Ethics and governance in the European Financial centers

In an article a couple of months ago I reported that the Luxembourg jurisdiction was involved in a fraud through the subsidiaries of Icelandic banks in Luxembourg: hundred holding companies registered on the island of Tortola would have been established by Icelandic individuals through the subsidiaries.

As I said the Luxembourg tax haven is there.

Judge Eva Joly will be responsible for the investigation to tighten up the ship.

Two jurisdictions are involved: one the one hand Luxembourg that is on the OECD grey list, and on the other and the UK (London) that is on the OECD white list.

Know more:

Iceland review
Hundreds of Icelandic Companies Registered in Tortola
Iceland Hires International Corruption Hunter
Iceland’s Special Prosecutor Gets reinforcements

L’essentiel
Elle va traquer les capitaux islandais