|Massive Investigation of Offshore Tax Havens, Shell Companies, and the People Behind Them|
One of the biggest financial leaks in history.
On 3rd of April 2013 the International Consortium of Investigative Journalists has just released the first stories from a global collaborative project into the world of offshore money.
After a three year long investigation, ICIJ's director, Gerard Ryle, obtained information about offshore companies that included over 2.5 million files. These files contained information surrounding shell companies, nominee directors, and shareholders for over 122,000 shell companies.
ICIJ found that most offshore companies were staffed by nominee directors, or people who sell their name to be listed as part of the company. ICIJ also found that the people setting up offshore companies were mostly from China, Hong Kong, and Taiwan, but that the former Soviet republics were also well represented.
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Published on our website on April 8, 2013