31 Civil Society Organizations Send Letter to FinCEN in Support of Strong Beneficial Ownership Implementation
31 Civil Society Organizations Send Letter to FinCEN in Support of Strong Beneficial Ownership Implementation
Transparency is the Prize in Post-Pandora Papers Scramble
The past week’s revelations through the “Pandora Papers” – the largest exposé to-date of how global politicians, business leaders, celebrities, and multinational companies use and abuse the “offshore” financial system – are both shocking and surprisingly familiar.
Washington Post: Praise the Pandora Papers
The stunning front-page coverage of the Pandora Papers and the harms caused by anonymous shell companies and trusts based in U.S. states such as South Dakota reinforces the need to ensure that the landmark Corporate Transparency Act.
Massive “Pandora Papers” Financial Secrecy Leaks Highlight Need for U.S. Reforms
The International Consortium of Investigative Journalists, along with major news outlets such as the Washington Post, yesterday revealed the largest leak of private financial records to date, eclipsing the Panama Papers in scope and scale. The “Pandora Papers” confirm the use of a secretive “offshore” financial system that allows criminals, world leaders, and others to hide billions of dollars from authorities, fueling tax dodging and corruption.