Susoni note: Interesting how they are trying to shut down Iceland and Russia. :-) Those who reject the IMF and World Banks.

: From CGI's FrancisDrake:

"Panama Papers": LARGE POLITICAL EARTHQUAKE HITS ISRAEL, REST OF FINANCIAL WORLD

see also http://www.bbc.com/news/world-35918844
BBC news report about the "Panama Papers...leak reveals elite's tax havens..."

A huge leak of confidential documents has revealed how the rich and powerful use tax havens to hide their wealth.

Eleven million documents were leaked from one of the world's most secretive companies, Panamanian law firm Mossack Fonseca.

They show how Mossack Fonseca has helped clients launder money, dodge sanctions and avoid tax.

The company says it has operated beyond reproach for 40 years and has never been charged with criminal wrong-doing.

The documents also shed light on how Mossack Fonseca offered financial services designed to help business clients hide their wealth.

One wealthy client, US millionaire and life coach Marianna Olszewski, was offered fake ownership records to hide money from the authorities. This is in direct breach of international regulations designed to stop money-laundering and tax evasion.

An email from a Mossack executive to Ms Olszewski in January 2009 explains how she could deceive the bank: "We may use a natural person who will act as the beneficial owner… and therefore his name will be disclosed to the bank. Since this is a very sensitive matter, fees are quite high."

Ms Olszewski did not respond to the BBC's questions.

In a statement, Mossack Fonseca said: "Your allegations that we provide structures supposedly designed to hide the identity of the real owners, are completely unsupported and false.

"We do not provide beneficiary services to deceive banks. It is difficult, not to say impossible, not to provide banks with the identity of final beneficiaries and the origin of funds."

The data also contain secret offshore companies linked to the families and associates of Egypt's former President, Hosni Mubarak, former Libyan leader Muammar Gaddafi and Syria's President Bashar al-Assad.
Russian connection

Also revealed is a suspected billion-dollar money-laundering ring that was run by a Russian bank and involved close associates of President Putin.

The operation was run by Bank Rossiya, which is subject to US and EU sanctions following Russia's annexation of Crimea.

The documents reveal for the first time how the bank operates.

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Iceland connection

Mossack Fonseca data also show how Icelandic Prime Minister Sigmundur David Gunnlaugsson had an undeclared interest in his country's failed banks.

Leaked documents show that Mr Gunnlaugsson and his wife bought offshore company Wintris in 2007.

He did not declare an interest in the company when entering parliament in 2009. He sold his 50% of Wintris to his wife for $1 (70p), eight months later.

The offshore company was used to invest millions of dollars of inherited money, according to a document signed by Mr Gunnlaugsson's wife, Anna Sigurlaug Palsdottir, in 2015.

Mr Gunnlaugsson is facing calls for his resignation, but said on Monday that this was not something he was considering.