http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/ What Do the Panama Papers Have to Do with Forex Trading? The so-called Panama Papers are a leak of 11.5 million documents from the Panama law firm of Mossack Fonseca. This folks have spent the last forty years setting up offshore accounts for the world’s rich and famous and occasionally such as Hezbollah, Iran and the mafia. Now that everyone’s secrets about where their money is stashed are out in the open some are running for cover and others are in full denial. What do the Panama Papers have to do with Forex trading? When the wealthy elite in China or those surrounding Russian president Putin stash funds offshore they convert their wealth to dollars, euros or yen first. Bloomberg Business writes about the uncomfortable spotlight on wealth of the global elite. No sooner did a group of media outlets report Sunday that some of the world’s wealthiest people, including politicians and business figures, had channeled billions through offshore accounts than the inevitable blowback began. Public officials responded with outrage, bluster, denials, semi-denials or all of the above. Banks like HSBC Plc and UBS Group AG stressed that they follow the rules and carefully vet customers. And regulators said what regulators often do: We’ll look into it. One of the sources quoted says the following. “This leak is proof that despite explicit banking laws against tax evasion, criminal uses and money laundering, the global offshore shell game business remains open for the wealthy and well connected.” Large banks are in the spotlight in this case as they are the ones who typically transfer the funds that end up in the British Virgin Islands, Panama, the Bahamas, Seychelles and other offshore locations. Whether Mossack Fonseca did wrong or not the appearance is such that the moneyed 1% is taking advantage of a system that the rest of us do not have access to. This commonly results in laws that make such businesses more difficult. How the Panama Papers will effect Forex trading is probably in more regulation, especially in the movement of large sums of money from bank to bank and currency to currency.

1. What Do the Panama Papers Have to
Do with Forex Trading?
By www.ForexConspiracyReport.com

2. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
The so-called Panama Papers are a leak
of 11.5 million documents from the
Panama law firm of Mossack Fonseca.

3. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
This folks have spent the last forty years
setting up offshore accounts for the
world’s rich and famous and
occasionally such as Hezbollah, Iran
and the mafia.

4. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
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5. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
Now that everyone’s secrets about
where their money is stashed are out in
the open some are running for cover
and others are in full denial.

6. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
What do the Panama Papers have to do
with Forex trading?

7. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
When the wealthy elite in China or
those surrounding Russian president
Putin stash funds offshore they convert
their wealth to dollars, euros or yen
first.

8. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
Bloomberg Business writes about the
uncomfortable spotlight on wealth of
the global elite.

9. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
No sooner did a group of media outlets
report Sunday that some of the world’s
wealthiest people, including politicians
and business figures, had channeled
billions through offshore accounts than
the inevitable blowback began.

10. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
Public officials responded with outrage,
bluster, denials, semi-denials or all of
the above.

11. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
Banks like HSBC Plc and UBS Group AG
stressed that they follow the rules and
carefully vet customers.

12. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
And regulators said what regulators
often do: We’ll look into it.

13. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
One of the sources quoted says the
following.

14. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
“This leak is proof that despite explicit
banking laws against tax evasion,
criminal uses and money laundering,
the global offshore shell game business
remains open for the wealthy and well
connected.”

15. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
Large banks are in the spotlight in this
case as they are the ones who typically
transfer the funds that end up in the
British Virgin Islands, Panama, the
Bahamas, Seychelles and other offshore
locations.

16. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
Whether Mossack Fonseca did wrong
or not the appearance is such that the
moneyed 1% is taking advantage of a
system that the rest of us do not have
access to.

17. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
This commonly results in laws that
make such businesses more difficult.

18. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
How the Panama Papers will effect
Forex trading is probably in more
regulation, especially in the movement
of large sums of money from bank to
bank and currency to currency.

19. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
How Bad Was It?

20. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
Clients of Mossack Fonseca over the
years include close associates of
Vladimir Putin, and the thieves who
made off with three tons of gold in the
British Brinks-Mat robbery in 1983.

21. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
In November 1983, a team of masked
robbers committed one of the most
brazen and lucrative heists in modern
history, stealing three tons of gold –
worth about over $100 million today –
two boxes of diamonds and stacks of
cash from a Brink’s-Mat warehouse
near London’s Heathrow Airport.

22. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
The bandits were caught, but most of
the loot was never recovered.

23. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
The proceeds were allegedly laundered
to cover conspirators’ tracks.

24. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
That’s where the Panama Papers come
in.

25. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
The leaked documents show that the
law firm Mossack Fonseca and one of
its founders, Jurgen Mossack, helped
protect a shell company belonging to
one of the men who handled the
Brink’s-Mat haul, ICIJ member BBC
reported.

26. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
Mossack even wrote a memo noting
that the money probably came from
the robbery but the firm did not sever
ties with the robbers until they were
sent to prison.

27. http://www.forexconspiracyreport.com/what-do-the-panama-papers-have-to-do-with-forex-trading/
This example alone will probably fuel
the fires of financial “reform” to make
transferring money offshore harder and
harder to do.