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Panama Papers: Mossack Fonseca leak reveals elite’s tax havens – BBC News

Length: 3 Minutes 35 Seconds

Published on Apr 3, 2016

Panama Papers: Mossack Fonseca leak reveals elite’s tax havens. A leak of eleven million confidential documents from a Panamanian law firm has revealed the extent to which the world’s rich and powerful use tax havens to hide their wealth. The documents, to which the BBC has had access, show how a law firm helped clients launder money, dodge sanctions, and evade tax. Among the papers are suspicious deals involving a close friend of Russian President, Vladimir Putin. The firm, called Mossack Fonseca, says it has operated beyond reproach for 40 years and have never been accused or charged with criminal wrong-doing. Richard Bilton reports.

Source: BBC and standard Youtube License

 

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Join more than 4,000 ++ leading financial professionals in Asia. Sign up here.

Caproasia.com is the leading source of information, data, research and resource for financial professionals in Asia who manage assets and advise clients. Collectively, they manage more than $20 Trillion assets in Asia in Private Banking, Wealth Management, Multi-Family Office, Family Office, Fund Management, Asset Management, Insurance, Private Equity and Hedge Funds.