International Financial Law Prof Blog

Editor: William Byrnes
Texas A&M University
School of Law

Friday, June 29, 2018

New Panama Papers Leak Reveals Firm’s Chaotic Scramble To Identify Clients, Save Business Amid Global Fallout

ICIJ new report: "Over the year, newly leaked documents show, Mossack Fonseca employees frantically emailed bankers, accountants and lawyers – the professionals who had hired the firm to set up shell companies for wealthy clients who wanted to remain anonymous – in an attempt to close the gaps in its recordkeeping. Those intermediaries responded with panic and fury."

“THE CLIENT DISAPPEARED! I CAN NOT FIND HIM ANYMORE!!!!!!!,” Nicole Didi, a Swiss wealth management adviser, wrote in March 2017. A long-time intermediary of Mossack Fonseca, she acted for 80 companies set up by the firm.  Read the full story at ICIJ.

https://lawprofessors.typepad.com/intfinlaw/2018/06/new-panama-papers-leak-reveals-firms-chaotic-scramble-to-identify-clients-save-business-amid-global-fallout.html

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