05 Oct 2021
AP — Britain’s Conservative government is facing calls to tighten the country’s defenses against “dirty money” after a massive leak of offshore data showed how London, in particular, is the destination of choice for some of the world’s richest and most powerful people to conceal their cash.
The cache of almost 12 million files, which has been dubbed the “Pandora Papers,” was published Sunday by the International Consortium of Investigative Journalists and its media partners, including Britain’s Guardian newspaper and the BBC.
The U.K. and London specifically are prominent in the data dump, with the documents showing how wealthy people around the world reportedly set up offshore companies to buy property and avoid taxes.
By Pan Pylas, Associated Press, 5 October 2021
Read more at Associated Press
RiskScreen: Eliminating Financial Crime with Smart Technology
You can claim CPD minutes for this content, by signing up to our CPD WalletFREE CPD Wallet