Leo
Well-known member
Yeah, this is the thing. They're coming from a D.C.-based organisation and there are seemingly no important Americans named...
although there is this...
As with the Panama Papers, the leak mostly exposes the dealings of people outside the U.S. But as the Washington Post notes, the data does reveal how some states have become offshore havens for foreigners:
A total of 81 trusts held in South Dakota are part of the leak:Perhaps the most troubling revelations for the United States, however, center on its expanding complicity in the offshore economy. South Dakota, Nevada, and other states have adopted financial secrecy laws that rival those of offshore jurisdictions. Records show leaders of foreign governments, their relatives and companies moving their private fortunes into U.S.-based trusts.
The files provide substantial new evidence … that South Dakota now rivals notoriously opaque jurisdictions in Europe and the Caribbean in financial secrecy. Tens of millions of dollars from outside the United States are now sheltered by trust companies in Sioux Falls, some of it tied to people and companies accused of human rights abuses and other wrongdoing.