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PM Barrow’s Name Not In Panama Papers; PP’s Effects on Correspondent Banking

On Tuesday we told you of the millions of documents that were taken from the Mossack Fonseca firm in Panama that has fingered hundreds of leaders, officials and celebrities from around the world in the misuse of offshore services when it comes to hiding assets and related incidents.  While Prime Minister did make it clear that his name is not one that would be found among the pile of documents, he did refer to the matter as unfortunate.

Prime Minister Dean Barrow says this recent revelation of the Panama Papers will lend to the further deterioration of the offshore sector.  He did, however, commit to continue working on Belize’s challenges.  One of the recent allegations was that the papers were actually released by the US with the plan to solidify their grounds on the offshore sector; Prime Minister Barrow disagreed.

The Panama Papers were released to the International Consortium of Investigative Journalists and they have announced that more names and companies will be released in May.