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Paradise Papers & Bahamas Leaks & Panama Papers - Latest News

The Panama Papers leak is being referred to as the biggest leak of financial data ever.  Our Firm has started this NEWS PAGE to track the latest news related to the leak. 

January 29, 2019 - Investment banker extradited for helping clients defraud tax authorities
The case is related to the first US prosecution over the Panama Papers scandal. The extradition order was approved after Dirk Brauer, a former employee of Mossack Fonesca’s Asset Management Department was arrested at a Paris airport last November.

January 29, 2019 - Switzerland rejects German Panama Papers offer
Switzerland is the only country that declined an invitation from the German police to sift through the leaked Panama Papers that detail the activities of global banks and financial intermediaries on behalf of wealthy clients.

June 20, 2018 - Panama Papers firm did not know who 75% of its clients were
But an internal audit of the thousands of offshore companies it was acting for revealed that it had no records of the real owners of 75% of offshore entities in Panama, and 72% in the British Virgin Islands (BVI).

June 20, 2018 - 'A Mickey Mouse operation': How Panama Papers law firm dumped clients, lost Miami office
The new documents reveal that Mossack Fonseca couldn’t identify tens of thousands of owners of companies it had registered in opaque, low-tax jurisdictions. Two months after the firm became aware of the records breach, it still couldn’t identify owners of more than 70 percent of 28,500 active companies in the British Virgin Islands, the firm’s busiest offshore hub, and 75 percent of 10,500 active shell companies in Panama, the records show.

June 20, 2018 - Panama Papers: 1.2 Million New Files Reveal Backlash from Angry Clients
a new leak of 1.2 million documents related to the Panama Papers shows a slew of incensed clients frantically condemning Mossack Fonseca, the law firm involved in the 2016 scandal.

April 19, 2018 - EDITORIAL – All about the ‘Papers’: The journalistic assault on global finance
Amid a near-universal chorus of self-congratulatory applause from within the media industry, we at the Cayman Compass have remained with our hands folded politely in our laps. As a news organization based in one of these so-called “nefarious tax havens,” we dissent from our journalistic brethren and, further, deplore and condemn the practice of publishing stolen privileged documents and correspondence between law firms and their clients. Appleby, a victim of the latest theft, appropriately is suing.

April 18, 2018 - Journalists and offshore representatives clash at OffshoreAlert conference
The fight between offshore law firm Appleby and the International Consortium of Investigative Journalists over the publication of the firm’s client data in the international press continued at the annual OffshoreAlert conference in Miami on Monday.

March 16, 2018 - 'Panama Papers' law firm announces that it is closing down
dnesday statement says that at one time it had offices in 40 countries and some 600 employees. But after the 2016 publication of so many secrets it has closed offices and pared its staff to about 50.

March 16, 2018 - 'Panama Papers' law firm Mossack Fonseca shuts down
"Reputational deterioration, media campaign, financial consequences and irregular actions by some Panamanian authorities have caused irreparable damage, resulting in the total ceasing of public operations by this month," Mossack Fonseca said.

November 29, 2017 - Journalist Explains How Panama Papers Opened Up The World's Illicit Money Networks
The book is about illicit money networks and the global elite. A lot of the book is based on the Panama Papers, the 11.5 million documents leaked to journalists from a law firm in Panama that created shell companies in which large corporations and wealthy individuals from around the world parked their money out of the view of their governments and their governments' tax collectors.

November 29, 2017 - How big data technology is transforming fraud investigations
ICIJ and reporters relied on graph technology to connect the dots and highlight the connections in the data to reveal wrongdoings.

November 8, 2017 - Paradise Papers Shine Light on Where the Elite Keep Their Money
The predominantly elite clients of Appleby contrast with those of Mossack Fonseca — the company whose leaked records became the Panama Papers — which appeared to be less discriminating in the business it took on. The records date back to 1950 and up to 2016.

November 8, 2017 - Bono listed in papers showing investments in offshore accounts
Both Bank of Ireland and AIB say they no longer use the tax havens as outlined in the Paradise Papers.

November 8, 2017 - The Guardian view on the Paradise Papers: a light on murky dealings Editorial
The disinfecting sunlight provided by whistleblowing-led investigations since 2013 has fundamentally altered how the world looks at, and regulates, tax affairs.

November 8, 2017 - HMRC urges the BBC and Guardian to hand over information from Paradise Papers so it can investigate tax dodgers
THE TAXMAN urged the BBC and the Guardian to hand over information from the Paradise Papers to allow suspected tax dodgers to be investigated.

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