Panama breach tipped to drive changes by law firms, clients
The leak of documents from Mossack Fonseca will lead users of offshore vehicles to further diversify their service providers and law firms to spend more on cyber-security, say market participants.
The massive leak of documents from Panamanian law firm Mossack Fonseca – which came to light on Monday – will not deter people from using offshore vehicles, but will make them more careful about the service providers they employ, argues Josephine Chung, director of Hong Kong-based consultancy CompliancePlus.
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