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| The Latest: Icelandic PM to face more protests over accounts | |
| (about 1 hour later) | |
| BERLIN — The Latest on the publication by a coalition of media outlets of an investigation into offshore financial dealings by the rich and famous (all times local): | BERLIN — The Latest on the publication by a coalition of media outlets of an investigation into offshore financial dealings by the rich and famous (all times local): |
| 1:15 p.m. | |
| Iceland Prime Minister Sigmundur David Gunnlaugsson is defying calls for his resignation as opponents plan a second day of mass protests outside the island nation’s parliament building. | |
| The prime minister and his wife have been linked to an offshore company that may represent a severe conflict of interest with his official role. | |
| A wide array of opposition groups are planning protests Tuesday evening seeking new elections. | |
| Parliament was not in session but deliberations on the crisis are expected to resume later this week. | |
| News reports have alleged that Gunnlaugsson and his wife set up a company in the British Virgin Islands with the help of a Panamanian law firm at the center of a massive tax evasion leak. He denies doing anything illegal and says all taxes were paid. | |
| ___ | |
| 11:50 a.m. | 11:50 a.m. |
| Germany’s justice minister is proposing setting up a national “transparency register” that would list the real beneficiaries of letter-box companies — but only those set up in the country itself. | Germany’s justice minister is proposing setting up a national “transparency register” that would list the real beneficiaries of letter-box companies — but only those set up in the country itself. |
| Heiko Maas’ proposal Tuesday to expand national money-laundering legislation followed a massive leak of documents from a Panama-based law firm. German daily Sueddeutsche Zeitung reported Tuesday that 28 German banks used the company’s services to set up or administer over 1,200 shell companies. | Heiko Maas’ proposal Tuesday to expand national money-laundering legislation followed a massive leak of documents from a Panama-based law firm. German daily Sueddeutsche Zeitung reported Tuesday that 28 German banks used the company’s services to set up or administer over 1,200 shell companies. |
| Maas conceded that German legislation could only apply to companies set up in Germany, which has pushed for tax havens to open up. He said: “Those who are pushing for this at the international level have to have corresponding national rules themselves.” | Maas conceded that German legislation could only apply to companies set up in Germany, which has pushed for tax havens to open up. He said: “Those who are pushing for this at the international level have to have corresponding national rules themselves.” |
| Maas added: “I can imagine many countries considering this.” | Maas added: “I can imagine many countries considering this.” |
| Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. | Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. |