CORPORATE TRANSACTIONS & COMPLIANCE BLOG

The Panama Papers Revisited: Global Movements Toward Increased Corporate Transparency

By: Karen Redman, COGENCY GLOBAL INC. on Thu, Oct 25, 2018

On April 3rd, 2016 the International Consortium of Investigative Journalists, together with over a hundred media partners, published findings from 11.5 million files leaked from Panamanian law firm Mossack Fonseca that came to be known as the Panama Papers. These documents exposed 45 years of hidden financial transactions concerning politicians and public personalities around the world. 

Over 2 years later, we have seen the significant movement in legislative reform tackling the misuse of legal entities, such as companies and trusts, primarily by enhancing transparency over who ultimately owns and controls them.

Let's take a look.

 

This article is provided for informational purposes only and should not be considered, or relied upon, as legal advice.

Topics: Corporate Transparency