U.S. tightens checks on anonymous companies following Panama Papers release

Issues of German daily Sueddeutsche Zeitung on the Panama Papers with illustrations by Peter M. Hoffmann depicting heads of state. CHRISTOF STACHE/AFP/Getty Images
Ana Swanson May 5, 2016

The Obama administration announced several rules Thursday evening meant to combat tax evasion, money laundering and financial crime amid renewed scrutiny over the use of offshore accounts and anonymous companies to conceal money.

The rules, which include requiring financial institutions to find out and keep records on the real owners behind the companies that use their services, aim to help U.S. law enforcement pierce the layers of anonymous shell companies that people can use to disguise their

... read more at: https://www.washingtonpost.com/news/wonk/wp/2016/05/05/u-s-tightens-checks-on-anonymous-companies-following-panama-papers-release/