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| Industry | Financial services |
|---|---|
| Founded | 7 July 1978 |
| Founder | Graeme W. Briggs |
| Headquarters | |
Area served | Worldwide |
| Services | |
| Website | www |
Asiaciti Trust is an international trust and corporate services company. [1] The Pandora Papers leaks revealed that the firm created shell companies, trusts and other secretive financial products in tax havens for hundreds of clients. [2] [3] [4]
Asiaciti Trust was established in British Hong Kong in 1978. [5] The founder of Asiaciti Trust, Australian Graeme W. Briggs, [6] was formerly the international tax partner of Marquand & Co. He acquired the international operations of Marquand & Co in 1975. He was a founding Senator of the Offshore Institute. [7] Asiaciti moved its headquarters to Singapore in late 1984. In September 2020, Asiaciti Trust appointed Colin Porter as Group Managing Director. In the same year, Asiaciti Trust also appointed a new Managing Director for its New Zealand office, Kate Weiss. [8] In January 2021, Asiaciti Trust appointed a new Managing Director for its Singapore office, Ross Belhomme. [9]
The company was associated with both the Paradise Papers data leak [10] and the Pandora Papers leak. [11] [12] [13] The Pandora Papers leaks revealed that the company helped Kirill Androsov, a former aide to Russian leader Vladimir Putin, set up offshore companies so that he could engage in transactions with Russian oligarch Oleg Deripaska. [2] [14] The company helped fugitive Moldovan politician Vladimir Plahotniuc. [15]
Baker McKenzie is an international law firm located in Chicago, Illinois. It was founded in 1949, originally named Baker & McKenzie. It now has 77 offices in 46 countries. It employs 4,809 attorneys total, and approximately 13,000 employees total. The firm took in $3,126,729,000 gross revenue in 2021, thus placing 4th on The American Lawyer's 2022 Am Law 200 ranking.
Hermann Gräf, better known as Herman Gref, is a Russian politician and businessman. He was the Minister of Economics and Trade of Russia from May 2000 to September 2007. He is the CEO and chairman of the executive board of Sberbank, the largest Russian bank.
Tax evasion is an illegal attempt to defeat the imposition of taxes by individuals, corporations, trusts, and others. Tax evasion often entails the deliberate misrepresentation of the taxpayer's affairs to the tax authorities to reduce the taxpayer's tax liability, and it includes dishonest tax reporting, declaring less income, profits or gains than the amounts actually earned, overstating deductions, using bribes against authorities in countries with high corruption rates and hiding money in secret locations.
Appleby is an offshore legal services provider known for helping to set up shell companies, trusts and other secretive financial products in tax havens.
Nirupama Deepika Rajapaksa is a Sri Lankan politician, a former member of the Parliament of Sri Lanka and a former deputy minister.
The International Consortium of Investigative Journalists, Inc. (ICIJ), is an independent global network of 280 investigative journalists and over 140 media organizations spanning more than 100 countries. It is based in Washington, D.C. with personnel in Australia, France, Spain, Hungary, Serbia, Belgium and Ireland.
Offshore Leaks is a report disclosing details of 130,000 offshore accounts that came out in April 2013. Some observers have called it the biggest hit against international tax fraud of all times, although it has been pointed out that normal businesses may use the offshore legislation to ease formalities in international trade.
Swiss Leaks is the name of a journalistic investigation, released in February 2015, of a giant tax evasion scheme allegedly operated with the knowledge and encouragement of the British multinational bank HSBC via its Swiss subsidiary, HSBC Private Bank (Suisse). Triggered by leaked information from French computer analyst Hervé Falciani on accounts held by over 100,000 clients and 20,000 offshore companies with HSBC in Geneva, the disclosed information was then called "the biggest leak in Swiss banking history".
The Panama Papers are 11.5 million leaked documents that were published beginning on April 3, 2016. The papers detail financial and attorney–client information for more than 214,488 offshore entities. The documents, some dating back to the 1970s, were created by, and taken from, former Panamanian offshore law firm and corporate service provider Mossack Fonseca.
This article lists some of the reactions and responses from countries and other official bodies regarding the leak of legal documents related to offshore tax havens from the law firm Mossack Fonseca, called the Panama Papers.
Alemán, Cordero, Galindo & Lee is a law firm based in Panama. Founded in 1985, the firm represents several multinational companies that operate in Panama and was chosen as the Central American law firm of the year by Chambers Global in 2007 as well as in 2013. Jaime Alemán Healy is the managing partner and founder. The firm has offices in several countries aside from Panama, including in tax havens such as The Bahamas, Belize, the British Virgin Islands, Cyprus, Hong Kong, Singapore, the Seychelles, and Switzerland. Other office locations include New Zealand, the United Arab Emirates, and Uruguay. The firm is affiliated with the international Meritas network.
Yuri Alekseevich Soloviev is a Russian-British banker who was first deputy president and chairman of the VTB Bank Management Board. He was sanctioned by the United States after Russia invaded Ukraine in February 2022.
The Paradise Papers are a set of over 13.4 million confidential electronic documents relating to offshore investments that were leaked to the German reporters Frederik Obermaier and Bastian Obermayer, from the newspaper Süddeutsche Zeitung. The newspaper shared them with the International Consortium of Investigative Journalists, and a network of more than 380 journalists. Some of the details were made public on 5 November 2017 and stories are still being released.
The Mauritius Leaks were the report of a datajournalistic investigation by the International Consortium of Investigative Journalists (ICIJ) in 2019 about how the former British colony Mauritius has transformed itself into a thriving financial centre and tax haven.
The Panama Papers are 11.5 million leaked documents that detail financial and attorney–client information for more than 214,488 offshore entities. The documents, some dating back to the 1970s, were created by, and taken from, Panamanian law firm and corporate service provider Mossack Fonseca, and were leaked in 2015 by an anonymous source.
The Pandora Papers are 11.9 million leaked documents with 2.9 terabytes of data that the International Consortium of Investigative Journalists (ICIJ) published beginning on 3 October 2021. The leak exposed the secret offshore accounts of 35 world leaders, including current and former presidents, prime ministers, and heads of state as well as more than 100 billionaires, celebrities, and business leaders. The news organizations of the ICIJ described the document leak as their most expansive exposé of financial secrecy yet, containing documents, images, emails and spreadsheets from 14 financial service companies, in nations including Panama, Switzerland and the United Arab Emirates, surpassing their previous release of the Panama Papers in 2016, which had 11.5 million confidential documents. At the time of the release of the papers, the ICIJ said it is not identifying its source for the documents.
Kirill Androsov is a Russian businessman. Androsov is a former aide to Russian leader Vladimir Putin. He is the former chairman of the board of Aeroflot. His net worth is listed in the tens of millions of dollars in documents included in the Pandora Papers.
Pyotr Ivanovich Kondrashev is a Russian oligarch and billionaire.
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