Panama Papers law firm’s U.S. business shrinking amid investigations

U.S. business for the law firm at the heart of the Panama Papers scandal is shrinking dramatically amid multiple investigations from federal and state regulators.

In Wyoming, the local business partner of Mossack Fonseca cut ties to the U.S. operations of the Panamanian law firm, McClatchy has learned. And this week the Nevada affiliate of Mossack Fonseca abruptly resigned as the registered agent for 1,024 companies it administered in the state.

Both developments came more than a month after a report by McClatchy and its partners that showed how Mossack Fonseca helped Brazilians, Russians and others hide assets from authorities in their home countries.

Nevada, Wyoming and Delaware are leaders in company formations but require little information on the true owners, requiring instead only a contact person.

The embattled Panamanian law firm is under investigation from the United States and Germany to the British Virgin Islands and the tiny Seychelles islands in the

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