2016-04-08 14:35

Panama Leaks Draw Warning From Sweden as Tougher Laws Considered

Marcus Ericsson / TT
Marcus Ericsson / TT
The government of Sweden has responded to a series of leaks after Scandinavia’s biggest bank was listed as allegedly having helped clients hide their wealth in offshore accounts with a view to evading taxes.

Per Bolund, Sweden’s minister for financial markets, says he is “upset” by the revelations, which have now prompted the ruling administration to consider tightening its laws to prevent such practices.

The government needs to consider “whether the laws we have are sufficient or whether legal changes are needed,” he said in an interview on Thursday. Sweden’s Financial Supervisory Authority and Tax Agency are already investigating the allegations. “That means that we can go ahead and investigate whether there have been cases where the law hasn’t been followed,” Bolund said.

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