Key Findings
Millions of leaked files from two financial service providers, a private bank in Jersey and the Bahamas corporate registry reveal how tax havens around the world are used to hide riches. Government officials and their families and associates in China, Azerbaijan, Russia, Canada, Pakistan, the Philippines, Thailand, Mongolia and other countries have embraced the use of … Continued
- Millions of leaked files from two financial service providers, a private bank in Jersey and the Bahamas corporate registry reveal how tax havens around the world are used to hide riches.
- Government officials and their families and associates in China, Azerbaijan, Russia, Canada, Pakistan, the Philippines, Thailand, Mongolia and other countries have embraced the use of covert companies and bank accounts.
- The mega-rich use complex offshore structures to own mansions, yachts, art masterpieces and other assets, gaining tax advantages and anonymity not available to average people.
- Many of the world’s top’s banks – including UBS, Credit Suisse and Deutsche Bank – have aggressively worked to provide their customers with secrecy-cloaked companies in the British Virgin Islands and other offshore hideaways.
- A well-paid industry of accountants, middlemen and other operatives has helped offshore patrons shroud their identities and business interests, providing shelter in many cases to money laundering or other misconduct.
- Ponzi schemers and other large-scale fraudsters routinely use offshore havens to pull off their shell games and move their ill-gotten gains.

IMPACT
ICIJ nominated for Nobel Peace Prize for combating dark money flows
Feb 01, 2021

IMPACT
Advocates celebrate major US anti-money laundering victory
Dec 11, 2020

IMPACT
Notorious tax haven British Virgin Islands to introduce public register of company owners
Oct 12, 2020

Impact
Key US anti-laundering law stalled despite bipartisan support
Aug 10, 2020
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