mo4ch:>Panama Papers: Mossack Fonseca was unable to identify company owners
Panama Papers: Mossack Fonseca was unable to identify company owners
Panama Papers: Mossack Fonseca was unable to identify company owners
By James Oliver
BBC Panorama
20 June 2018
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Getty Images
Image caption
The 2016 Panama Papers revealed the tax havens of the world's elite
A new leak of documents from the offshore service provider at the centre of the Panama Papers scandal reveals the company could not identify the owners of up to three quarters of companies it administered. Two months after becoming aware of the data breach, Mossack Fonseca was unable to identify the beneficial owners of more than 70% of 28,500 active companies in the British Virgin Islands (BVI) as well as 75% of companies in Panama, according to new documents seen by BBC Panorama. At the time, BVI law permitted corporate service providers to rely upon intermediaries, banks, legal firms and other offshore service providers overseas to check the identities of the owners, although they …
Panama Papers: Mossack Fonseca was unable to identify company owners
By James Oliver
BBC Panorama
20 June 2018
Image copyright
Getty Images
Image caption
The 2016 Panama Papers revealed the tax havens of the world's elite
A new leak of documents from the offshore service provider at the centre of the Panama Papers scandal reveals the company could not identify the owners of up to three quarters of companies it administered. Two months after becoming aware of the data breach, Mossack Fonseca was unable to identify the beneficial owners of more than 70% of 28,500 active companies in the British Virgin Islands (BVI) as well as 75% of companies in Panama, according to new documents seen by BBC Panorama. At the time, BVI law permitted corporate service providers to rely upon intermediaries, banks, legal firms and other offshore service providers overseas to check the identities of the owners, although they …