Identities of the rich who hide cash offshore

[InfoSec News <alerts () infosecnews org>]

http://www.guardian.co.uk/uk/2013/apr/03/offshore-secrets-offshore-tax-haven

By David Leigh
The Guardian
3 April 2013

Millions of internal records have leaked from Britain's offshore financial 
industry, exposing for the first time the identities of thousands of holders of 
anonymous wealth from around the world, from presidents to plutocrats, the 
daughter of a notorious dictator and a British millionaire accused of 
concealing assets from his ex-wife.

The leak of 2m emails and other documents, mainly from the offshore haven of 
the British Virgin Islands (BVI), has the potential to cause a seismic shock 
worldwide to the booming offshore trade, with a former chief economist at 
McKinsey estimating that wealthy individuals may have as much as $32tn (£21tn) 
stashed in overseas havens.

In France, Jean-Jacques Augier, President François Hollande's campaign 
co-treasurer and close friend, has been forced to publicly identify his Chinese 
business partner. It emerges as Hollande is mired in financial scandal because 
his former budget minister concealed a Swiss bank account for 20 years and 
repeatedly lied about it.

In Mongolia, the country's former finance minister and deputy speaker of its 
parliament says he may have to resign from politics as a result of this 
investigation.

[...]

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