Panama City, Panama
Mossack Fonseca & Co was a Panamanian law firm specializing in the provision of offshore structures and was active until 2018. The company offered services for tax optimization, protection of assets, and enhancing confidentiality. Among its top achievements were providing offshore structures in over 40 countries for clients such as business owners, multinational corporations, and politically exposed persons. The firm was weakened by the Panama Papers leak in 2016 and subsequently ceased operations. Mossack Fonseca served as a warning to the financial world and demonstrated that anonymous ownership structuring and offshore strategies can pose risks in an increasingly transparent world.
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