Tax heavens becoming prominent money laundering destinations

ICIJ leaks the information about the Tax heavens

Tax havens have been attractive destinations for the politicians and celebrities to park their funds outside the unstable native economies. However there have been public outcry in recent years.

Journalists have shed light on the users of these offshore financial centers (OFCs), jurisdictions, banks, accountancy and law firms involved. Here are the top five leaks associated with the tax heavens in the last 5 years.

Most of these leaks are done by the International Consortium of Investigative Journalists (ICIJ).

  • OffshoreLeaks (2013)
  • LuxLeaks (2014)
  • SwissLeaks (2015)
  • Panama Papers (2015)
  • BahamasLeaks (2016).