Billionaire George Soros, who has spent millions of dollars financing Democrats and left-wing causes, used a controversial Panamanian law firm to establish a web of offshore investment partnerships that operate around the world and out of the scrutiny of U.S. regulators, according to leaked documents.
What would Hermione Granger say? Actress Emma Watson has been named in the so-called “Panama Papers” as having used a company based in a Caribbean tax haven to handle her money, it was revealed Tuesday.
The “Panama Papers” database went live and searchable today, stripping the veil of secrecy from thousands of offshore shell companies and the people who have used them to launder money, hide evidence of crimes, and keep income from the taxman.
Israel has launched a probe into companies and individuals exposed by the “Panama Papers” data leak to have holdings in offshore accounts.
In accordance with national laws and international agreements, firms such as Mossack Fonseca, which help establish companies and open bank accounts, are supposed to be wary of customers who may be involved in money laundering, tax evasion or other crimes.