offshore companies, business interests and the need for transparency
In April this year the International Consortium of Investigative Journalists (ICIJ) announced that they have in their possession a database of offshore firms. I had blogged about this back then. http://article14.blogspot.sg/2013/04/icijs-offshore-files-singapore-link.html?showComment=1365318770280 A Singapore entity (Portcullis Trustnet) setting up trust companies was thrown up as a link by the ICIJ. Portcullis has officially taken the position that its operations are perfectly legitimate and that no laws have been infringed. To be fair there are legitimate usages for offshore companies and one has to proceed carefully to avoid jumping to conclusions. In June this year, ICIJ released their database and made it available in a searchable format online. http://www.publicintegrity.org/2013/06/14/12833/icij-releases-offshore-leaks-database-revealing-names-behind-secret-companies The link for the database is here: http://offshoreleaks.icij.org/ Before...