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Law Firm Mossack Fonseca at Heart of Panama Papers to Shut Down

Law Firm Mossack Fonseca at Heart of Panama Papers to Shut Down

Mossack Fonseca, the law firm at the heart of the “Panama Papers” will be shutting down due to the economic and reputational damages on the firm.  Millions of documents and data was stolen and exposed from Mossack Fonseca, and leaked to the media in April 2016.  Names of powerful people including wealthy and politicians were leaked and exposed in the “Panama Papers” for using offshore corporations to evade or reduce taxes.

“ Law Firm Mossack Fonseca at Heart of Panama Papers to Shut Down “

In February 2017, Panama’s police arrested the law firm’s founders, Ramon Fonseca and Jurgen Mossack on money laundering charges.  They were released in April 2017.

Sources: Reuters, The Guardian, ICIJ

 

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About Mossack Fonseca

Established in 1977, we provide comprehensive international legal services. The firm provides services based on more than 35 years of experience. As part of its added value, the firm offers personal advice and a world-class online experience through a virtual Client Portal which is available 24 hours a day. Our web-based Client Information Portal application allows clients to request companies online, verify the status of companies, in addition to other transactions.

Visit: Mossack Fonseca

 

About Panama Papers

The Panama Papers are documents which were leaked from Mossack Fonseca, a Panama-based law firm which, according to its website, offers “comprehensive legal and trust services.” The website goes on to say that the firm offers “research, advice and services for the following jurisdictions: Belize, The Netherlands, Costa Rica, United Kingdom, Malta, Hong Kong, Cyprus, British Virgin Islands, Bahamas, Panama, British Anguilla, Seychelles, Samoa, Nevada, and Wyoming (USA).” Some of those jurisdictions have been labeled tax havens – including Panama.

Visit: Panama Papers by Forbes

 


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