CySEC Reports 63 Regulated Companies in Cyprus Connected to Mossack Fonseca
Posted: Wed Jun 01, 2016 8:39 pm
In the aftermath of the Panama Papers scandal which exposed a large tax evasion mechanism involving clients of Panama based law firm Mossack Fonseca, The Cyprus Securities and Exchange Commission (CySEC) has collected data from 413 regulated entities to identify connections with the international scandal.
According to the findings from the documents which the CySEC collected from multiple types of companies including Cyprus Investment Firms (CIFs), 63 regulated entities had and/or have a business relationship with Mossack Fonseca and/or with person(s) included in the Panama Papers.
The Cypriot regulator has announced that further to this announcement it will conduct additional reviews ... (read more)