Spanish version

INVESTIGATION

Mossack Fonseca faces sanctions in BVI

The territory has limited the firm's activities.

Spanish version

Temas:

The British Virgin Islands Financial Services Commission (FSC) has issued a directive prohibiting Mossack Fonseca (MF) from undertaking new activities in the territory as part of several sanctions handed down against the firm.

According to actions posted on its web site, the FSC has fined the firm $31,500 for various offenses, including failing to perform due diligence, and ordered it to appoint a "qualified person" to hand over a report on the firm's activities.

The sanctions were levied in April, the same month that media around the world began reporting on the activities of the firm. That effort was led by the International Consortium of Investigative Journalists (ICIJ), which gained access to the firm's files.

It is not the first time that the Panamanian firm has been sanctioned by the FSC. In October 2012 it was fined $20,500 and in December 2013 it was fined $37,500 for failing to comply with due diligence requirements.

The initial report of the "qualified person" is due this week, and a second report is due by the end of the month.

MF officials have declined to comment.

The FSC's decision means the company is not allowed to conduct any new business within the territory. The FSC also warned that it may take any action that it deems necessary "to protect the jurisdiction or customers."

Comentarios

Los comentarios son responsabilidad de cada autor que expresa libremente su opinión y no de Editorial por la Democracia, S.A.

Última hora

Pon este widget en tu web

Configura tu widget

Copia el código

Directorio de Comercios

Lo más Visto Nuevo Comentado

Lo último en La Prensa

Racismo en Estados Unidos LeBron James critica a Donald Trump por hacer que el odio 'este de moda'

LeBron James mostró su enojó por la reacción del presidente Donald Trump tras hechos de violencia en Estados Unidos. LeBron James mostró su enojó por la reacción del presidente Donald Trump tras hechos de violencia en Estados Unidos.
LeBron James mostró su enojó por la reacción del presidente Donald Trump tras hechos de violencia en Estados Unidos. AP/AFP

La superestrella de los Cleveland Cavaliers, LeBron James, criticó este martes a Donald Trump por hacer que el odio "esté de ...