LexisNexis considers the implications of the Panama Leaks

In this short video, André Bywater of Cordery Compliance considers the implications of the Panama Leaks breach.

Sunday’s revelations about the leak of more than 11½ million documents from the Panamanian law firm Mossack Fonseca have significant ramifications in a whole host of different areas of compliance. The leak does not just affect Panama. According to the Mossack Fonseca the firm has offices outside of Panama including 12 offices in Europe. There are indications that other jurisdictions which have traditionally been associated with front companies, including Malta, are also implicated.

The effects of the leak will also be felt outside the financial community. A Twitter hashtag relating to the leak #Panamaleaks has been the top-trending hashtag around the world with more than 1.5m tweets sent with the hashtag on Monday 4th April alone.

See Full Video Here