How World Leaders Laundered Billions Of Dollars
What Are The Panama Papers? http://testu.be/1oCJohG Subscribe! http://bitly.com/1iLOHml The release of the Panama Papers exposed where and how the ...
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In April 2016, the release of information about an 11 and a half million document leak, known as the Panama Papers, shook the world. These documents detail how a law firm based in Panama, Mossack Fonseca, established shell corporations on behalf of some of the most powerful people in the world. These companies were used to avoid taxation, circumvent sanctions, and launder money. So, how do they do that? What exactly is a shell company? Well, as it turns out, these companies are not actually illegal. A shell company is simply an organization that doesn’t produce anything or employ anyone, and exists solely on paper. Most of the time, shell companies don’t even have an office or phone number, and often the owner of the company is kept hidden or made anonymous. Their purpose is to serve as a front ...
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In April 2016, the release of information about an 11 and a half million document leak, known as the Panama Papers, shook the world. These documents detail how a law firm based in Panama, Mossack Fonseca, established shell corporations on behalf of some of the most powerful people in the world. These companies were used to avoid taxation, circumvent sanctions, and launder money. So, how do they do that? What exactly is a shell company? Well, as it turns out, these companies are not actually illegal. A shell company is simply an organization that doesn’t produce anything or employ anyone, and exists solely on paper. Most of the time, shell companies don’t even have an office or phone number, and often the owner of the company is kept hidden or made anonymous. Their purpose is to serve as a front ...
