Wednesday, April 13, 2016

Panama Papers: Intelligence agencies including the CIA used offshore service to funnel money for operations

A leaked report in the ongoing Panama Papers scandal has revealed new sources using the law firm of Mossack Fonseca to funnel money offshore, and to provide services for ongoing off-book operations.  In an announcement made by German newspaper Sueddeutsche Zeitung, the Panamanian firm helped facilitate accounts for several intelligence services, including the U.S. Central Intelligence Agency (CIA), to hide and funnel money for agents and operations.
Using shell and other holding companies is nothing new for intelligence apparatus, but today’s revelations will open new scrutiny for the CIA and other national spy services who may be using the law firm to launder money in illicit activities such as drug running and funding NGO organizations tied to terrorist groups.
cia-PRIVATIZED

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