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.
In a significant development for the Cayman Islands, the jurisdiction has been removed from the Financial Action Task Force (FATF) list of countries needing to enhance their anti-financial crime measures.
Press Release from: Carey Olsen, Thursday 8 February, 2024. Carey Olsen Hong Kong has advised on the Cayman Islands legal and regulatory aspects of the formation of Align Partners Korea Fund, Align
U.S. President-elect Donald Trump’s nominee to run the Internal Revenue Service, former Rep. Billy Long, didn’t serve on the House committee tasked with writing tax policy during his six
Hedge funds snapped up battered Chinese stocks over three days last week at the fastest pace in more than five years, Goldman Sachs wrote in a note to clients. The cumulative net buying of Chinese equities