The publication of Pandora Papers was the major AML headliner of the past days. It surfaced great volumes of leaked data exposing fraud acts placing it as an AML case study filled with PEPs, sanctions and adverse media examples.
The report released Sunday by the International Consortium of Investigative suggests that more than 330 current and former politicians were identified as beneficiaries of secret accounts. Based on the outcome from studying nearly 12 million files from 14 firms located across the globe, the rich and powerful have been hiding their investments in luxurious properties, yachts and other assets for the past 25 years.
Pandora Papers are seen as the sequel to the famous Panama Papers. The investigation was conducted by 600 journalists from 150 media outlets in 117 countries.