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Panama Papers: Mossack Fonseca leak reveals elite's tax havens

bbc.com

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Re: Panama Papers: Mossack Fonseca leak reveals elite's tax havens

#21

Post by wyck »

Panama just passed compliance with FATF (February 2016) and it's a message that their political leader/law firm owner/world's largest money launderer (his name is in the OP's title) is no longer open for business after decades of being the go-to place for hidden $$$.

http://www.fatf-gafi.org/countries/#Panama

"The FATF recognised that Algeria, Angola and Panama have made significant progress in improving their regimes to combat money laundering and terrorist financing and will therefore no longer be subject to the FATF’s monitoring process."

Also let's not forgot about the CIA's asset Noriega and decades of money laundering which started all this, including recently trying to wipe cloud data off a Nevada company logs. http://www.mcclatchydc.com/news/nation-world/national/articl...

tl;dr - This is a multi-state G20 planned leak and not the work of some moral insider or hacker, the money laundering world is becoming a difficult place for outsiders. Real leaks don't have fancy websites with responsive vectorized portraits and a full on content /social media structure.

Re: Panama Papers: Mossack Fonseca leak reveals elite's tax havens

#23

Post by erglkjahlkh »

halotrope wrote: post #19
erglkjahlkh wrote: post #13

Earlier quoted context omitted.

That kind of makes sense. The internet sleuths would analyze it in minutes further than the reporters ever could. They like their jobs so they insist on keeping that data to themselves. Edit: Ahh, hackernews, the tumblr sister site where inconvenient truth means downvotes :D

Actually its: Hacker News - The little island that is not corrupted by sarcasm and sensationalism.

Well, it is actually pretty interesting how the information has been managed in case. The press wants their own piece after they lost the previous major leaks completely. It's actually pretty relevant discussion about the future of an industry that has been in slow decline for the last decades. In case someone interprets that as sarcasm or sensationalism that is probably an attitude problem, or perhaps an issue with low media interpretation skills.

I have found Hackernews as one of the islands that really acts still like penguins. Strong engineering culture, and just like penguins people just love guarding their rocks and throwing poo at others, just in certain style that is very typical to technical communities. Sarcasm should be the last of issues when compared to that.

Re: Panama Papers: Mossack Fonseca leak reveals elite's tax havens

#24

Post by randomname2 »

Selected quote:

"The ICIJ findings include evidence that:

- Offshore companies linked to the family of China's top leader, Xi Jinping, as well as Ukrainian President Petro Poroshenko, who has positioned himself as a reformer in a country shaken by corruption scandals

- 29 billionaires featured in Forbes Magazine's list of the world's 500 richest people

- Icelandic Prime Minister Sigmundur David Gunnlaugsson and his wife secretly owned an offshore firm that held millions of dollars in Icelandic bank bonds during the country's financial crisis

- Associates of Russian President Vladimir Putin secretly shuffled as much as $2 billion through banks and shadow companies

- New details of offshore dealings by the late father of British Prime Minister David Cameron, a leader in the push for tax-haven reform

- Offshore companies controlled by the Prime Minister of Pakistan, the King of Saudi Arabia and the children of the President of Azerbaijan

- 33 people and companies blacklisted by the US Government because of evidence that they have done business with Mexican drug lords, terrorist organisations like Hezbollah or rogue nations like North Korea

- Customers including Ponzi schemers, drug kingpins, tax evaders and at least one jailed sex offender

- Movie star Jackie Chan, who had at least six companies managed through the law firm"

Re: Panama Papers: Mossack Fonseca leak reveals elite's tax havens

#25

Post by G5ANDY »

dang wrote: post #3

We changed the URL from http://panamapapers.sueddeutsche.de/articles/56febff0a1bb8d3... , despite HN's strong preference for original sources, because that page begins with an obnoxiously theatrical video that there seems to be no way to turn off. I'm pretty sure HN prefers its news articles without movie trailers.

It was a tough call, for me too, thx.

Re: Panama Papers: Mossack Fonseca leak reveals elite's tax havens

#27

Post by iheartmemcache »

lstamour wrote: post #18

FYI, for those looking for more data, stay tuned: > ICIJ media partners been allowed to select profiles they believe are of interest to their audiences which may result in similar interactives with fewer profiles. The information in the interactive is current as of April 3, 2016 and the offshore data up to December 2015. ICIJ will release the full list of companies and people in the Panama Paper files in early May. F…

Some of the data is available here[0]

For those of you who are wondering. ICIJ is funded by the CPI, one of the more "liberal" (e.g. if you consider the NYT 'liberal') think tanks. In my mind it's a very respectable institution, but check out their supporters[1] to see what sort of 'slant' they might have. Maybe read their take on the Citizens United decision[2] too.

[0] http://offshoreleaks.icij.org/about/download Not too much though.. [1] https://www.publicintegrity.org/about/our-work/supporters [2] https://www.publicintegrity.org/2016/03/11/19418/citizens-un...

Re: Panama Papers: Mossack Fonseca leak reveals elite's tax havens

#28

Post by [deleted] »

dang wrote: post #3

We changed the URL from http://panamapapers.sueddeutsche.de/articles/56febff0a1bb8d3... , despite HN's strong preference for original sources, because that page begins with an obnoxiously theatrical video that there seems to be no way to turn off. I'm pretty sure HN prefers its news articles without movie trailers.

[deleted]

Re: Panama Papers: Mossack Fonseca leak reveals elite's tax havens

#29

Post by mladenkovacevic »

Hilarious that BBC, a broadcaster paid for by British tax payers, has a subheading in that article titled "Russian connection" describing various dealings of Russian characters who are "close associates" of Putin and an equally sordid "Iceland connection" but not even a mention of David Cameron's father's tax evading schemes listed in the documents which the people of Great Britain should be vastly more interested in. Not to mention direct implications of various other western puppets (Saudi King, Ukrainian PM, Iraqi former PM) and other dubious "connections".
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