Mossack Fonseca to shut down offices in Gibraltar, Isle of Man and Jersey
The law firm will not stop dealing with clients, although it will cease is operations in those territories
May 28, 2016
Mossack Fonesca, the law firm that took the world by storm with its Panama Papers data leak, in a recent move has decided to shut down its offices in the British-dependent territories of Isle of Man, Jersey and Gibraltar, said a report published by The Guardian.
The law firm will not stop dealing with clients, although it will cease is operations in the abovementioned territories.
“This decision has been taken with great regret, as Mossack Fonesca has had a presence in these locations for more than 20 years,” the company said in a tweet.
Our offices in Jersey, Isle of Man and Gibraltar will be ceasing operations, but we will continue serving all of our clients.
— Mossack Fonseca (@Mossfon) May 27, 2016
This decision has been taken with great regret, as Mossack Fonseca has had a presence in these locations for more than 20 years.
— Mossack Fonseca (@Mossfon) May 27, 2016
The office closures were reportedly a part of a strategy to “consolidate our service office network”, it added.
The Panama Papers comprised leaks of more than 11.5 million documents, spanning over four decades. After the revelations surfaced, governments worldwide brought under scrutiny possible financial swindling by the elite and those in power through possession of offshore companies.
