- 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.
- Tax agencies draw up ‘target list’ of offshore enablers
- New Law, New Loophole, New Business for Giant Global Bank HSBC
- Former EU Official Among Politicians Named in New Leak of Offshore Files from The Bahamas
- Tillerson directed offshore company used in Russia deals
- Second LuxLeaks trial verdict to be handed down in March
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