ANNEX Ic

DRAFT indicative timeline/ roadmap for PANA works

Updated 17 November 2016

Date
Tuesday,12 July
10.00 - 10.30
Committee meeting
Thursday 8 September,
9.00 - 11.00
and 12 September
19.30 - 22.00
(Strasbourg)
Coordinators meeting

By 23 September

Topic / objective

Invited representatives/guests / Comments

Deadline written
questions

PANA Report

Constitutive meeting

Working methods of the

Committee, studies, internal
decisions
LS presentation
Finalisation of the studies:
- Overview study of the provisions
laid down in the EU
Directives/Regulations that have
to be investigated.
- Overview of alleged breaches of
Union law disclosed by the
Panama Papers

Tuesday, 27 September
09.00 - 11.30
Committee meeting

What do the Panama papers

reveal?

Wednesday 12 October
09.00 - 11.00
Coordinators meeting

Follow-up of previous coordinators

meeting: decisions on studies,
missions, roadmap (until the end
of the year), discussion on access
to documents,

Hearing with journalists

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Date

Thursday, 13 October
9.00 - 12.30
Committee meeting

Topic / objective
International standards set at
supranational level by
international/ intergovernmental
bodies, and their enforcement
Workshop on How to be well

19 & 20 October 2016

Week 43 at the latest

(Oct)

prepared for a hearing /

investigation

Invited representatives/guests / Comments

Deadline written
questions

PANA Report

Hearing with OECD, FATF/GAFI, Moneyval,

EBA, UN representative (Michael Lennard on
videoconference)
Workshop with Elise Bean, former staff
director and chief counsel of the US Senates
Permanent Subcommittee on Investigations
(she prepared US Senators for the hearings
on Offshore leaks)

Information received from the

Commission: Overview of COM
enforcement action on EU law to
be investigated under the Panama
mandate (list of infringement
cases (breakdown by MS) and
presentation of common trends of
infringement). Overview of state
of play of implementation of 4th
AMLD - breakdown by MS

Tuesday, 8 November,
09h00-11h00
Coordinators meeting

Tuesday, 8 November
14.00 - 15.30
Committee meeting

Theme: State of implementation

and Enforcement action by the
Commission of existing EU
legislation on Anti-Money
Laundering: state of play of the
implementation of EU legislation

Exchange of views with Commissioner

Jourova

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Date

Topic / objective

Invited representatives/guests / Comments

Deadline written
questions

PANA Report

1st panel:
- Speakers from OLAF, EUROPOL, EUROJUST,
Monday, 14 November
15.00 - 18.30
Committee meeting

Wednesday, 16
November
11.00 - 12.30
Extraordinary meeting

Theme: Anti-money laundering

and tax evasion: Who assures
compliance with the rules and
enforces them?

2nd panel:
- Speakers from CTIF-CFI, Belgian Financial
Intelligence Unit (FIU), Michel Claise, Belgian
investigative judge, Investigation Group
Organised Group - Tax Fraud of the North
Rhine-Westphalia tax authorities, College of
the French prudential supervisor

Exchange of views with Professor

Joseph Stiglitz

Monday, 21 November,
19h00-22h00
(Strasbourg)
Coordinators meeting
Thursday, 7 December
15.00 to 18.30
Committee meeting

Fight against tax evasion and antimoney laundering: state of play of

progress made at EU level +
priorities incoming presidency

Week 49?

Lessons learned by the Minister of

Rhine-Westphalia on the Panama
Papers

Exchange of views with Commissioner

Moscovici (confirmed, from 15.00 to 16.30)
Minister of Finances of outgoing and
incoming Presidencies (tbc)
FATF?
Exchange of views of Norbert Walter-Borjans,
the minister of finance of North RhineWestphalia. This meeting could take place in
the format of an open coordinators meeting.
(subject to agreement of coordinators,
availability of Minister)

Monday, 23 January,
15h00-17h00
Coordinators meeting

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Date

Tuesday, 24 January
9.00 - 12.30
Committee meeting

Topic / objective

Theme: role of intermediaries in

the Panama papers; assessment
of their legal obligations under
existing legislation and possible
breaches 1

Invited representatives/guests / Comments

Deadline written
questions

PANA Report

Hearing with Intermediaries (including

Mossack Fonseca): financial institutions, audit
firms, tax advisors, consultants, law firms
(a one, 1,5 day meeting may be needed for
this)
Maybe break down by category: regulated
intermediaries under current law (financial
institutions, audit firms, tax advisors, law
firms) vs. non-regulated intermediaries
(consultants) assessment of need for
regulation?
Speakers to be selected from groups
proposals:
- Mossack Fonseca (Jrgen Mossack ,
Eduardo Fonseca and Director Christoph
Zollinger and other law advisory firms
revealed to facilitate systematic tax evasion
by companies and individuals
- former employees from Mossack Fonseca

- Academics, NGOs and/or personalities that

are mentioned at the end of the document

Request from GUE group to have one or two case studies: One of these studies could, for example, focus on the activities of Deutsche Bank. Potentially in

combination with the much smaller Berenberg Bank, Deutsche Bank would certainly be one prime example that we could look at th oroughly in terms of compliance
with AML due diligence and general involvement in helping clients set up offshore structures. Deutsche Bank's ties with tax havens is clearly stated in Obermayer's
and Obermaier's book on the Panama Papers. They write that "all in all, Deutsche Bank has arranged or managed more than 400 o ffshore companies for its clients"
and that Deutsche Bank's involvement was the "largest and most scandalous" (pp. 246 and 249).
Another case study could scrutinise the activities of law firms, such as Mossack Fonseca.
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Date

Topic / objective

Invited representatives/guests / Comments

Deadline written
questions

PANA Report

could be added here

Michael West (investigative journalist) to

speak on the Big Four accountancy firms
together with 1-2 representatives of those
firms
Representatives from Matheson, the
Dublin-based law firm that represents
technology firms, hedge funds and others.
Burson Marsteller

- Law Firms that appears in the Panama

papers acting as intermediaries with
hundreds of entities, such as Mr Gabriel Jos
Pretus Becerra, founder of 'Bufete G. Pretus',
Mr Rafael Roca from "Roca Asociados,
"Cuatrecasas";
- Percy Castle, Casahierro Abogados;

Raul Castro, Morgan & Morgan (on US tax

citizens with assets in Latin America,
specifically Panama);
Nils Harbeke, Pistalozzi Law (on tax
returns, questionable expenses and
fictitious invoices);
Sergio Giacomini (President of the Swiss
Bar Association)

BANKS:

Nordea Bank
HSBC bank
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Date

Topic / objective

Invited representatives/guests / Comments

Thursday, 26 January
9.00 - 12.30
Committee meeting

Priorities Presidency

Thursday, 26 January
14.00 - 15.30
Workshop

Workshop organised by PolDep A

on " Offshore activities and money
laundering: some recent findings

Week 4 (Jan)

Finalisation of the study on the

role of intermediaries and auditors

Deadline written
questions

PANA Report

Socit Gnrale
Deutsche Bank
Landesbanken (u.a. Bayern LB)
Crdit suisse
UBS, JP Morgan,
Whistleblower Hernan Arbizu, former Vice
President of JP Morgan Argentina

Key hedge funds from the shadow banking

sector implicated in the Panama Papers
- Two former compliance officers of German
Berenberg Bank, which has been heavily
cited in PP matters. Both have been made
redundant after alerting dubious practices to
their management and would be willing to
testify at our committee. We also propose to
invite the CEO of the bank as well, as he is
also representing the German banking
association at the moment.
If needed:
Exchange of views with Ministers of Finances
of Malta and Slovakia - Possibly joint
PANA/ECON meeting
Or possibly: continuation of the hearing with
intermediaries

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Date

Topic / objective

Invited representatives/guests / Comments

Deadline written
questions

PANA Report

Hearing with national parliaments who have

set up an inquiry Committee (or a Committee
of similar effect) following the Panama
papers. Exchange of views and useful
recommendations. This could be a joint

Interparliamentary week
31 January am

Tuesday, 31 January,
15h00 - 17h00
Committee meeting (tbc, to
be checked whether if would
be authorised given the
Inter Parliamentary Week)

Reaction to Panama Papers:

situation in the different MS
(national inquiry committees, state
of play)

In-depth discussion on National

Inquiries vs Pana Inquiry

parliamentary session during Parliamentary

week end January.
Suggested speakers:

Representative from national Parliaments of

Austria, Belgium (Ahmed Laaouej), Finland,
Germany, the Netherlands and Malta (only
Belgium and the Netherlands have or are
considering setting up an inquiry Committee).
Representative of the Irish government, or
economist Seamus Coffey2
Mark Pieth
Eric and Alain Bocquet members of the
French Assembly and Senate
PANA meeting with some National
Parliaments

Tuesday 31 January
17.00 - 18.30
Coordinators meeting (tbc)

Seamus Coffey is working on an independent study for the Irish government as regards a review of the Irish tax code (see page B 30 and 31 of

https://www.google.be/url?sa=t&rct=j&q=&esrc=s&source=web&cd=3&ved=0ahUKEwivp6lupjQAhUBMxQKHcE5D70QFggpMAI&url=http%3A%2F%2Fwww.budget.gov.ie%2FBudgets%2F2017%2FDocuments%2FBudget%25202017%2520%2520Full%2520document.pdf&usg=AFQjCNGla482fzXcOrUYAOr1moEReQLM2g&sig2=rt2GKakiGwNNDSrtkmfbzw&bvm=bv.137904068,d.d24
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Date

Topic / objective

Invited representatives/guests / Comments

Deadline written
questions

PANA Report

Hearing with Intermediaries (including

Mossack Fonseca): financial institutions, audit
firms, tax advisors, consultants, law firms
(a one, 1,5 day meeting may be needed for
this)
Maybe break down by category: financial
intermediaries vs. non-financial
intermediaries (consultants)
Speakers to be selected from groups
proposals:

Thursday, 9 February
9.00 - 12.30
Committee meeting

Theme: role of intermediaries in

the Panama papers; assessment
of legal obligations under existing
legislation and possible breaches
GENERAL COMMENT from groups:
2 days might be needed for this
theme.

- Mossack Fonseca (Jrgen Mossack ,

Eduardo Fonseca and Director Christoph
Zollinger and other law advisory firms
revealed to facilitate systematic tax evasion
by companies and individuals

Michael West (investigative journalist) to

speak on the Big Four accountancy firms
together with 1-2 representatives of those
firms
Representatives from Matheson, the
Dublin-based law firm that represents
technology firms, hedge funds and others.
Burson Marsteller

- Law Firms that appears in the Panama

papers acting as intermediaries with
hundreds of entities, such as Mr Gabriel Jos
Pretus Becerra, founder of 'Bufete G. Pretus',
Mr Rafael Roca from "Roca Asociados,
"Cuatrecasas";

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Date

Topic / objective

Invited representatives/guests / Comments

Deadline written
questions

PANA Report

- Percy Castle, Casahierro Abogados;

Raul Castro, Morgan & Morgan (on US tax

citizens with assets in Latin America,
specifically Panama);
Nils Harbeke, Pistalozzi Law (on tax
returns, questionable expenses and
fictitious invoices);

BANKS:

Nordea Bank
HSBC bank
Socit Gnrale
Deutsche Bank
Landesbanken (u.a. Bayern LB)
Crdit suisse
UBS, JP Morgan,
Whistleblower Hernan Arbizu, former Vice
President of JP Morgan Argentina
Key hedge funds from the shadow banking
sector implicated in the Panama Papers
Two former compliance officers of German
Berenberg Bank (Ms Aleksandra Helena
Sobisz and Ms Katrin Keikert) , which has
been heavily cited in PP matters. Both
have been made redundant after alerting
dubious practices to their management
and would be willing to testify at our
committee. We also propose to invite the
CEO of the bank as well, as he is also
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Date

Topic / objective

Invited representatives/guests / Comments

Deadline written
questions

PANA Report

representing the German banking

association at the moment. 3

9 pm-10 February

Possible delegation to UK
Circulation of the study/ briefing
for the delegation visit to
Luxembourg

22 February

Possible delegation to Lux

Thursday, 2 March,
14h00-16h00
Coordinators meeting

Monday, 6 March
15.00 - 18.30
Committee meeting

Theme: role of intermediaries in

the Panama papers; assessment
of legal obligations under existing
legislation and possible breaches

Draft final report

available in EN

Continuation of meeting of 9
February

Monday, 13 March, 19h00

- 22h00 (Strasbourg)
Coordinators meeting

Contacts were received by PANA secretariat from Fabio De Masi on 15 October

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Date

Week 12 (20-24 March)

Topic / objective

Invited representatives/guests / Comments

Deadline written
questions

PANA Report

Possible mission to US
Hearing with the ministers or representatives
from jurisdictions that are considered as tax
havens by the EU (the EU list is expected by
the end of 2016)
Suggested speakers to be selected from
groups proposals:

Tuesday, 21 March
15.00 - 18.30
Committee meeting
Possibly cancelled,
depending on the decision of
CoP - Mission to US

Tax havens AND consideration of

draft report

Uncooperative jurisdictions exposed to be

involved in the Panama Papers, including
British Virgin Islands. (Financial Secrecy
Index could prove a good parameter)
Panama authorities
Jordi Cinca Mateo (Andorra Finance
Minister involved in the Panama Papers)
US States with dubious practices on
beneficial ownership, i.e. Delaware,
Nevada and Wyoming Invite governors
or state-level civil servants to explain their
practices

Consideration of draft
report

Bill English, Finance Minister of New

Zealand on cooperation and sharing best
practice in combatting tax evasion, money
laundering etc.

British Oversees Territories and Crown

Dependencies.

Academics and critics of tax havens:

Gabriel Zucman (UC Berkeley)

Juan Hernndez Vigueras (author)
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Date

Topic / objective

Invited representatives/guests / Comments

Deadline written
questions

PANA Report

Ronen Palan (City University London)

Hearing with the ministers or representatives

from jurisdictions that are considered as tax
havens by the EU (the EU list is expected by
the end of 2016)
Suggested speakers to be selected from
groups proposals:

Tuesday, 28 March
9.00 - 12.30
Committee meeting
(replacing 21 March)

Tax havens AND consideration of

draft report

Uncooperative jurisdictions exposed to be

involved in the Panama Papers, including
British Virgin Islands. (Financial Secrecy
Index could prove a good parameter)
Panama authorities
Jordi Cinca Mateo (Andorra Finance
Minister involved in the Panama Papers)
US States with dubious practices on
beneficial ownership, i.e. Delaware,
Nevada and Wyoming Invite governors
or state-level civil servants to explain their
practices

Consideration of draft
report

Bill English, Finance Minister of New

Zealand on cooperation and sharing best
practice in combatting tax evasion, money
laundering etc.

British Oversees Territories and Crown

Dependencies.

Academics and critics of tax havens:

Gabriel Zucman (UC Berkeley)

Juan Hernndez Vigueras (author)
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Date

Topic / objective

Invited representatives/guests / Comments

Monday, 3 April,
19h00-22h00
Coordinators meeting
(replaces meeting of 11
April)
Thursday 6 April (SB)
8:30 - 11.00
Committee meeting
(Replaces meeting of 12
April)
Week 16 (April)
Delegation (possibly)

PANA Report

Ronen Palan (City University London)

Deadline for
amendments4

Monday, 27 March
12h00

30 March pm-31 March

Deadline written
questions

Possible delegation to Malta

Exchange of views with

Commissioners Jourova and
Moscovici

Consideration of
amendments

And Consideration of amendments

Mission to Malta (tbc)

Tuesday, 2 May
15h00-17h30
Coordinators meeting
Wednesday, 3 May
15.00 - 18.30
Committee meeting
(there has been a swap of
4

Theme: national compliance with

relevant EU legislation,
implementation and enforcement

Hearing with Ministers of Member States and

3rd countries concerned by the Panama
Papers

Deadline for amendments should ideally take place after the hearing with Ministers
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Date
the themes of the 6 April
and 3 May meetings
because the 6 April meeting
will be in SB)

Topic / objective
(a one day meeting may be
needed for this)

Invited representatives/guests / Comments

PANA Report

Speakers to be selected from groups

suggestions:

Thursday, 4 May
9.00 - 12.30
Committee meeting

Deadline written
questions

National tax administrations, e.g. head of

offices for tax rulings, from, at least,
Luxembourg, Ireland, Netherlands,
Belgium, Malta, Cyprus
Danish Minister for Taxation Karsten
Lauritzen
Cristobal Montoro, Spanish Minister of
Finance and Public Administrations since
2011 and former MEP (2004-2008), to
speak on the fight against tax evasion in
Spain.
British Finance Minister Philip Hammond
Irish Finance Minister Michael Noonan and
Irish Revenue representative
German authorities to discuss deficiencies
in transposition AML in Germany
Finance Ministers of the Netherlands and
Belgium
Former British Prime Minister David
Cameron
Miguel Arias-Caete, European
Commissioner for Industry
Vote in PANA on final
report

Vote in PANA on final report

Thursday, 18 May,
10h00-12h30
(Strasbourg)
Coordinators meeting

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Date
Week 21 (May)
Delegation (possibly)

Topic / objective

Invited representatives/guests / Comments

Deadline written
questions

Possible delegations to countries

Tuesday, 30 May
15.00 - 18.30
Committee meeting
In case mandate is
extended
Thursday, 1st June

PANA Report

Debate / vote in
Plenary

Debate / vote in Plenary

Groups Suggestions that could not be included in the roadmap given the limited number of meetings or which do not seem to fit
with the themes of the above mentioned hearings/ events5:

- Workshop on whistleblowers;
- WORKSHOP on money laundering, comparison of the old and revised AMLD, taking in consideration especially the issue of trusts
- On public investment and the use of sanctions. Dialogue with representatives from the EIB, EBRD, EFSI and others and put pressure on them
to come up with ethical investment strategies which means no EU public money can go to individuals or companies, or through countries, which
have been found to be complicit in tax evasion, aggressive tax avoidance, money laundering or terrorist financing. PANA should also put
pressure on the Council and the Commission to undertake a more general revision of EU funding under the Financial Regulation so that other
measures can also be taken, such as withdrawing Common Agricultural Policy funding from companies registered in tax havens (a s required by
the ECON INI report)
- Hearing with Ministers to share our findings and ask what has been done since the revelations (at the end of PANA work)
- (during interpaliamentary week)- Workshops with the rapporteurs from national parliaments on single issues (CBCR, AMLD, tax heavens...)
5

The roadmap is a living document. It is a suggestion by the Secretariat based on contributions received from political groups and should be considered as such. Coordinators are
consulted on the roadmap at each coordinators meeting. Persons/ events mentioned below will therefore be added to the roadmap in the course of the PANA mandate.
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- A hearing should be held on the theme of Policy proposals and best practice and focus on proposals for reform from experts, academics and
NGOs. (Ideally the amendments will still be open at this stage).
Speakers could be:

Markus Meinzer (Tax Justice Network, to speak on tax havens, information exchange systems, transparency standards, antimoney laundering standards etc.)

Prof. Prem Sikka (University of Essex) or George Rozvany (tax lawyer) to speak on regulating the Big Four accountancy firms

Prof Sol Picciotto on tax regulations

Appropriate other experts and academics

- if mission to the US is approved: US anti-money laundering standards can differ from European ones, therefore we would like to hear from
US officials about their own standards and means for implementations and enforcement 5IF MI
- Hearing on the revelations of the Panama Papers involving developing countries:

Speakers: e.g. Eurodad, Global Witness, Journalists, developing countries officials...

Third countries authorities:
o Minister of Ecuador
o Tax administrations representatives from the Developing Countries

- Speakers that are not yet mentioned in the roadmap but who are mentioned by at least one political group:
Jack Blum: US leading white collar defence attorney, specialised in money laundering
Representative of NGOs: e.g.Tax Justice Network
Members from the OECD JITSIC (Joint International Taskforce on Shared Intelligence and Collaboration) network
Members of the Spanish investigation team from El Confidencial and La Sexta
Mr Rodrigo Rato as former Spanish Minister of the Economy and Managing Director of the International Monetary Fund;
Advocat and former employee of the US Treasury Neil Barovsky;
Brooke Harrington, Danish sociologist and asset manager;
Jean Ziegler, Swiss author;
Representative of FIFA;
Marius Kohl and Wim Piotte from PwC Luxembourg as well as Fabien Grasser from Le Quotidien Luxembourg on allegations of

administrative corruption in the context of the Luxembourg tax ruling practice as evidenced by Raphael Halet in his trial in Luxembourg
(alternatively to be covered in delegation visit to Luxembourg).
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former Icelandic President,

other politically exposed persons (see here: http://www.voanews.com/a/political-leaders-named-in-panama-papers/3268158.html or
here: https://en.wikipedia.org/wiki/Panama_Papers)
Konrad Mizzi and Keith Schembri
Panama Govoernment
Carlos Zeyen
Sergej Roldugin(key figure in the Panama Papers revelations from the Russian perspective)

- The PANA committee should make a public call to receive information by any interested person, including whistleblowers. Any c ontributing
person could be invited to participate to a hearing if the information they shared with the committee is deemed relevant for the fulfilment of the
PANA committee mandate. For example, the Committee could look at specific cases, such as the money laundering case from banqu e Pasche
Monaco / Crdit Mutuel. It looks like investigations in France are progressing but not in Monaco, which has signed agreements to exchange tax
information with other European countries. We can provide additional information.
- One of the hearings should examine the Bahamas Leaks revelations including calling the figures directly implicated including Neelie Kroes (also
as regards her role as former Commissioner on Competition) and Mauricio Macri (the President of Argentina is related to revelations from
Bahama Leaks as well as Panama Papers, and the whole structure that seems to have been exposed includes some Italian companies as well;
see http://www.pagina12.com.ar/diario/elpais/1-309699-2016-09-18.html and http://www.pagina12.com.ar/diario/elpais/1-309974-2016-09-22.html).

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