The illegal monies need to be repatriated to their rightful countries. Am curious to how much of the money was deposited by now dead of the globally wealthy. There has to be deposits no one knew about except the corrupt.
Mossak Fonseca has global reach.
"The Panama Papers"
April 4, 2016
By Richard Bilton
A huge leak of confidential documents (click here) has revealed how the rich and powerful use tax havens to hide their wealth.
Gerard Ryle, director of the International Consortium of Investigative Journalists (ICIJ), said the documents covered the day-to-day business at Mossack Fonseca over the past 40 years.
It should be interesting.
Mossak Fonseca has global reach.
April 4, 2016
By Richard Bilton
A huge leak of confidential documents (click here) has revealed how the rich and powerful use tax havens to hide their wealth.
Eleven million documents were leaked from one of the world's most secretive companies, Panamanian law firm Mossack Fonseca.
They show how Mossack Fonseca has helped clients launder money, dodge sanctions and evade tax.
The company says it has operated beyond reproach for 40 years and has never been charged with criminal wrong-doing.
The documents show links to 72 current or former heads of state in the data, including the Icelandic Prime Minister, Sigmundur Gunnlaugson, who had an undeclared interest linked to his wife's wealth and is now facing calls for his resignation.
The files also reveal a suspected billion-dollar money laundering ring involving close associates of President Putin.
Gerard Ryle, director of the International Consortium of Investigative Journalists (ICIJ), said the documents covered the day-to-day business at Mossack Fonseca over the past 40 years.It should be interesting.
"I think the leak will prove to be probably the biggest blow the offshore world has ever taken because of the extent of the documents," he said.
Eleven million documents held by the Panama-based law firm Mossack Fonseca have been passed to German newspaper Sueddeutsche Zeitung, which then shared them with the International Consortium of Investigative Journalists. BBC Panorama and UK newspaper the Guardian are among 107 media organisations in 78 countries which have been analysing the documents. The BBC does not know the identity of the source...
Forty years of documents will take far less time to analyze the information. I would not be surprised if there is an incredible shift in the global paradigm.
...The data also contains secret offshore companies linked to the families and associates of Egypt's former president Hosni Mubarak, Libya's former leader Muammar Gaddafi and Syria's President Bashar al-Assad.
Oops, there it is. The sanctions against Russia exposed the global corruption. Those monies need to be returned to the national treasuries of the country they were hid from even when a global economic collapse occurred.
Eleven million documents held by the Panama-based law firm Mossack Fonseca have been passed to German newspaper Sueddeutsche Zeitung, which then shared them with the International Consortium of Investigative Journalists. BBC Panorama and UK newspaper the Guardian are among 107 media organisations in 78 countries which have been analysing the documents. The BBC does not know the identity of the source...
Forty years of documents will take far less time to analyze the information. I would not be surprised if there is an incredible shift in the global paradigm.
...The data also contains secret offshore companies linked to the families and associates of Egypt's former president Hosni Mubarak, Libya's former leader Muammar Gaddafi and Syria's President Bashar al-Assad.
Oops, there it is. The sanctions against Russia exposed the global corruption. Those monies need to be returned to the national treasuries of the country they were hid from even when a global economic collapse occurred.
Russian connection
It also reveals a suspected billion-dollar money laundering ring that was run by a Russian bank and involved close associates of President Putin.
The operation was run by Bank Rossiya, which is subject to US and EU sanctions following Russia's annexation of Crimea.
The documents reveal for the first time how the bank operates....
All these monies are corrupt. These monies are evidence to international criminal violations in law. There are no monies exempt from criminal activity. I can't really, nor do I want to understand how a national leader can rob their countries of direly needed funds.
The IMF needs to be among the first international institutions that have the right to issue legal standing to the claim of these monies.
It is appalling to realize national leaders prioritized with an underlying priority.
The documents reveal for the first time how the bank operates....
All these monies are corrupt. These monies are evidence to international criminal violations in law. There are no monies exempt from criminal activity. I can't really, nor do I want to understand how a national leader can rob their countries of direly needed funds.
The IMF needs to be among the first international institutions that have the right to issue legal standing to the claim of these monies.
It is appalling to realize national leaders prioritized with an underlying priority.
