Press release / March 15, 2018

Global Witness Statement on news that Panamanian law firm Mossack Fonseca is to close

“The Panama Papers exposed the vehicles used by the criminal and corrupt to steal billions. The incredible investigative work by the International Consortium of Investigative Journalists (ICIJ) has hit Mossack Fonseca - the company at the heart of the leak - where it hurts, its bottom line.” Said Global Witness anti-corruption campaigner Naomi Hirst.

“But the mechanisms Mossack Fonseca used remain in place - half of the companies featured in the Panama Papers were registered in the British Virgin Islands where secrecy still prevails. The criminal and corrupt simply need to find someone else to help them navigate a series of broken financial systems.”

/ ENDS

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Ava Lee

Ava Lee, Senior Communications Advisor, Anti-Corruption

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