“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
Contacts
You might also like
-
Blog post As Panama Papers dramatised for the big screen, issues they uncovered remain evergreen - Updated
Three years on, the impact of the Panama Papers has been profound. Government officials have resigned. Executives have been sacked. Criminal charges have been filed.
-
The Paradise Papers
The ‘Paradise papers’ revelations shine a fresh light on how the secrecy for sale in tax havens facilitates tax evasion, organised crime and corruption.
-
Blog post Five things the UK government said it would do (but hasn't) since the Panama Papers to tackle corruption
It’s been 18 months since the Panama Papers broke. When that story first revealed the scale of the UK’s offshore industry and the damage it does, the UK government recognised the problem and committed to address it. But so far, the UK government has done nothing.