Money-laundering affects the first world as well, since a favored shell company investment is real estate in Europe and North America. London, Miami, New York, Paris, Vancouver and San Francisco have all been affected. The practice of parking assets in luxury real estate has been frequently cited as fueling skyrocketing housing prices in Miami,[38][39][40] where the Miami Association of Realtors said that cash sales accounted for 90% of new home sales in 2015.[41] "There is a huge amount of dirty money flowing into Miami that's disguised as investment," according to former congressional investigator Jack Blum.[42] In Miami, 76% of condo owners pay cash, a practice considered a red flag for money-laundering.[42]
US authorities say that Steinmetz paid Mamadie Touré $5.3 million for her help in obtaining the concession from her husband Lansana Conté, president of Guinea, shortly before he died.[442] According to Global Witness, an offshore company belonging to Touré, Matinda, received a payment of $2.4 million from a company named Pentler Holdings. Several more payments were promised as well as 5% of BSGR shares in Simandou. Pentler owned 17.65% of BSGR Guinea.[458]
ICIJ partner Ouestaf.com was able to establish through the Panama Papers the existence of secret contracts between and DP World FZE (DP)and Mamadou Pouye, the bribery codefendant of Karim Wade, son of former prime minister Abdoulaye Wade. This information was not available at their trial; Ouestaf confirmed their financial ties to the corporation for the first time during the Panama Papers investigation.[20] Wade was sentenced in 2015 to a six-year prison term by the Cour de répression de l'enrichissement illicite (Crei), a specialized anti-corruption court.[20] Wade was accused of illegally amassing assets of more than $240 million; and his childhood friend Pouye was sentenced to five years for allegedly helping him.[20] Both denied wrongdoing and the United Nations and Amnesty International said their rights had been violated at trial.[471] Ouestaf's investigation did not address the legality of their trial. It did conclude that they had succeeded in tracing a payment to Pouye's oversea shell company from a subsidiary of DP.

Law firms play a central role in offshore financial operations.[37] Mossack Fonseca is one of the biggest in its field and the biggest financial institutions refer customers to it.[4] Its services to clients include incorporating and operating shell companies in friendly jurisdictions on their behalf.[95] They can include creating "complex shell company structures" that, while legal, also allow the firm's clients "to operate behind an often impenetrable wall of secrecy".[23] The leaked papers detail some of their intricate, multilevel, and multinational corporate structures.[96] Mossack Fonseca has acted with global consultancy partners like Emirates Asset Management Ltd, Ryan Mohanlal Ltd, Sun Hedge Invest and Blue Capital Ltd on behalf of more than 300,000 companies, most of them registered in the British Overseas Territories.

Top bankers and Spanish businessmen used this firm to open accounts and companies: Miguel Blesa, president of Caja Madrid, tried in Spanish courts for numerous cases of corruption, Jesus Barderas, a businessman close to ex-prime minister Felipe González, children of the lawyer Javier de la Rosa, who also is linked to corruption cases, Carlos Ortega, CEO of Pepe Jeans, and families with major hotel chains such as the Riu (RIU Hotels & Resorts), the Escarrer (Meliá Hotels International) and the Martinón (Group Martinón).[266][267][268]
We lived in PCB for 6 years came back to visit after a few years. Not sure if they're trying to compensate for hurricane Michael but was very disappointed with the merchants... Every restaurant we went to was a minimum of $30 (2ppl) and what we bought for a dollar at Alvin's was $10 at another...We drove over the causeway only to be more disappointed, the destruction was heart breaking...i wish we could fix it and make it all beautiful the way it was but this is life. My heart goes out to all on the coast affected and yous are definitely 850 strong!
The International Consortium of Investigative Journalists helped organize the research and document review once Süddeutsche Zeitung realized the scale of the work required to validate the authenticity of 2.6 terabytes[52] of leaked data. They enlisted reporters and resources from The Guardian, the BBC, Le Monde, SonntagsZeitung, Falter, La Nación, German broadcasters NDR and WDR, and Austrian broadcaster ORF, and eventually many others.[53] Ultimately, "reporters at 100 news media outlets working in 25 languages had used the documents" to investigate individuals and organizations associated with Mossack Fonseca.[2]
Arias Madrid was declared the winner of elections that were marked by violence and accusations of fraud against Alianza del Pueblo. On October 1, 1968, Arias Madrid took office as president of Panama, promising to lead a government of "national union" that would end the reigning corruption and pave the way for a new Panama. A week and a half later, on October 11, 1968, the National Guard (Guardia Nacional) ousted Arias and initiated the downward spiral that would culminate with the United States' invasion in 1989. Arias, who had promised to respect the hierarchy of the National Guard, broke the pact and started a large restructuring of the Guard. To preserve the Guard's interests, Lieutenant Colonel Omar Torrijos Herrera and Major Boris Martínez commanded the first military coup against a civilian government in Panamanian republican history.[27]
Many individuals mentioned in the Panama Papers are connected with the world governing body of association football, FIFA, including the former president of CONMEBOL Eugenio Figueredo;[501] former President of UEFA Michel Platini;[502] former secretary general of FIFA Jérôme Valcke;[502] Argentine player for Barcelona Lionel Messi; and, from Italy, the head manager of Metro, Antonio Guglielmi.[501]

The Bilateral Investment Treaty (BIT) between the governments of the United States and Panama was signed on October 27, 1982. The treaty protects US investment and assists Panama in its efforts to develop its economy by creating conditions more favorable for US private investment and thereby strengthening the development of its private sector. The BIT was the first such treaty signed by the US in the Western Hemisphere.[69] A Panama–United States Trade Promotion Agreement (TPA) was signed in 2007, approved by Panama on July 11, 2007 and by US President Obama on October 21, 2011, and the agreement entered into force on October 31, 2012.[70]
Law firms play a central role in offshore financial operations.[37] Mossack Fonseca is one of the biggest in its field and the biggest financial institutions refer customers to it.[4] Its services to clients include incorporating and operating shell companies in friendly jurisdictions on their behalf.[95] They can include creating "complex shell company structures" that, while legal, also allow the firm's clients "to operate behind an often impenetrable wall of secrecy".[23] The leaked papers detail some of their intricate, multilevel, and multinational corporate structures.[96] Mossack Fonseca has acted with global consultancy partners like Emirates Asset Management Ltd, Ryan Mohanlal Ltd, Sun Hedge Invest and Blue Capital Ltd on behalf of more than 300,000 companies, most of them registered in the British Overseas Territories.
These companies were registered in Panama, according to the documents obtained from Panama Registry of Companies.[328] A one of them, Fargate Mining Corporation was founded by Tagiva Management Ltd., Tagiva Services Ltd. and Verda Management Ltd. They issued the General Power of Attorney granted in favour of Azerbaijan-born individual Mr. Nasib Hasanov.[329] Later, Londex Resources S.A., Globex International LLP, Fargate Mining Corporation and Willy&Meyris S.A. had been registered again at St. Kitts and Nevis with same addresses.[330] It already used for registering other offshore energy holding – The Nobel Oil Ltd., partner of the state oil company SOCAR in Azerbaijan over Umid gas field. Founder of Nobel Oil Group also is Mr. N. Hasanov.
With a plethora of deserted islands, chilled Caribbean vibes on one side and monster Pacific swells on the other, Panama sits poised to deliver the best of beach life. And a whole other world begins at the water's edge. Seize it by scuba diving with whale sharks in the Pacific, snorkeling the rainbow reefs of Bocas del Toro or setting sail in the indigenous territory of Guna Yala, where virgin isles sport nary a footprint. Meanwhile surfers will be psyched to have world-class breaks all to themselves. Hello, paradise.
These companies were registered in Panama, according to the documents obtained from Panama Registry of Companies.[328] A one of them, Fargate Mining Corporation was founded by Tagiva Management Ltd., Tagiva Services Ltd. and Verda Management Ltd. They issued the General Power of Attorney granted in favour of Azerbaijan-born individual Mr. Nasib Hasanov.[329] Later, Londex Resources S.A., Globex International LLP, Fargate Mining Corporation and Willy&Meyris S.A. had been registered again at St. Kitts and Nevis with same addresses.[330] It already used for registering other offshore energy holding – The Nobel Oil Ltd., partner of the state oil company SOCAR in Azerbaijan over Umid gas field. Founder of Nobel Oil Group also is Mr. N. Hasanov.
Steinmetz, who has a personal fortune of $6 billion, supplies diamonds to Tiffany and DeBeers and is Sierra Leone's largest private investor. Yet, according to a detailed report in The Namibian, his Octea subsidiary owes, among other debts, property taxes of $700,000 to the city of Koidu. These unpaid taxes are discounted, according to mayor Saa Emerson Lamina, because Octea promised a 5% profit−sharing agreement, and payment 1% of its annual profit to a community development fund, but it did not do this either.[18] 
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