Topic: mossack fonseca

Our readers in the Cayman Islands may not have heard of the “International Consortium of Journalists,” but by now are certainly familiar with their work.

The Panama-based offshore law firm Mossack Fonseca stated that it will close by the end of the month, according to a statement from the firm obtained by the International Consortium of Investigative Journalists.

Offshore law and fiduciary firm Appleby confirmed it has received inquiries from the International Consortium of Investigative Journalists in relation to documents that may have been subject to an alleged hack at the firm.

Six months after the Panama Papers revelations, Panama signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters last week, making it the 105th jurisdiction to join the predominant instrument for transparency and combating cross-border tax evasion.

Absent from the extensive coverage of the Panama Papers leak is any journalistic analysis whatsoever of the evident and coruscating irony.

The narrative being advanced by international media outlets suggesting that law firms like Mossack Fonseca are breaking the law, or helping others do the same, is belied by the fact that none of them have actually been charged with any crime.