 | |
| Headquarters | Mossfon Building Calle 54 Este Panama City, Panama |
|---|---|
| No. of offices | 44[1] |
| No. of employees | 500+[2] |
| Key people | Rubén Hernández, CEO[3] |
| Date founded | 1977 |
| Founder | Jürgen Mossack and Ramón Fonseca |
| Dissolved | March 2018 |
| Website | mossackfonseca |
Mossack Fonseca & Co. (Spanish pronunciation: [moˈsak fonˈseka]) was a Panamanian law firm and corporate service provider.[2][4] At one time it was the world's fourth-largest provider of offshore financial services. From its establishment in 1977 until the publication of the Panama Papers in April 2016, the company remained mostly obscured from public attention, even though it was a major firm in the global offshore industry and acted for approximately 300,000 companies. Prior to its dissolution, the company employed roughly 600 staff members spread across 42 countries.[5]
The firm received worldwide media attention in April 2016, when the International Consortium of Investigative Journalists published information about the financial dealings of the firm's clients in the Panama Papers articles. These articles were the result of analyzing an enormous cache of documents, dated from 1970 and 2015, which were leaked to the news media,[6] and which "implicated at least 140 politicians from more than 50 countries" in tax evasion schemes.[7]
On 14 March 2018, the firm announced that it was closing due to the damage inflicted to its finances and reputation by the discovery of the multi-billion-dollar money laundering schemes.[8]
- ^ "Mossack Fonseca closes Luxembourg office days before bosses arrested" Luxembourg Times, 13 February 2017
- ^ a b The Legal 500 > Mossack Fonseca Archived 7 April 2016 at the Wayback Machine The Legal 500
- ^ Mossack Fonseca se une al Programa “Mi Escuela Primero” Archived 7 April 2016 at the Wayback Machine, SumaRSE, 15 December 2015.
- ^ "Panama Papers law firm Mossack Fonseca to shut down after tax scandal". Reuters. 14 March 2018. Retrieved 4 October 2021.
- ^ "Mossack Fonseca: inside the firm that helps the super-rich hide their money". The Guardian. 8 April 2016. ISSN 0261-3077. Retrieved 19 January 2017.
- ^ "Panama Papers: Why should we care? The Panama Papers leak shows that it is not just the global tax system that is broken, but global governance itself". Al Jazeera. 6 April 2016. Retrieved 11 April 2016.
- ^ "Trumpworld's Corruption Is as Globalized as the Ultra-Rich the President Mingles With" Foreignpolicy.com - The Slate Group, 12 October 2020
- ^ "Mossack Fonseca law firm to shut down after Panama Papers tax scandal". The Guardian. 14 March 2018. Archived from the original on 14 March 2018.