JUSTICE

PM Ciolos on Panama Papers: ANAF does not need orders from the PM to do its job

Prime Minister Dacian Ciolos said Tuesday that he had no conversation with the head of the National Agency for Fiscal Administration (ANAF) Dragos Doros after the commencement of the Panama Papers investigation.

“No, I did not. He does not need orders from the prime minister to do his job where he believes law was violated,” Ciolos said at the end of a meeting on Tuesday with officials of the Association of Romania’s Towns.

An interdepartmental working group will check the fiscal implications of the reports under the Panama Papers journalistic investigative project, ANAF reported on Tuesday in a press statement.

It says that resources are earmarked for the analysis of data from open sources reagarding the identity of individuals and legal entities and their correlation with those existing in special data bases regarding personal accounts, shareholdings in companies, domestic and international deals.

Also involved in the working group will be anti-fraud inspectors, tax inspectors and specialists in checking incomes of individuals, tax information and compulsory enforcement, says ANAF.

Heads of state, high-ranking politicians, billionaires, celebrities, athletes, but also crime networks are among the beneficiaries of more than 214,000 offshore companies registered in 21 tax havens, revealed a journalist investigation conducted jointly by 107 media institutions that got into the possession of documents from the secret archives of a Panamanian law firm, with the documents now generically dubbed the “Panama Papers,” Le Monde and Le Soir announced on Sunday.

According to Le Soir, this is an enormous leak of financial information, while Le Monde talks about the most spectacular breakthrough into the murky world of offshore finances.

The investigation coordinated by the International Consortium of Investigative Journalists (ICIJ) is significant not only through the number of leaked documents – according to Le Monde, there would be about 11.5 million – but also because heavy names could be targeted by the disclosures; Le Soir estimates this is a planetary shock.

At the center of this “cobweb” is law firm Mossack Fonseca based in Panama and specializing in consulting for establishing secret shell companies and offshore accounts for global power players.

Panama constitutes one of the most opaque financial centres and is generally seen as the crossroads for both money laundering and fraud.

The documents from the archives of the Panamanian law firm reveal that between 1977 and 2015 it has created or managed more than 214,000 offshore entities in 21 tax havens for clients from 200 countries and territories.

 

Anti-organised crime head on “Panama Papers” scandal: Money Laundering Office should first scrutinize data

 

The Directorate for Investigating Organized Crime and Terrorism (DIICOT) will proceed to analyzing the cases it has worked on or which are currently underway to being solved, Directorate head prosecutor Daniel Horodniceanu said in connection with the “Panama Papers” scandal, mentioning that the order of competence requires the National Office for the Prevention and Control of Money Laundering to analyse the case and then provide “the processed information.”

“DIICOT will proceed to analyzing what it has worked on or what it currently has in the works, to check on the existence of unknown elements and if we can corroborate these with what we had so far or with what could possibly emerge in the public space in the next period. On the other hand, (…) the National Office for the Prevention and Control of Money Laundering has the most thorough analysis possibilities at hand and they should scrutinize all this data in the next period, process it and then provide us with the processed information, because this would be the order of competence,” Daniel Horodniceanu explained on Tuesday at the Digi24 private television broadcaster.

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