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One of the positive developments to have arisen out of the Panama Papers/Mossack Fonseca scandal is the introduction, in Germany, of a proposed law which will require German nationals to disclose all shell companies that that they have a beneficial interest in. Know unofficially as the "Panama law," the legislation could be the start of a global trend.
Readers who wish to review the complete text of the draft law can access it here.
Contributed by Kenneth Rijock
Chronicles of Monte Friesner
