TORONTO – The Royal Bank of Canada says it operates within the law and has policies to prevent tax evasion after reports said it used the Panamanian law firm whose leaked documents are said to reveal the use of offshore tax havens.
The International Consortium of Investigative Journalists worked with hundreds of journalists to analyze 11.5 million records from the law firm Mossack Fonseca.
The records reportedly show major banks helped clients create companies in offshore havens like Panama.
Mossack Fonseca has confirmed the authenticity of the records that hackers obtained.
The firm denies any wrongdoing and says most of the individuals named in …read more
Source: Macleans
