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    Panama Ready to Cooperate in Potential Mossack Fonseca Legal Probe

    © AFP 2019 / Rodrigo ARANGUA
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    #PanamaPapers: Biggest Ever Offshore Leaks (94)
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    The Government of Panama is ready to cooperate with investigation in any money laundering probe linked to Mossack Fonseca, a Panama firm selling offshore companies, according to a statement issued by Panama's presidential administration.

    MEXICO CITY (Sputnik) — On Sunday, the German newspaper Sueddeutsche Zeitung exposed alleged illegal financial activities of some of the world’s most powerful people in tax havens using the information obtained in a data leak by the firm.

    "The Government of Panama leads a policy of zero tolerance of any aspects of the legal or financial system that is not handled with high levels of transparency. The Government of Panama will vigorously cooperate with any requests or assistance that may be necessary in the event that any judicial process develops," the statement reads.

    The documents obtained by the German newspaper reportedly provide information on current and former leaders, as well as celebrities and others who allegedly laundered billions of dollars, evaded taxes and dodged sanctions with the help of shell firms abroad.

    Some of the companies were purportedly linked to prime ministers of Iceland, Pakistan, the Saudi King, presidents of Ukraine, United Arab Emirates, Argentina, the father of the British prime minister, the family of Azerbaijan’s president, cousins of the Syrian president and a close friend of the Russian president.

    Mossack Fonseca responded by refusing to validate the information contained in the leaks and accused reporters of gaining unauthorized access to its proprietary documents. It warned that using unlawfully-obtained data was a crime that it would not hesitate to punish by criminal and civil means. Representatives of the above mentioned officials weren't available for immediate comment.

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    #PanamaPapers: Biggest Ever Offshore Leaks (94)

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    money laundering, investigation, Mossack Fonseca & Co, Panama
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