News

U.S. officials and financial institutions are more equipped to respond to the latest leak of millions of confidential records than they were in 2016, when the Panama Papers, a similarly sized trove of leaked data, first entered the public discourse, sources told ACAMS moneylaundering.com. The Pandora Papers, which the International Consortium of Investigative Journalists and dozens of news outlets disclosed and began covering Oct. 3, reveal how Jordan's King Abdullah II, Czech Prime Minister Andrej Babis and 300 other political leaders, entrepreneurs and criminals still rely on offshore legal entities to secretly buy property overseas, avoid taxes and engage in...