Source: National Cyber Security – Produced By Gregory Evans
BERLIN (AP) — The Latest on the publication by a coalition of media outlets of an investigation into offshore financial dealings by the rich and famous (all times local): 11:35 a.m. Nordea, the Nordic region’s biggest bank, says it doesn’t help wealthy customers evade taxes in response to reports linking it to the Panamanian law firm at the center of a media investigation into offshore accounts. Swedish public broadcaster SVT, one of the hundreds of media with access to leaked documents detailing offshore accounts, says Nordea’s private banking unit in Luxembourg worked with Panamanian firm Mossack Fonseca to help wealthy customers set up shell companies. Nordea said Monday it follows and “all rules and regulations” and doesn’t tolerate being used to evade taxes. It said its Luxembourg unit in 2009 started taking measures “in addition to those prescribed in laws and regulations or industry practices.” Since then the number of customers “with these structures” has decreased, Nordea said. ___ 11:20 a.m. A group representing current and former lawmakers from Southeast Asian countries says the trove of leaked documents shows how the wealthy and politically powerful have abused rules governing offshore tax havens, often to the detriment of their own communities. […]
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