Belgian authorities raid bank linked to offshore companies found in Panama Papers – ICIJ

Belgian police raided the offices of state bank Belfius on Tuesday as part of a probe into possible tax avoidance by companies exposed in the Panama Papers, the 2016 global investigation into the offshore industry led by the International Consortium of Investigative Journalists.

Belgian media reported that the Dec. 5 raid follows last year’s revelations that Belfius’ former subsidiary, Experta Corporate and Fund Services, had been a prominent client of Mossack Fonseca, the Panamanian law firm at the center of the Panama Papers probe based on 11.5 million leaked files.

Experta, a tax consulting firm, helped to establish hundreds of offshore companies on its clients’ behalf, allegedly taking advantage of lax reporting requirements for foreign accounts, according to the Belgian news organizations Le Soir, Knack and De Tijd.

How Experta featured in the Paradise Papers

The ICIJ and its

... read more at: https://www.icij.org/blog/2017/12/belgian-authorities-raid-bank-linked-offshore-companies-found-panama-papers/

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