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FROM THE CHRONICLES Of Andrei Slavenkov Netherlands – Analyst for WANTED SA~ ~Contributed & Written by Kenneth Rijock
As more documents in the Panama Papers scandal are made available to the media, we are learning that there was nothing sacred at Mossack, when it came to forming companies, which were then used to hide money for its dirty clients. Reports from Panama indicate that the law firm of Mossack and Fonseca not only illegally appropriated the names of well-known international NGOs and non-profits, when forming offshore companies in obscure tax haven jurisdictions, it actually formed companies with the names of prominent international banks, without their consent and knowledge.
The Mossack firm also used the tried-and-true technique of classic money laundering: filing companies having the names of banks that have been ever so slightly altered. We called that deceptively similar, making a very minor change in the spelling of the name. Most readers assume, incorrectly, that it is one and the same as the real bank, but, in truth and in fact, it is a shell company unaffiliated with the real one. That's how money launderers and financial criminals get over on the legitimate financial world.
You can expect to see more of these "dirty tricks" from Mossack and Fonseca, as more information is released to media outlets. They demonstrate a complete and total lack of business ethics, a corporate culture bereft of any morality, and a reckless disregard for trademarks, service marks, and intellectual property.
WANTED SA kindly thanks US Treasury, Kenneth Rijock, AFP, Reuters, BBC, Associated Press, DEA, FBI, ICE, Westlaw, Arutz Sheva, and all the Parties, Press, Journalists, Law Enforcement and Securities forces who have contributed to the many articles and their sincere opinions and statements.
WANTED SA states that the facts and opinions stated in this article are those of the author and not those of WANTED SA. We do not warrant the accuracy of any of the facts and opinions stated in this article nor do we endorse them or accept any form of responsibility for the articles.
