Kenneth Rijock

Kenneth Rijock

Wednesday, October 5, 2016

MOSSACK FONSECA USED MONEY LAUNDERERS' TRADECRAFT TO FOIL BVI REGULATORS



The Panama City law firm of Mossack and Fonseca deliberately and intentionally misspelled the names of individuals which it furnished to regulators in the British Virgin Islands, as beneficial owners of companies it formed in the BVI. This is time-honored money laundering trade craft, for a slight misspelling in a last name results in a failure to find the individual's true name in any sanctions list, list of high-risk individuals, or list of Politically Exposed Persons (PEPs). Such techniques are typically used by financial criminals, not licensed attorneys. MF intentionally hid the truth from regulators.

Another trick practiced by the Mossack law firm was to delay reporting information that had been regularly and duly requested, notwithstanding that the law firm had reportedly promised, in writing, to supply all requested information within 24 hours. Some requests languished for weeks or months.

Such strategies and techniques are generally employed by money launderers;  Mossack Fonseca is not a legitimate law firm. It is a racketeer-influenced criminal organization, and should be treated as such.

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