Watchdogs probe Panama Papers

The Austrian watchdog is investigating two banks after the Panama Papers leak, as other countries react to the disclosures.

VIENNA - Austria's financial markets regulator FMA is investigating whether lenders Raiffeisen Bank International and Hypo Landesbank Vorarlberg followed rules against money laundering.

KIEV - The head of Ukraine's populist Radical party says parliament should launch an impeachment investigation into President Petro Poroshenko over allegations he used an offshore account to avoid tax.

STOCKHOLM - Sweden's Financial Supervisory Authority has contacted authorities in Luxembourg to ask for information related to allegations that banking group Nordea helped some clients to set up accounts in offshore tax havens.

OSLO - Top Norwegian bank DNB helped customers set up offshore companies in the Seychelles and the Financial Supervisory Authority of Norway says it will ask for an explanation from the boards of affected banks.

LONDON - The British government has asked for a copy of the leaked data so it can examine the information and act on any possible tax evasion. PM David Cameron's late father, Ian Cameron, is mentioned in the documents, alongside some members of his Conservative Party in the upper house of parliament, former Conservative MPs and party donors, British media say.

KUALA LUMPUR - A group representing current and former MPs from Southeast Asian countries, ASEAN Parliamentarians for Human Rights, is calling for governments in the region to crack down on large scale corporate tax evasion and pursue more equitable tax regimes.

MOSCOW - Russian media are keeping mum about the $US2 billion ($A2.61 billion) found in offshore accounts linked to close friends of President Vladimir Putin. In Russia, the investigation was published by independent Novaya Gazeta but Russian television made no mention of the scandal.

TOKYO - Japan's biggest security company Secom Co says it has disclosed to tax authorities all necessary information about the management of assets by Mossack Fonseca. Secom said in a statement it understood all services provided by the firm to Secom and its director Makoto Iida and late former director Juichi Toda were legal.

Source AAP

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