Mossack Fonseca: Difference between revisions

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[[File:Mossack Fonseca HQ.JPG|thumb|Former Mossack Fonseca headquarters]]
 
'''Mossack Fonseca & Co.''' ({{IPA-es|moˈsak fonˈseka}}) was a Panamanian [[law firm]] and [[Corporate services|corporate service provider]].<ref name="the500">[http://www.legal500.com/firms/51479-mossack-fonseca-co/offices/54418-panama-/profile The Legal 500 &gt; Mossack Fonseca] {{webarchive |url=https://web.archive.org/web/20160407224319/http://www.legal500.com/firms/51479-mossack-fonseca-co/offices/54418-panama-/profile |date=7 April 2016}} ''The Legal 500''</ref><ref>{{cite web |title=Panama Papers law firm Mossack Fonseca to shut down after tax scandal |url=https://www.reuters.com/article/us-panama-corruption-idUSKCN1GQ34R |publisher=Reuters |date=14 March 2018 |access-date=4 October 2021}}</ref> At one time it was the world's fourth-largest provider of [[Offshore financial centre|offshore]] financial services. From its establishestablishment in 1977 until the publication of the [[Panama Papers]] in April 2016, the company remained mostly obscured from public attention, even though it was a major firm in the global offshore industry and acted for approximately 300,000 companies. Prior to its dissolution, the company employed roughly 600 staff members spread across 42 countries.<ref>{{cite news |title=Mossack Fonseca: inside the firm that helps the super-rich hide their money |url=https://www.theguardian.com/news/2016/apr/08/mossack-fonseca-law-firm-hide-money-panama-papers |newspaper=[[The Guardian]] |date=8 April 2016 |access-date=19 January 2017 |language=en-GB |issn=0261-3077}}</ref>
 
The firm received worldwide media attention in April 2016, when the [[International Consortium of Investigative Journalists]] published information about the financial dealings of the firm's clients in the [[Panama Papers]] articles. These articles were the result of analyzing an enormous cache of documents, dated from 1970 and 2015, which were [[Leaktivism|leaked]] to the news media,<ref>{{cite news |title=Panama Papers: Why should we care? The Panama Papers leak shows that it is not just the global tax system that is broken, but global governance itself. |url=http://www.aljazeera.com/indepth/opinion/2016/04/panama-papers-care-160404093556156.html |publisher=[[Al Jazeera English|Al Jazeera]] |date=6 April 2016 |access-date=11 April 2016}}</ref> and which "implicated at least 140 politicians from more than 50 countries" in [[tax evasion]] schemes.<ref>[https://foreignpolicy.com/2020/10/12/trumpworld-corruption-elliott-broidy-ultra-rich/ "Trumpworld's Corruption Is as Globalized as the Ultra-Rich the President Mingles With"] Foreignpolicy.com - The Slate Group, 12 October 2020</ref>