Thursday, April 21, 2016

Panama Papers: Federal Prosecutor Looking for Crimes By U.S. Citizens


The Justice Department has opened a formal criminal investigation into potentially widespread illegalities exposed by the Panama Papers, the massive leak of financial details about secret offshore accounts, federal law enforcement officials told NBC News Wednesday -- and its first priority will be finding wrongdoing by U.S. firms and individuals.

The U.S. Attorney in Manhattan, Preet Bharara, sent a letter to the International Consortium of Investigative Journalists (ICIJ), which has led a worldwide effort to report on suspected money laundering, tax evasion and other criminal activity exposed in the documents.

In his brief letter, Bharara said his office -- which has jurisdiction over many of the world's largest banks and financial firms -- has "opened a criminal investigation regarding matters to which the Panama Papers are relevant." The letter was dated April 3, the day ICIJ published its findings. 

Click here for the full article.

Source: NBC News

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