Pandora Papers Reveal Offshore Finances of the Global Elite Currying Influence in U.S. | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Pandora Papers Reveal Offshore Finances of the Global Elite Currying Influence in U.S.

A trove of 11.9 million records released last week exposed the offshore financial secrets of hundreds of politicians, billionaires, celebrities, royal family members and other wealthy individuals in more than 200 countries and territories across the globe.

The Pandora Papers records obtained by the International Consortium of Investigative Journalists shine a light on how the world’s wealthy elite use offshore shell companies to avoid disclosing their assets, and the firms that help them do it.

Many of the big names in the Pandora Papers have also sought to influence U.S. policy and public opinion in the U.S., an OpenSecrets analysis finds.

One law firm mentioned in more than 7,500 documents in the data leak is Baker McKenzie.

Although internal Baker McKenzie records are not included among the leaked files, the firm is mentioned more than any other big U.S. law firm.

The Pandora Papers files highlight the law firm’s role in lobbying to shape laws and regulations around the world in countries including Australia and the United Arab Emirates. The documents show the firm tried to influence policies concerning money laundering and tax shelters.

Many of the Pandora Papers records mentioning Baker McKenzie come from three offshore providers: Trident Trust in the British Virgin Islands, Alcogal in Panama and Asiaciti Trust in Singapore.

Baker McKenzie has also represented foreign governments seeking to influence policy and public opinion in the U.S.

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