Banks Ordered to Provide Info on Panama Dealings to NY Regulator
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In my honest opinion, I hope this investigation goes somewhere but, I doubt that it will. What do you guys think?
I share your hope, and I partially share your doubt.
[B]On the positive side — [/B]
There is a lot of anger among the general citizenry of many countries, directed toward people and companies seen as evading taxes and/or laundering dirty money. Australia is one of those countries where the anger is intense.
Here’s a VIDEO of a recent Australian Broadcasting Corp. television program called [I]Four Corners[/I] (kind of like the PBS program [I]Frontline[/I] in the U.S.) which you might want to watch. It will probably reinforce the hope you referred to.
[B]On the negative side —[/B]
Regarding your doubt that anything will actually come of all this —
There is very good reason to question who is actually behind these leaked revelations, and what their hidden agenda might be.
Specifically, the two most prominent organizations involved in receiving, decrypting, sorting, and releasing the data hacked from Mossack Fonseca are [I]The International Consortium of Investigative Journalists[/I] (whose articles I have been posting in this thread), and the [I]Süddeutsche Zeitung[/I] (South German Newspaper). Both of these organizations have highly suspicious backers, funders, and/or affiliates. Red flags are raised.
More on this in a future post.
Also, only a tiny percentage of the total 2.6 terabytes of hacked data (11.5 million documents) has been made public, and the flow of new releases has slowed to a trickle. What are we to make of that?
Stay tuned.
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Coming Soon: ICIJ to Release Panama Papers Offshore Companies Data
Excerpt:
The International Consortium of Investigative Journalists will release on May 9 a searchable database with information on more than 200,000 offshore entities that are part of the Panama Papers investigation.
The database will likely be the largest ever release of secret offshore companies and the people behind them.
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Panama Papers Source Offers Documents To Governments,
Hints At More To Come
Source known only as John Doe says
income inequality "one of the defining issues of our time"
and calls on governments to address it.
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Is “John Doe” exposing corruption — or pitching socialism?
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Beyond Panama: Unlocking the world’s secrecy jurisdictions
The publication of the Panama Papers companies data
reveals new details about offshore entities usually kept hidden from the public
in jurisdictions known for secrecy and opacity
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Panama Papers Include Dozens of Americans
Tied to Fraud and Financial Misconduct
[ICIJ Article](https://panamapapers.icij.org/20160509-american-fraudsters-offshore.html)
Mossack Fonseca's files include offshore companies linked to at least 36 Americans
accused of serious financial wrongdoing, including fraud and racketeering
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The Malefactors of Mossack Fonseca
Meet The Dutchman, the Queen of the South, the Boss of Bosses
and other convicted felons and alleged wrongdoers who use the law firm’s services
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If you stash $100,000 of [I][B]your own money in a safe, at home,[/B][/I]
do you think your government has a [I]right[/I] to know about it?
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How is a stash of [I][B]your own money in an offshore bank account[/B][/I] any different?
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How the One Percenters Divorce:
Offshore Intrigue Plays Hide and Seek with Millions
In this story
• Offshore companies used ‘in a game of hide and concealment’ after marriages break down
• Documents list luxury cars and yachts, lavish homes, and art collections
• Spouses face a costly battle to prove ownership of offshore assets in divorce proceedings
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