“A criminal investigation is ongoing,” the Cayman National Bank from the Isle of Man said in a statement.
The Panama Papers have turned everyone's attention to fighting offshore bank accounts and shell companies — but it's not an easy problem to fix.
We asked tax experts whether the outrage generated by the revelation British Prime Minister David Cameron held shares in an offshore fund co-run by his father was justified.
The Panama Papers have brought overdue attention to the fact the UK has harbored money laundering for years through lax oversight and easily acquired investor visas.
Canada's Minister of National Revenue wants access to the 2.6 terabytes of data on offshore bank accounts, as the Royal Bank rejects the idea it had any hand in tax avoidance or nefarious deeds.