NEW: The Pandora Papers confirmed what we've long suspected—US law firms have transformed into one-stop shops for kleptocrats around the world to launder their money, entrench their power, and so much more.
newrepublic.com/article/164029…
newrepublic.com/article/164029…
Look at all the services US law firms now provide kleptocrats:
—PR and lobbying
—Pushing pro-offshoring policies
—Overseeing shell companies and trusts
—Overseeing real estate purchases
—Navigating anti-money laundering exemptions
—Allowing access to law firm accounts
—PR and lobbying
—Pushing pro-offshoring policies
—Overseeing shell companies and trusts
—Overseeing real estate purchases
—Navigating anti-money laundering exemptions
—Allowing access to law firm accounts
All of this in addition to the ability to argue for cloaking everything behind attorney-client privilege. (And intimidating journalists who are trying to disentangle these kleptocratic networks.)
https://twitter.com/cjcmichel/status/1450107286026965001
We talk about Western "enablers" opening the Western financial sector to all kinds of kleptocrats, oligarchs, and despots.
But it's clear that lawyers are in a class of their own.
When it comes to Western "enablers," lawyers are first among equals.
newrepublic.com/article/164029…
But it's clear that lawyers are in a class of their own.
When it comes to Western "enablers," lawyers are first among equals.
newrepublic.com/article/164029…
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