Post-Panama Papers offshore laws remain ‘weak’ for majority of G20



Are G20 nations leaders or laggards in the post Panama Papers’ world of combating rogue offshore finance?

This is the question Transparency International set out to answer in a major new review of the globe’s most-powerful nations’ responses to the history-making leak.

In 2014, governments in the world’s biggest economies pledged to reform the legal structures exploited by the corrupt to hide their identities behind shell companies.

Two years later, the Panama Papers leak revealed just how vast, lucrative and difficult to penetrate that secret, offshore shell game is.

Corrupt officials and criminals around the world rely on lax corporate laws and anemic-money laundering safeguards to protect their ill-gotten gains.

 

Now, Transparency International (TI) has

... read more at: https://www.icij.org/blog/2018/04/offshore-laws-remain-weak-for-majority-of-g20-two-years-after-panama-papers/

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