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– TIMESTAMPS –
2:12 What are the Panama Papers?
6:11 Why Should You Care?
11:48 The Scale of The Scandal
16:00 A Rotten Financial System
17:12 How Much Laundering In Crypto?
19:21 Final Thoughts
⛓️ 🔗 Useful Links 🔗 ⛓️
► What are the Panama Papers: https://www.theguardian.com/information/2016/apr/03/what-you-need-to-know-about-the-panama-papers
► Biggest knowledge leaks: https://www.statista.com/statistics/531269/panama-papers-data-leak-size/
► Jackie Chan named in leak: https://consequenceofsound.internet/2016/04/jackie-chan-named-in-panama-papers-leak/
► Lionel Messi arrested: https://www.wealthprofessional.ca/information/industry-news/lionel-messi-arrested-for-tax-fraud-following-panama-papers-scandal/209970
► The path resulting in Putin: https://www.theguardian.com/information/2016/apr/03/panama-papers-money-hidden-offshore
► How the tremendous rich disguise billions: https://www.businessinsider.com/jake-bernstein-panama-papers-offshore-banking-shell-companies-2018-2?r=US&IR=T
► Mossack Fonseca HSBC & Syria: https://www.theguardian.com/information/2016/apr/05/mossack-fonseca-panama-papers-rami-makhlouf-syria-assad-hsbc
► HSBC blocks crypto: https://forex.com/hsbc-blocks-cryptocurrency-transfers
► Forbes wealthy record and papers: https://www.forbes.com/websites/luisakroll/2016/04/03/billionaires-former-billionaires-outed-for-offshore-wealth-by-the-panama-papers/?sh=39b0a26168b2
► China censorship: https://www.theguardian.com/world/2016/apr/07/china-ramps-up-panama-papers-censorship-after-leaders-relatives-named
► Iceland PM steps down: https://www.bbc.co.uk/information/world-europe-35966412
► Global wealth report 2020: https://www.credit-suisse.com/about-us/en/reports-research/global-wealth-report.html
► Chainalysis crypto crime report: https://go.chainalysis.com/2020-Crypto-Crime-Report.html
❓ What are the Panama Papers❓
It was the biggest knowledge leak in historical past that was revealed in 2016. Just over 2.6 terabytes of delicate monetary knowledge was made public.
That knowledge dump confirmed the dimensions and ways in which the worldwide elite had been utilizing the standard monetary system to take advantage of tax regimes, offshore firms to keep away from tax and conceal wealth.
National leaders, sports activities and movie stars had been all implicated and, even worse, it transpired that each one these things went again to the Nineteen Seventies.
🤷 Why Should You Care? 🤷
Well, if you’re sad in regards to the state of your public providers then the possibilities are that you’re not finest happy about these tax dodgers. Libertarians received’t care about that. However, there are quite a few examples of Mossack Fonseca and banks like HSBC actively serving to to fund the crushing of democractic actions. Yep, that features working with regimes like Syria – I let you know all about that within the video!
👊 The Scale of The Scandal? 👊
29 folks on the Forbes wealthy record had been implicated within the Panama papers. So, it isn’t shocking that the supply wished to remain nameless – annoying wealthy and highly effective folks may endanger their life. All that whistleblower wished was for the corrupt actions of the tremendous rich to be uncovered.
The knowledge was handed on to German newspaper Süddeutsche Zeitung, which shared it with the International Consortium of Investigative Journalists. For over a 12 months, over 4000 journalists seemed into that knowledge dump earlier than publishing their findings.
Watch my video to find out about all of the shady issues that occurred within the British Virgin Islands, which political leaders received burnt and China’s censorship of the info.
🌴 A Rotten Financial System 🌴
There have at all times been theories, allegations and rumours of hidden wealth. However, there was by no means any actual proof earlier than the Panama Papers. Mossack Fonseca was the world’s fourth largest offshore legislation agency – so, there’s much more hidden wealth on the market.
According to some estimates, 8% of worldwide wealth is hidden in tax havens!
🦹♂️ How Much Laundering In Crypto? 🦹♂️
Check out my vid and see how crypto stacks as much as the quantity of laundering rife within the conventional system.
📜 Disclaimer 📜
The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who shouldn’t be a licensed monetary advisor or registered funding advisor. Trading cryptocurrencies poses appreciable threat of loss. The speaker doesn’t assure any specific final result.
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