax information privacy.

The ministry also said that the Office for the Prevention of Money Laundering, as the Croatian financial intelligence unit, was in charge of obtaining bank, personal and intelligence data in the country and abroad.

The Office's activities are secret and it is not authorised to publish information, data or documentation collected in line with legislation on the prevention of money laundering and the financing of terrorism, the ministry said.

Last update: Mon, 04/04/2016 - 16:31
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