We have now been hearing of Panama Paper Leaks for quite some time now and this is no more a new topic.
However, it is to be noted that this massive database has details of proxies, beneficial owners, intermediaries and their jurisdictions, but not their bank account particulars, email audit trail and/or financial transactions.
- Revelation of 140 politicians and the link in their offshore holdings around the globe;
- World leaders and kings that include Ukraine and one of the middle eastern country
- About 214,000 offshore entities appear in the leak, connected to people in more than 200 countries and various jurisdictions
- Big Banks create obscure companies in offshore havens
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