As Reported on MSM.com Wednesday 11 September, The trial of 27 people connected with the
Panama Papers tax evasion scandal began in a Panamanian criminal court on Monday, some eight years after the revelations first emerged.
Among the defendants are German-born Jürgen Mossack, and Ramon Fonseca, the co-founders of a Panama-based law firm that was at the center of the document leak in 2016.
Mossack, Fonseca and other former employees of the law firm are facing money laundering charges based on allegations the law firm set up shell companies in tax havens.
Fonseca has previously said the firm, which closed in 2018, had no control over how its clients might use offshore vehicles created for them.
Wealthy, younger investors have a very different view of the best way to invest than their older peers, preferring real estate, cryptocurrencies and digital assets, and private equity to U.S. stocks,
The AML Regulation and the new AML DirectiveArguably the most important change will be the introduction of a Regulation that will apply directly in all Member States. This will mean that most of the
European financial institutions will have to assess whether ESG risks could threaten their business models and risk profiles under draft rules tabled by the EU’s top banking regulator. The European
The city is competing against Singapore, Dubai and other hubs to be a location for ultra-high net worth families and family offices. More than 130 family offices plan to set up or widen operations in