A recent massive data leak from the Panamanian legal Firm Mossack Fonseca, has implicated many officials worldwide – including the Caribbean – in a scandal involving money laundering.
UWP Senator and Economist, Dr. Thompson Fontaine, reports that a Dominican has been discovered as part of this scandal. It is said the individual has 68 registered companies with 22 beneficiaries and involves 138 shareholders.
The firm is said to have registered companies as offshore entities operated under its own name. This meant the identities of the real owners were hard to trace because they were kept out of public documents.
Current and past news stories.